Posted on 10/19/2018 9:44:20 AM PDT by Snickering Hound
The Mega Millions jackpot for tonights drawing has been increased by $30 million to $1 billion. One-time lump sum payment is $565.6 million.
The $1 billion jackpot is the largest Mega Millions jackpot ever. The biggest Mega Millions jackpot won in 2018 was a $543 million jackpot. One ticket purchased in California matched the five white balls and Mega ball to win on July 24.
(Excerpt) Read more at clickondetroit.com ...
Holy sh#t.
If I win, I can pay off most of my debts.
I am going to win it and when the press comes to me for interviews I am telling them that I am donating all of it to help Trump build the wall.
Whoa...that’s beer money for a whole year!
Yeah, if you have anything left after your tax bill.
“Maybe I’ll go to the movies.....by myself!”
I’d settle for 5 out of 6 numbers correct.
Craft beer at that.I’m thinking of a good IPA with some citrus notes.
At that level of prize, I’m getting a new Porsche 718 Cayman S coupe.
But remember, after taxes the take home will only be around $300 million or so, so ask yourself if it’s worth it.
Just say you’re going to donate 1/2! lol You won’t be lying.
Gee...only 300 mil...that’s poverty level...
“But remember, after taxes the take home will only be around $300 million or so, so ask yourself if its worth it.”
You’re right, I have better use for the $2.
In AR, with 7% tax + highest taxbracket of 40.4 (37% + insipid obamacare tx) , your 565.5mm = approx. $343,250,000.00 NET to you.
No problem, I'd just buy Aa2 rated Arkansas tax free munis with state aid withholding and insurance at 4% coupon.
That would be tax free income of almost $14,000,000.00 a year.....and still have my 343 million in winnings.
Of course the church gets 10% and I set up lots of separate accounts for charitable giving......and FR would have no more fundraisers, ever., Lots would go to GOA, NRA, Shriners, Samaritans, etc.
If I win, I’m having my 1999 GMC Suburban pounded out to look like the Warthog from Halo 2.
note that top payout was $5mil, with 8 additional $1mil payouts....these payments are cash not annuities...
No state income tax on lottery in Cali. Only fed.
If I win, I’m going to stack it up on a pallet and ship it to Iran! No, wait, President Obama already did that so I can just keep it. Thanks, Obama!
Bravo to you.
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