Powerball Winner

i was just bout to post this
on ajc.com
it interviewed his neighbors...
dudes last name was Assman.. if thats edited.. Buttman lol
 
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^ that last name
 
damn good for him ... gla dto see it went to someone hard working and who didnt have much ... hope he lives it up ...
 
They killed dude on taxes. Out of 232 mill.......He took home 88


I don't believe in nothing but to my knowledge gambling is a sin right?
Why the +$+ do people thank the lord and say it's a blessing when they win??
 
Originally Posted by tramond

i was just bout to post this
on ajc.com
it interviewed his neighbors...
dudes last name was Assman.. if thats edited.. Buttman lol
Neal Wanless, but you can call him Money stacks now

he might change assman's name too

They take alot of money when you choose the cash option (118 mil) the rest were taxes
 
Originally Posted by jerseymizzle

Originally Posted by Beavers N Ducks

They killed dude on taxes. Out of 232 mill.......He took home 88
nah it's lump sum + taxes....the "232 million" is a spread payment over 40 years or something, otherwise you can take an upfront which is like 2/3 of it. so dude settled for like 160-170 and got taxed down to 88.



Oh ok. I know most lotteries you have 30 days to choose cash option. He could take it all. I would
 
Originally Posted by jerseymizzle

Originally Posted by Beavers N Ducks

They killed dude on taxes. Out of 232 mill.......He took home 88
nah it's lump sum + taxes....the "232 million" is a spread payment over 40 years or something, otherwise you can take an upfront which is like 2/3 of it. so dude settled for like 160-170 and got taxed down to 88.
 
If i won the lotto, my driveway would look like a traffic jam.....I would doo soo much unnessecary crap.
 
I didnt know how the lottery worked before but the reason why you end up with around half when you take the cash options is because thats really how much isavailable in the jackpot. The lottery commission relies on interest every year to build your jackpot over a number of years. So if you have 100 million prizethere is only really something like 40-60 million depending on interest rates and if you go for the cash option thats what youll get minus taxes.

I never thought about that until I found out a couple years ago.
 
LOL @ dudes mentioning he only got 88. If I won 50 Mill and they only wanted to give me 5 Mill ID Take it and still be happy as hell
 
Originally Posted by FinesseSosa

LOL @ dudes mentioning he only got 88. If I won 50 Mill and they only wanted to give me 5 Mill ID Take it and still be happy as hell

Preach.
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Originally Posted by FinesseSosa

LOL @ dudes mentioning he only got 88. If I won 50 Mill and they only wanted to give me 5 Mill ID Take it and still be happy as hell


You know what I'm saying? Take that 88 mill and turn it into 200 mill.
 
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