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Mega Millions $241mil Cash or AnnuityReply
current us debt is over 15 trillion and their adding to debt by trillions ever year now how do think their going to pay for this i give u a hint,obama and all dems want 241m annuity to pay more then 35%, they waNT more!.... BOTH sides are big spenders, american is NOT giving up its spend happy ways with dems or reps, only ron pual was hope to change things,and hes not going to win with idiots in both majority of putting people in charge the blind leading the blind or in thi
Mar 19, 2012, 2:12 pm - joshuacloak - Jackpot Games Forum

$241 MILLION: Mega Millions lottery frenzy ramps upReply
241 annuity or 171 cash. I dont care which one it is. Either way its more than ill be able to spend either way
Mar 18, 2012, 9:26 pm - alexnt55 - Lottery News

$241 MILLION: Mega Millions lottery frenzy ramps upReply
The answer is that you are not getting interest . You are getting a cash payment from the lottery as a part of the annuity stream. It is not interest to you. The payments are taxed as ordinary income. The state making the payments can tax you. Your state of residence will tax you. But there tax reciprocity agreements in place between states so that you don't get double-taxed.
Mar 18, 2012, 5:37 pm - chuck32 - Lottery News

$241 MILLION: Mega Millions lottery frenzy ramps upReply
Always take the cash! If the Dems have their way, the tax rate for the rich will go up! And the resulting inflation will kill your annuity!
Mar 18, 2012, 8:29 am - dpoly1 - Lottery News

$241 MILLION: Mega Millions lottery frenzy ramps upReply
There are actually some very good articles looking at Yield Curves that suggest that the annuity is better - not taking into account the interest question that I posted. I presume you don't know the answer to my question and thus decided to snark at me. I can snark back and say take a look at their broke asses years later to see how well their financial advisers advised them. It is a simple tax question and you don't know the answer. So , instead of ridiculing me ponder w
Mar 17, 2012, 10:05 pm - searching4luck - Lottery News

$241 MILLION: Mega Millions lottery frenzy ramps upReply
So if I win 200 million but take the annuity option and move to Switzerland I have to pay the state I purchased the ticket in for 25/26 years???? Some states on the East Coast are making out like a bandit on all these lottery wins
Mar 17, 2012, 6:51 pm - searching4luck - Lottery News

$200 MILLION: Mega Millions lottery jackpot soarsNews Story
By Todd Northrop Lottery players across the United States are buying their Mega Millions tickets in preparation for Friday's massive $200 million drawing. The cash value stands at a staggering $145.4 million. Lottery players typically think of the cash value as roughly half of the annuity estimate, but this Mega Millions cash value represents 73% of the annuity estimate. Friday's Mega Millions jackpot is the accumulation of 14 consecutive drawings without a top prize winner. The current
Mar 14, 2012, 9:57 am - Todd - Lottery News

New England states start new lottery game ThursdayReply
Early 30s. That's probably why I like the Win For Life games, though I'm not sure whether or not my age affects my opinion on the larger lump sum/annuity issue.
Mar 13, 2012, 9:12 pm - mediabrat - Lottery News

New England states start new lottery game ThursdayReply
I just wish they offered a lump sum for the jackpot say 5 mill ? If you stretch 7,000/wk over 20 years(the standard annuity garantee), you get 7.28mil 65%(the standard lump sum percentage) of which would be 4,732,000. Round it off to an even 5mil -taxes. This would give the older folks more incentive to play. I think they're alienating a large % of the lotto players by not having a lump sum option.
Mar 13, 2012, 3:25 pm - Bigheadnick - Lottery News

Question about Cash or AnnuityReply
but not a prize for matching 3 numbers with the 2nd line. You can still win multiple prizes on one ticket if the ticket has multiple bets. There probably are people that believe if they match 4 numbers, they should win the four 3 number prizes too so the lotteries made it clear in their rules only the top prize will be paid or something like that. The rules of the game say if there are more than one jackpot winning ticket, the jackpot will be split by that number. If there are two jackpo
Mar 11, 2012, 11:52 am - Stack47 - Lottery Discussion Forum