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With the powerball cash payout at 930 million, the highest federal tax bracket being 39.6%, and my state's highest tax bracket being 6%, that works out to $505,920,000.
That's an unfathomable amount of money personally, but you know greed has no end so.... When you actually collect your winnings, they only withhold 25% for federal taxes and 5% for my state, which means you would end up with $651,000,000, with the balance of $145,080,000 due at the end of the year.
145 million is a lot of money too. What could you do with it in the say 9 or 10 months that you would have it to offset that tax burden?
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>>1040285
invest in a stock that has a heavy dividend % and a solid history of paying dividends
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>>1040285
>With the powerball cash payout at 930 million
By the time the drawing happens I bet the payout will be 1.1 bil or higher.
Some people could go home with 800 mil
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To be honest, I would rather see a game where 0.1% of the tickets win 1000x the price instead of having one lucky faggot winning the billions...
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>>1041618
I would too but the people buy tickets for big pots not for good odds. The lotto is just giving people what they want.
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>>1041622
Naturally. I mean, there are lotteries with odds like I want, but they don't have as many players.
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