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Lottery tax question...Reply
If you want to win $65 million after taxes than you need to be the sole winner of a $200 million annuity jackpot.
Feb 25, 2014, 3:56 pm - Drenick1 - Lottery Discussion Forum

$330 MILLION: Powerball jackpot quickly ramping upReply
Todd I've always been a fan of megamillions even when they recently changed the matrix. But when they went to a 29 year annuity, that was the first time I hated a change in megamillions. But I still figured if thats how powerball pays their annuity then both games were still sort of equal to me. But as one member just reminded me on this thread, pb is paying about 57% cv of the jp. I figured mm must be a similar number and to my disgust I noticed it's only paying 54% and change. Todd can u expla
Feb 15, 2014, 9:02 am - peppy007 - Lottery News

$330 MILLION: Powerball jackpot quickly ramping upReply
Well for $4,412,950 net first annuity payment for the state of Washington, I'm in. We have no state tax. Ain't that break yar heart 49ers?? Annuity or lump sum? Get it started guys. It's that time again.
Feb 14, 2014, 1:24 pm - One-Day - Lottery News

Why Do You Think Lottery Winners Always Take The Cash Option?Reply
You realize that a wealth tax, whether it's a one time thing or an annual tax, will take more from a lump sum than from the annuity payments, right? That is a rather strange question. I will attempt to be as simplistic as possible so I don't confuse you. Lump sum amounts are always much larger than an annuity payment that is spread out over 30 years. An additional tax whether it is a 3.8% Obamacare tax or 1.5% annual wealth tax (currently assessed in France) will always be a larg
Feb 14, 2014, 10:24 am - Jill34786 - Lottery Discussion Forum

Why Do You Think Lottery Winners Always Take The Cash Option?Reply
You realize that a wealth tax, whether it's a one time thing or an annual tax, will take more from a lump sum than from the annuity payments, right?
Feb 14, 2014, 4:41 am - KY Floyd - Lottery Discussion Forum

if PB/MM was changed from lump sum to annuity only going forward- would you still play?Reply
Absolutely, I'm still undecided about if I would take the cash option or annuity now. I guess it depends on how much.
Feb 13, 2014, 3:43 pm - Mattapan - Lottery Discussion Forum

Why Do You Think Lottery Winners Always Take The Cash Option?Reply
Unless the plan is to keep your money in a safe, never in an interest-yielding bank account and never to invest in anything, to simply live on the jackpot amount won, that would be the only time the annuity would be a better option than the cv. That could very well be the only logical reason for taking the annuity.
Feb 13, 2014, 3:11 pm - Jill34786 - Lottery Discussion Forum

Why Do You Think Lottery Winners Always Take The Cash Option?Reply
Another good point. I'd have been shocked if Gloria took the annuity.
Feb 12, 2014, 7:04 am - Teddi - Lottery Discussion Forum

is there any scenario where you take annual payments over the Lump sum?Reply
NO ANNUITY----------Cash Only....Don't trust the federal government one bit to keep the tax level at/near 39.6 % over the next 30 years.
Feb 5, 2014, 5:21 pm - CDanaT - Lottery Discussion Forum

The Power Play multiplier returns to PowerballReply
... my dream potential is MUCH higher (and farther reaching) with the solo row PB and MM w/multiplier ticket vs. scratch-offs purchases each week. Plus, the 2nd prize MM and PB isn't annuity payoff ... unlike MOST of the expensive 1st prize annuity scratch-off tickets.
Jan 23, 2014, 12:07 am - HaveABall - Lottery News