Powerball Jackpot $900 Million USD

MrPrena · 01-13-2016, 05:40 PM

Quote:

Originally Posted by NemesisX

Government takes 40%

Yup. and state govt takes % depends on where you live.

DSB335d · 01-13-2016, 09:12 PM

Quote:

Originally Posted by UncleWede

and yearly income taxes, don't be forgetting that.

If you take the lump sum, however it is payed out.. Once you have collected it and you pay income taxes on it the first time (2016?) Would there be consecutive income taxes (2017-20xx)?

1MOREMOD · 01-13-2016, 09:18 PM

Just on your investment income from it each year.

ASBSECU E93 · 01-13-2016, 09:20 PM

Quote:

Originally Posted by DSB335d

If you take the lump sum, however it is payed out.. Once you have collected it and you pay income taxes on it the first time (2016?) Would there be consecutive income taxes (2017-20xx)?

Future income tax is based on future taxable earnings the principal would generate.

For example - 400 Million earning interest in a money market account is taxed as interest income and reported on your 1040.

You can invest in nontaxable bonds that generate income tax free...

If you invest in properties that generate income at a profit - and based on your structure (LLC, S-Corp) - you are personally subject to taxes based on the profit (Net Income) and your tax will be based on your share of ownership.

NOTE: I am not a CPA, but I did sleep at a Holiday Inn Express last night...

ASBSECU E93 · 01-14-2016, 12:28 AM

At least one confirmed winning ticket sold near LA....

Anyone on here??

MrPrena · 01-14-2016, 12:34 AM

Quote:

Originally Posted by ASBSECU E93

At least one confirmed winning ticket sold near LA....

Anyone on here??

I hope more than 1.
I am expecting at least 3 relative to amounts of tickets sold.

krnnerdboy · 01-14-2016, 01:50 AM

In my hometown and only 2 mi away from me, the winning ticket was sold. Too bad I didn't play

Cattivo · 01-14-2016, 04:30 AM

I just woke up to see if I won...checked my tickets...mother fucked the winners...hi ho, hi ho, its off to work I go

gonzo · 01-14-2016, 07:26 AM

Quote:

Originally Posted by Cattivo

I just drove by a gas station in the Bronx with at least 100 people waiting on line to play, good thing it's only 35 degrees out n snowing...maybe I can sell 1 of them my ticket for $100

I wonder how many didn't win a dime and are now in a pickle because they bought a ridiculous number of tickets.

Didn't win a dime myself but congrats to the three winners.

RickFLM4 · 01-14-2016, 07:28 AM

Quote:

Originally Posted by MrPrena

Quote:

Originally Posted by ASBSECU E93

At least one confirmed winning ticket sold near LA....

Anyone on here??

I hope more than 1.
I am expecting at least 3 relative to amounts of tickets sold.

Good call. Winners in CA, FL and TN.

Haywood · 01-14-2016, 07:44 AM

I won $4! Now, need to call my investment manager.

GOLFFRR · 01-14-2016, 07:45 AM

I won 7$

no billion for me, this time

Sara · 01-14-2016, 08:18 AM

Quote:

Originally Posted by ASBSECU E93

At least one confirmed winning ticket sold near LA....

Anyone on here??

I wonder if his name is Oscar. One of my clients lives in Chino Hills.

upstatedoc · 01-14-2016, 08:34 AM

$4 here

Whostheboss · 01-14-2016, 09:39 AM

This was a waste of my hard earned $5, not playing again. lol

UncleWede · 01-14-2016, 10:26 AM

Haven't fully checked my 18 tickets, but I do find a 10 in the powerball position on one line. That's like $2, right?

F30lolz · 01-14-2016, 10:31 AM

Quote:

Originally Posted by UncleWede

Haven't fully checked my 18 tickets, but I do find a 10 in the powerball position on one line. That's like $2, right?

Banned, not enough to entice a stripper.

UncleWede · 01-14-2016, 10:35 AM

banned for not having enough quarters to fill the slot and get another dance.

Mr.SugarSkulls · 01-14-2016, 12:15 PM

Quote:

Originally Posted by Sara504

Quote:

Originally Posted by ASBSECU E93

At least one confirmed winning ticket sold near LA....

Anyone on here??

I wonder if his name is Oscar. One of my clients lives in Chino Hills.

His names Jared price-

27 year old hedgefund manager.

The rich get richer

ASBSECU E93 · 01-14-2016, 12:54 PM

Quote:

Originally Posted by Sara504

Quote:

Originally Posted by ASBSECU E93

At least one confirmed winning ticket sold near LA....

