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LOTTERY POST 25TH ANNIVERSARY GIVEAWAY #4Reply
The Lucky for Life jackpot can be payed out as: 1. A lump sum of $5,750,000 before taxes . 2. An annuity of 365,000 a year before taxes. The prize is guaranteed for 20 years in the event of the death of the winner. If you collect the first 365K and die that year, your beneficiaries will be paid out 365K each year for 19 years. That's what they mean by a 20 year guaranteed. Otherwise you will be paid 365K until you die, whether that's for 21, 30, 40 or 50 years. Not su
Sep 16, 2025, 3:05 pm - JustMaybe - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
Found a new calculator for income taxes. Wasn't looking for one in particular but thought I would share https://www.calculatorsoup.com/calculators/financial/tax-federal-est.php
Sep 10, 2025, 11:28 pm - CDanaT - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
If I won lots of money, I would be happy to pay my fair share of taxes. Everyone needs to pay their fair share. Unfortunately the tax code has gotten less fair over time, with carve-outs and deductions for favored groups making things a mess. A lot of people might say that paying $3,615,320 isn't paying your fair share even if that is the tax rate. Do you agree with them?
Sep 6, 2025, 6:59 pm - grwurston - Lottery Discussion Forum

$1.8 BILLION: Powerball jackpot now second-largest ever as ticket sales surge across the USAReply
Nope. TAX FRAUD. Hard to spend $ from prison. You pay taxes in the state where you purchased the ticket first and then in any applicable home state. There is an offsetting credit.
Sep 6, 2025, 10:04 am - Artist77 - Lottery News

Are you playing Mega Millions with the $5.00 per play?Reply
Instead of making up false numbers in a lame attempt to prove a meaningless point, let's try reality... https://smartasset.com/taxes/income-taxes income $1,000,000 federal income tax $285,320 after tax $714,680 income $10,000,000 federal income tax $3,615,320 $6,384,680 so just a hair under 9 times as much take-home with 10 times the income
Sep 5, 2025, 11:08 pm - Tucker Black - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
the more money I have to pay in taxes, the higher my income is ... UNDER CURRENT TAX LAW, not your stupid, unrealistic, and mathematically ignorant supposition. Geez....
Sep 5, 2025, 5:40 pm - Tucker Black - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
I'd love to have paid taxes in the 70% bracket. I call You wouldn't have liked it back then and you wouldn't like it today either no matter how much the 30% you got to keep was above the average.
Sep 4, 2025, 10:14 pm - grwurston - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
Did the lottery exist in 1980 ? Don't recall it being in existence but I could be wrong. Doesn't really matter. We ALL know our Government has a spending problem and we haven't had a balanced budget in almost 30 years. You can never spend your way out of debt. For those socialist folks that think the wealthy need to pay more taxes. My question to you is this....What are you going to do when you run out of their money ? Nobody answered my question from earlier....Which one of you are going to giv
Sep 4, 2025, 4:09 pm - CDanaT - Lottery Discussion Forum

Are you playing Mega Millions with the $5.00 per play?Reply
I would love it if the state didn't collect tax on lottery wins until the cash value is $20 million or higher. I've got only two minor issues about how lottery winnings are taxed. Extremely few players win large amounts more than once, so winning a large prize is almost always a once in a lifetime windfall, while most people who are paying anything in the top bracket have a high income every year. Let's say you win a (cash) prize of $20 million. Adding that to 40 years of earning 75k means
Sep 4, 2025, 3:01 pm - KY Floyd - Lottery Discussion Forum

$1.7 BILLION: Powerball jackpot juggernaut keeps rollingReply
80 people in your lottery group at work. I am sure a lot of work is not being done there. No business owner or boss should even allow lottery pools at work. Are you the organizer of it. I bet you spend at least 4 hours a day on this pool nonsense. If you win 80 people are going to get 7,900,000.00 each before taxes. What will 1 show up to work there the next day. The business will go under. Never mind the non production that goes in there when everyone is all hyped up over Power Ball. It would d
Sep 4, 2025, 12:44 pm - billybucks - Lottery News