I may have to break down and buy a few tickets. 😏
If it can happen to me, it can happen to you.
It hasn’t happened to me.
First year payment - $46.7 million
First year payment after 37% federal income tax - $29.4 million.
The pre-tax annual payments increase 5% each year, for the last 29 payments.
Thanks. I appreciate these kinds of posts. And that’s because I normally avoid lotteries. They are a sucker’s bet. But when the jackpot gets high enough, perhaps it’s not a sucker’s bet anymore. Perhaps the math now favors the bettor.
One of these days I’m going to work out the math. But not now. I’ve got a few Powerball tickets to buy.
Again, thanks.
Gambling is an addictive vice, undermines the value of hard work, is not a conservative value, and has been normalized in American culture through clever advertising and by making government a partner in what has traditionally/historically been considered criminal activity.
I think I would want to meet with a damn good accountant before I turned that ticket in.
Where do I buy a ticket? I can use 1 billion LOL
Probably won’t buy a ticket. But someone is going to win. Hope they have enough sense to sign the ticket in a Land Trust.
Lotteries are taxation for people who can’t do math.
I’d call in with anal glaucoma
I can’t see my ass going to work
I would take the lump, because I have several dream projects.
1. Establish a private school with lower (K-8) and upper (9-12) components. I have yet to see a school that combines all my views on education. There’d be both a physical school and an online distance learning/homeschool version. The distance learning/homeschool wing would have the same rigor and academic requirements as the “real” school.
2. Magazine/media property. I often bemoan the fact that wealthy conservatives don’t do enough in this area. The Left has taken over almost everything. My first thought was to buy something like Reader’s Digest, but at this stage in the game, it would be easier and much cheaper to start something new and focus on online.
3. Small charities that focus on environmental, homelessness, and other problems from a conservative POV. I know many here are all F$#$ that, but I believe there are potential solutions to these problems that are not being tried.
4. Bat cave. Yep, underground and gadgets.
Has anyone else noticed that for quite some time now, the winners (especially the 2nd place winners) consistently come from more blue states? Seems like the winners are mostly coming from California, New York, Michigan, Maryland, New Jersey, etc.
I don’t know how, but it seems like they have figured out a way to rig it. God knows everything else is corrupt these days.