Anyone on here??

I wonder if his name is Oscar. One of my clients lives in Chino Hills.

Sugar Daddy material FOR SURE!!!

gonzo · 01-14-2016, 01:17 PM

Quote:

Originally Posted by Mr.SugarSkulls

His names Jared price-

27 year old hedgefund manager.

The rich get richer

Seriously?
Just wrong.

I wonder why he spit out his name like a big dumb butt?

The question is, how many people renounced their religion this morning...

ASAP · 01-14-2016, 01:51 PM

Quote:

Originally Posted by gonzo

Seriously?
Just wrong.

I wonder why he spit out his name like a big dumb butt?

The question is, how many people renounced their religion this morning...

Thats fake... no one knows yet.

I would also hope that hedge fund manager has more common sense than that.

01-13-2016, 09:18 PM	#201
1MOREMOD - 11822 Rep 23,186 Posts Drives: Race car-> Join Date: Mar 2009 Location: check your mirrors iTrader: (5)	Just on your investment income from it each year.
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01-14-2016, 01:50 AM	#205
krnnerdboy Colonel 192 Rep 2,431 Posts Drives: v10 m6 Join Date: Nov 2008 Location: so cal iTrader: (10)	In my hometown and only 2 mi away from me, the winning ticket was sold. Too bad I didn't play __________________ F80 m3, 997 gt3, 14 ram ctd, f15 x5, drz400sm Gone:z4m, boss 302, c6 z06, m6,z3m
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01-14-2016, 04:30 AM	#206
Cattivo FDNY Engine 55 696 Rep 2,115 Posts Drives: X5M, X5 50i Msport, EscaHoe Join Date: Jul 2014 Location: The Concrete Jungle iTrader: (1)	I just woke up to see if I won...checked my tickets...mother fucked the winners...hi ho, hi ho, its off to work I go
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01-14-2016, 07:44 AM	#209
Haywood I know a thing or 2 about a thing or 2... 3157 Rep 3,491 Posts Drives: E36 M3 Coupe, e39 M5, G26 i4 Join Date: Oct 2008 Location: LI, NY iTrader: (11) Garage List 2025 BMW G26 i4 eDr ... [0.00] 2003 BMW e39 M5 [0.00] 1997 BMW e36 M3 [0.00]	I won $4! Now, need to call my investment manager. __________________ 2025 i4 eDrive40 Tanzanite Blue 2003 Le Mans Blue e39 M5 Dinan S1 1997 Alpine White e36 M3 (the old gal) 2013 Mineral White e92 M3 (sold) 2014 Carbon Black 650i M-sport (sold)
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01-14-2016, 07:45 AM	#210
GOLFFRR 11263 Rep 27,996 Posts Drives: GOLFFRR cart Join Date: Mar 2009 Location: we sell BMWs to "ALL" US states iTrader: (4)	I won 7$ no billion for me, this time __________________ BEFORE YOU BUY YOUR NEXT BMW, EMAIL OUR GUY KOTE FIRST! Kote M Sales:Kotem@bmwofcamarillo.com Cell:805-368-9101 vipfinance@bmwofcamarillo.com for warranties!
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01-14-2016, 08:34 AM	#212
upstatedoc I'll get back to you 7543 Rep 2,132 Posts Drives: blue streak Join Date: Dec 2009 Location: not downstate iTrader: (2)	$4 here __________________ 2018 Stinger GT 2009 E90 N51 /Active Autowerke Stage 2 tune/BMW Performance Exhaust/ Countermeasure enthusiast.
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01-14-2016, 09:39 AM	#213
Whostheboss Captain 424 Rep 841 Posts Drives: a 9incher Join Date: Aug 2008 Location: No. Virginia U.S.A. iTrader: (0)	This was a waste of my hard earned $5, not playing again. lol __________________ WHO'S THE BOSS
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01-14-2016, 10:26 AM	#214
UncleWede Long Time Admirer, First Time Owner 18596 Rep 9,435 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	Haven't fully checked my 18 tickets, but I do find a 10 in the powerball position on one line. That's like $2, right?
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01-14-2016, 10:35 AM	#216
UncleWede Long Time Admirer, First Time Owner 18596 Rep 9,435 Posts Drives: G01 X3 M40i Dark Graphite Join Date: Jun 2005 Location: Oxnard, CA iTrader: (0)	banned for not having enough quarters to fill the slot and get another dance.
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