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Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes

 
Anonymous Coward
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08/03/2022 11:03 AM
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Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes


blink
Taxman Titan Jr
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08/03/2022 11:04 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
Florida Man
America First!!!

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08/03/2022 11:05 AM

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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Fake tweet.
AFTER CASH PAYOUT and taxes.
"Knees that extend past the toes the furthest are the most protected." -Charles Poliquin.

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Anonymous Coward
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08/03/2022 11:05 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
FEDS..

ILL. STATE TAXES..

COOK COUNTY..

CITY OF CHICAGO..

POSSIBLE ADDITIONAL LOCAL TAXES INSIDE OF CHICAGO..
Anonymous Coward
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08/03/2022 11:06 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
This is one of the reason income taxes are terrible. Some could be completely poor for their entire life, and if they have a good year, the government takes it all from them as if they were rich.
X attorney at clown law
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08/03/2022 11:09 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
How about this the mega millions lottery that is a corporation gets sued for everything that they owe past lottery winners because it's not your duty to pay taxes on people's behalf your duties to pay the money advertiseed
Rubysage

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08/03/2022 11:13 AM

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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
 Quoting: Taxman Titan Jr 76443813


It's part of the scam of lotteries. In any lottery winnings the IRS will straight take 25% of it. For no reason, they just automatically take it. And then there's additional taxes on top of that.

Lotteries overall are basically charity funding that goes to the states or government. That's why it exists, to raise money from people who pay for tickets. You don't get what's advertised.

Last Edited by Rubysage on 08/03/2022 11:14 AM
anon_cow

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08/03/2022 11:16 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Cash payout is $747,000,000.

Feds get 37%, Illinois gets 5%.
Anonymous Coward
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08/03/2022 11:18 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Fake tweet.
AFTER CASH PAYOUT and taxes.
 Quoting: Florida Man


Exactly. Maff is so hard for these people, lmao.

Why do yall even start threads that you cant possible understand?
Anonymous Coward
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United States
08/03/2022 11:20 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
would not have taken the cash payout, what an idiot
Anonymous Coward
User ID: 79580316
United Kingdom
08/03/2022 11:22 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
would not have taken the cash payout, what an idiot
 Quoting: Anonymous Coward 79649054


I dunno.

Given that the dollah is hyperinflating away, it was probably a good move, IF, the winner buys up real assets now.

drevil
Anonymous Coward
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08/03/2022 11:23 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
would not have taken the cash payout, what an idiot
 Quoting: Anonymous Coward 79649054


I dunno.

Given that the dollah is hyperinflating away, it was probably a good move, IF, the winner buys up real assets now.

drevil
 Quoting: Anonymous Coward 79580316


No shit. 400 million is plenty enough to set you and all of your offspring up for life. But who knows how long those lottery checks would continue?
Anonymous Coward
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08/03/2022 11:24 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
would not have taken the cash payout, what an idiot
 Quoting: Anonymous Coward 79649054


Yeah because $400 Million is nothing

Why must yall post such ridiculous tripe?
X attorney at clown law
User ID: 83956492
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08/03/2022 11:25 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Biggest scam in the world
Anonymous Coward
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Croatia
08/03/2022 11:26 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
 Quoting: Taxman Titan Jr 76443813


It's part of the scam of lotteries. In any lottery winnings the IRS will straight take 25% of it. For no reason, they just automatically take it. And then there's additional taxes on top of that.

Lotteries overall are basically charity funding that goes to the states or government. That's why it exists, to raise money from people who pay for tickets. You don't get what's advertised.
 Quoting: Rubysage


like pt barnum said, there is a sucker born every minute.
Anonymous Coward
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08/03/2022 11:26 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
would not have taken the cash payout, what an idiot
 Quoting: Anonymous Coward 79649054


I dunno.

Given that the dollah is hyperinflating away, it was probably a good move, IF, the winner buys up real assets now.

drevil
 Quoting: Anonymous Coward 79580316


No shit. 400 million is plenty enough to set you and all of your offspring up for life. But who knows how long those lottery checks would continue?
 Quoting: Anonymous Coward 83956099


I think you would get all the checks coming to you, but how much would they buy at the Dollar Store ten years from now?

drevil
Lady Jane SmithModerator
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08/03/2022 11:30 AM

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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Not if they set up a charitable foundation, donate every $$ to the foundation. No income taxes.

The through the foundation do whatever charitable donations they may want.

Works for the Clintons.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ

Killer Bunny
Anonymous Coward
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08/03/2022 11:34 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Paul Revere is rolling over in his grave right now

bert-facepalm
Anonymous Coward
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United Kingdom
08/03/2022 11:36 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Not if they set up a charitable foundation, donate every $$ to the foundation. No income taxes.

The through the foundation do whatever charitable donations they may want.

