What will you buy if you won the Powerball /g/?
I would love to get this babby!
It's not 1.5 billion.
After all the takes it is about 341 million USD, then whatever state/local taxes are factored in.
I'd buy 4chan of course, and maintain it if I won. Keep it going, keep it from falling to pieces, but really change nothing about the site. Just keep it alive.
1mil donated to my favorite github projects
1mil donated to some kickstarter games
1mil donated to some patreons
1mil on harddrives, so i can preserve every booru/hentai site
the rest is boring personal stuff like a house/etc.
I like showing my support for potential devs that need it.
There are especially tons of github projects I wish I could give 100k+ to, so that the dev can work on them full time or perhaps hire a team.
but there's still a chance, even if it's astronomically low.
They really need to make it so 2nd place,3rd place..etc winners get more money.
it's not misleading. its common sense that taxes will eat up a ton of that money.
300+ mil is still more money than 1 person could ever need.
It's just sad that most people who win lotteries say they wish they never had.
Ayyy friends. Hope this text post helps clear up the confusion.
Here's how I reached that number, although I calculated it for my shitty state (Ohio), so I'll do one that is more generalized. Reminder that they way the Powerball is taxed, is off the Jackpot total, not the lump sum.
Jackpot +1.4 billion
Lumpsum: +$930 million (38% of the sum)
Fed taxes part 1:(citizen or resident with social security number): -$232.5 million
Fed taxes part 2 (April 15th edition): -$135.8m million (because at that tax bracket, it's 39.6%)
We're left with $561m at this point.
Now this is where it differs, because State and Local taxes on lotteries are different by state, and well, local city.
The median would be about another 15%.
That's another -$139.5 m.
We're at $422 million now. But now you have to pay federal taxes again, and it's still marked by the initial jackpot.
Sp that's another -$184m, even if you do the maximum charitable contributions to offset it.
We're at 238 million USD. This is about when you can start actually holding on to your money.
(Sorry to bum everyone out btw)
It's a rough tax system in the USA when you win the lottery and don't have offshore accounts already set up. This culmulative shrinking of the jackpot is less noticeable with smaller sums of course.
Probably why we also would never have such a high jackpot in Canada. Supposedly winnings from lottery are untaxed, but people lose their head here for 50 mil CAD, so take it for what it's worth.
The people who say that are poor people who've never had more than $1,000 to their name in their lives. They're most likely drowning in credit card debt as well. They're poor managers.
No one could individually spend all this money by themselves unless they were really trying to go broke. If you get into a situation where you start giving tons o money away to family, friends charity etc... And lose the ability to say no to them, then you will run into problems.
>Give close family (siblings and parents), 10 million each (setup something with a financial adviser so the transferred money is taxed minimally)
>Buy two mansions fully furnished in different areas in the us.
>Travel the world
>Donate money to charities that have I have researched deeply (that means actually volunteering)
>Donate money to research that also has been heavily researched.
>Give Sleepycabin 1 million, because fuck it I want to see what they would do with it.
>Eventually quit my job and focus on making my own software/games/animations.
>Give sleepycabin 1 million
You know, I really doubt they're smart enough to do the best things with that so I'd honestly just pay them a fair amount to get stamper and to go a cabin.
I think that if you did that it would break the group up.
>not going for the best shill channel, with a yearly average 800k usd income (from views only)
>really thinking they get that much from youtube
Clearly you don't know how Youtube works
>Doing it for money when you're already rich
Do it for the glory my disbelieving friend, and do it American.