MEGA MILLIONS climbs to $222 Million

Reply #11

Kristin — Fri, 20 Feb 2004 18:15:43 GMT

I dont think lottery winnings should be taxed, its not working pay as you would get each week from your job. Your right, you will be taxed regardless if you take the cash option or the annuity payments. If you took the cash, you would get half which is $136 million, without tax deduction. You will get half of the $136 million you won, out of $236 million, in Michigan, it would be around $98 million Dollars out of $236. Huge cut ! That is almost $100 million in taxes.

Reply #10

twisted — Fri, 20 Feb 2004 17:13:58 GMT

Quote: Originally posted by Kristin on February 19, 2004 I, for one, am going to take it all if I ever happen to win. I am only 23 years old, so I will be taking it all, I can live 26 good years with the whole jackpot in my pocket! You get roughly $92 million dollars out of $222 million, I think its kind of crazy to give the government that much money. I know, that I can live off of 8 million a year. I hardly make that now and I am sure I wont make that in my life time now.Its nice to see someo... [ More ]

Reply #9

LaurainMass — Fri, 20 Feb 2004 15:36:55 GMT

And the winner of the 222 million drawing is, Massachusetts lol !Laurajean

Reply #8

whodeani — Fri, 20 Feb 2004 13:40:50 GMT

I don't live in a Mega Millions state but I did buy tickets from megamillionsonline.com and I hope my tickets were bought from Texas, Washington, or New Jersey. No state tax! I'm not sure if my own state might come and hit me with some tax though. Not really sure how that works. That is what a tax attorney and accountants are for. And if I had almost $100 Million I would have no problem paying those people.

Reply #7

dvdiva — Fri, 20 Feb 2004 01:51:59 GMT

the problem Kristen is i think tax rates are due for a hike - and it will only get worse when the baby boomers demand social security and Medicaid

Reply #6

kbcherokee — Thu, 19 Feb 2004 23:56:07 GMT

Hey Visiondude Where are you? -It's time-Chief

Reply #5

Kristin — Thu, 19 Feb 2004 23:13:39 GMT

I, for one, am going to take it all if I ever happen to win. I am only 23 years old, so I will be taking it all, I can live 26 good years with the whole jackpot in my pocket! You get roughly $92 million dollars out of $222 million, I think its kind of crazy to give the government that much money. I know, that I can live off of 8 million a year. I hardly make that now and I am sure I wont make that in my life time now.

Reply #4

golotto — Thu, 19 Feb 2004 19:12:49 GMT

it sure could rol

Reply #3

weshar75 — Thu, 19 Feb 2004 18:22:43 GMT

I hope that we are looking at a 300+ million dollar jackpot by this time next week. Give it some more time before it is won

Reply #2

Kristin — Thu, 19 Feb 2004 18:18:53 GMT

LANSING, February 19, 2004 As of 11:30 a.m. today, lottery officials for the Mega Millions game announced that due to solid ticket sales the estimated jackpot for February 20, has been increased by $7 million! The jackpot for tomorrow nights Mega Millions drawing now sits at $222 million!If one winning ticket matches all six numbers in Friday nights drawing and the player has selected annuity payments over 26 years, the $222 million jackpot would amount to pre-tax payments of roughly: $8.5 mi... [ More ]

Reply #1

Kristin — Thu, 19 Feb 2004 18:15:57 GMT

Oh my! We're going to buy $100 worth in Detroit. I may buy another $50 some other place,too.

MEGA MILLIONS climbs to $222 Million

Lottery_Analyst — Thu, 19 Feb 2004 15:27:52 GMT

Mega Millions has just been updated with a new estimated jackpot payout of $222 Million.Don't forget to buy your tickets or join in a pool before Friday....Good luck to all....JohnLottery Analyst