The OFFICIAL Powerball and Megamillions thread:

my body is ready...getting a pool together with family and friends. and of course buying separate tickets

here is my plan if I win

Jackpot $213,000,000.00 Checking $14,000,000.00
taxes $85,200,000.00 house-Plainfield $750,000.00
tithes $21,300,000.00 downtown condo $600,000.00
savings $60,000,000.00 Viper $125,000.00
checking $14,000,000.00 Benz CL550 $125,000.00
friends $5,000,000.00 Lambo lease $150,000.00
Capital investment $1,500,000.00 debt $300,000.00
Philanthropy $1,000,000.00 shopping $100,000.00
Parents/Sis $5,000,000.00 wifey $1,000,000.00
family $20,000,000.00 Second Savings acct (int for living expenses) $10,000,000.00

$-


checking acct $850,000.00
Savings in 15 years $80,752,100.30
 
I'll pick up a ticket tomorrow.

Surprised that you'd leave that much to your family. If I won, I'm setting up a fund in which each member gets a certain amount and nothing after. I'd set it up through a lawyer so that I don't have to get involved.
 

laugh.gif
Tithes.
 
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@J, gotta take care of family. I'm making all my loved ones millionaires so they know not to come ask for more.
 
Here's a breakdown of the $325,000,000 jackpot from usamega.com

Powerball Jackpot for Sat, Nov 24, 2012

Annuity: $325,000,000

Cash: $212,800,000

Gross Prize: 30 average annual payments of $10,833,333
Lump-sum cash: $212,800,000

25% Federal Tax for annuity option - $2,708,333
25% Federal Tax for lump sump option - $53,200,000

Subtotal after federal taxes for annuity: $8,125,000
Subtotal after federal taxes for lump sump: $159,600,000

Subtotal after (average) state taxes for annuity: $7,583,333
Subtotal after (average) state taxes for lump sump: $148,960,000

After all federal and state taxes your net payout for annuity is: $227,449,990
After all federal and state taxes your net payout for lump sum is: $148,960,000
 
Here's a breakdown of the $325,000,000 jackpot from usamega.com

Powerball Jackpot for Sat, Nov 24, 2012

Annuity: $325,000,000

Cash: $212,800,000

Gross Prize: 30 average annual payments of $10,833,333
Lump-sum cash: $212,800,000

25% Federal Tax for annuity option - $2,708,333
25% Federal Tax for lump sump option - $53,200,000

Subtotal after federal taxes for annuity: $8,125,000
Subtotal after federal taxes for lump sump: $159,600,000

Subtotal after (average) state taxes for annuity: $7,583,333
Subtotal after (average) state taxes for lump sump: $148,960,000

After all federal and state taxes your net payout for annuity is: $227,449,990
After all federal and state taxes your net payout for lump sum is: $148,960,000

:wow: :smh: . that's A LOT of damn taxes. the lump sum net payout is less than half of winning jackpot. good god man.
 
:wow: :smh: . that's A LOT of damn taxes. the lump sum net payout is less than half of winning jackpot. good god man.
dude is 148 million not enough for you? Chances are you couldn't spend all that even if you wanted too. How much more do you want? Unless of course you're into purchasing and building skyscrapers
 
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:wow: :smh: . that's A LOT of damn taxes. the lump sum net payout is less than half of winning jackpot. good god man.
dude is 148 million not enough for you? Chances are you couldn't spend all that even if you wanted too. How much more do you want? Unless of course you're into purchasing and building skyscrapers

of course 148 million is more than enough for me. I was just looking at how much taxes is taking out, I knew it was a lot but I didn't know it was that much. the numbers just surprised me. if I won 148 million i'm not complaining one bit.
 
Here's a breakdown of the $325,000,000 jackpot from usamega.com

Powerball Jackpot for Sat, Nov 24, 2012

Annuity: $325,000,000

Cash: $212,800,000

Gross Prize: 30 average annual payments of $10,833,333
Lump-sum cash: $212,800,000

25% Federal Tax for annuity option - $2,708,333
25% Federal Tax for lump sump option - $53,200,000

Subtotal after federal taxes for annuity: $8,125,000
Subtotal after federal taxes for lump sump: $159,600,000

Subtotal after (average) state taxes for annuity: $7,583,333
Subtotal after (average) state taxes for lump sump: $148,960,000

After all federal and state taxes your net payout for annuity is: $227,449,990
After all federal and state taxes your net payout for lump sum is: $148,960,000



Damn I'm always a fan of taking the lump sum due to depreciation, but that annuity looks pretty good. I don't really play this **** anyways.
 
Here's a breakdown of the $325,000,000 jackpot from usamega.com

Powerball Jackpot for Sat, Nov 24, 2012

Annuity: $325,000,000

Cash: $212,800,000

Gross Prize: 30 average annual payments of $10,833,333
Lump-sum cash: $212,800,000

25% Federal Tax for annuity option - $2,708,333
25% Federal Tax for lump sump option - $53,200,000

Subtotal after federal taxes for annuity: $8,125,000
Subtotal after federal taxes for lump sump: $159,600,000

Subtotal after (average) state taxes for annuity: $7,583,333
Subtotal after (average) state taxes for lump sump: $148,960,000

After all federal and state taxes your net payout for annuity is: $227,449,990
After all federal and state taxes your net payout for lump sum is: $148,960,000
I'd take the 7 mil annually.
 
Lump sum:

Build a trust fund and Foundation for the family- scholarships for college, and hardship loans. Ain't know way in hell I would write checks for the simple fact we blood, kin or friends. Pretty much you writing checks for people to disappear out of your life for how ever long the money lasts.

Accounts in the top 4 tax havens of the world. 
 
Audi S8

Porsche Cayenne Turbo

Ferrari 458

La Jolla house

Vail house

Lots of Hugo Boss

Lots of vacations

Lots of stocks & bonds

:smokin
 
Baise, where are these tax havens?

And does anyone know where you could get better interest rates? say 10%
 
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