Works for the Clintons.
 Quoting: Lady Jane Smith


hillary
screamdeadahhh
Anonymous Coward
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08/03/2022 11:40 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Feds will send their cut/theft to Ukraine.
R
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08/03/2022 11:42 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Fake tweet.
AFTER CASH PAYOUT and taxes.
 Quoting: Florida Man


Oh gimme a break.

It wuld be far less from the payment plan.

Anyway, who could possibly be dumb enough in this day and age,
to take the payment plan?
Anonymous Coward
User ID: 28718123
United States
08/03/2022 11:42 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
 Quoting: Taxman Titan Jr 76443813


It's part of the scam of lotteries. In any lottery winnings the IRS will straight take 25% of it. For no reason, they just automatically take it. And then there's additional taxes on top of that.

Lotteries overall are basically charity funding that goes to the states or government. That's why it exists, to raise money from people who pay for tickets. You don't get what's advertised.
 Quoting: Rubysage


Even luck is taxable.
R
User ID: 79009989
United States
08/03/2022 11:44 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
How about this the mega millions lottery that is a corporation gets sued for everything that they owe past lottery winners because it's not your duty to pay taxes on people's behalf your duties to pay the money advertiseed
 Quoting: X attorney at clown law 76443813


They have plenty of fine print.

They don't even have to pay you at all.
Anonymous Coward
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08/03/2022 11:46 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Not if they set up a charitable foundation, donate every $$ to the foundation. No income taxes.

The through the foundation do whatever charitable donations they may want.

Works for the Clintons.
 Quoting: Lady Jane Smith


As soon as lump sum is agreed upon, taxes are taking out and check is cut.

FAIL
Anonymous Coward
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08/03/2022 11:47 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Fake tweet.
AFTER CASH PAYOUT and taxes.
 Quoting: Florida Man


Oh gimme a break.

It wuld be far less from the payment plan.

Anyway, who could possibly be dumb enough in this day and age,
to take the payment plan?
 Quoting: R 79009989


That would still be 60 mill a year, putting you in the top tax bracket, meanwhile they are making money off the money they hold. Id take the 400 mill and start making my own money with it.
Or split it with my wife and take my half in cash and her half in the annuity.
Anonymous Coward
User ID: 79580316
United Kingdom
08/03/2022 11:48 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
 Quoting: Taxman Titan Jr 76443813


It's part of the scam of lotteries. In any lottery winnings the IRS will straight take 25% of it. For no reason, they just automatically take it. And then there's additional taxes on top of that.

Lotteries overall are basically charity funding that goes to the states or government. That's why it exists, to raise money from people who pay for tickets. You don't get what's advertised.
 Quoting: Rubysage


Even luck is taxable.
 Quoting: Anonymous Coward 28718123


Not in the UK.

All gambling winnings are tax-free.

drevil
thetrickybigguy

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08/03/2022 11:52 AM

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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
it would be tuff to spend the interest every month on 400M.
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Anonymous Coward
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08/03/2022 11:53 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Hooray, more tax money to be sent to Ukraine and other countries! Our taxes benefit everyone besides Americans.
Anonymous Coward
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08/03/2022 11:53 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
it would be tuff to spend the interest every month on 400M.
 Quoting: thetrickybigguy


I would set up my own charity to help the homeless and hungry.

But, whatever.
Anonymous Coward
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08/03/2022 11:55 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
 Quoting: Taxman Titan Jr 76443813


It's part of the scam of lotteries. In any lottery winnings the IRS will straight take 25% of it. For no reason, they just automatically take it. And then there's additional taxes on top of that.

Lotteries overall are basically charity funding that goes to the states or government. That's why it exists, to raise money from people who pay for tickets. You don't get what's advertised.
 Quoting: Rubysage


like pt barnum said, there is a sucker born every minute.
 Quoting: Anonymous Coward 83956799


Guess the lotto winner forgot to get the memo.
R
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United States
08/03/2022 11:59 AM
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Re: Mega Millions Lottery Winner of 1.28B Will Get 433.7M after Taxes
Excuse me you will pay the money advertised who the f*** you think you are dealing with
 Quoting: Taxman Titan Jr 76443813


It's part of the scam of lotteries. In any lottery winnings the IRS will straight take 25% of it. For no reason, they just automatically take it. And then there's additional taxes on top of that.

Lotteries overall are basically charity funding that goes to the states or government. That's why it exists, to raise money from people who pay for tickets. You don't get what's advertised.
 Quoting: Rubysage


Even luck is taxable.
 Quoting: Anonymous Coward 28718123


Not in the UK.

All gambling winnings are tax-free.

drevil
 Quoting: Anonymous Coward 79580316


Finally!

A reason to move to the UK!

Been lookin for one of these for years!





GLP