The Trek BBS

The Trek BBS (http://www.trekbbs.com/index.php)
-   Miscellaneous (http://www.trekbbs.com/forumdisplay.php?f=19)
-   -   Powerball. What could you do with a 425 million dollar lottery win? (http://www.trekbbs.com/showthread.php?t=195091)

Kenbushway November 25 2012 07:26 AM

Powerball. What could you do with a 425 million dollar lottery win?
 
Aside from the question. Wow this powerball amount is getting huge at a now whopping 425 million dollars. Imagine how it would be to win all that (Really 160 million after lump sum, but seriously anything over a 1,000 is golden).

George Steinbrenner November 25 2012 07:29 AM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
After taxes, there probably wouldn't be much of it left anyway...

sojourner November 25 2012 08:20 AM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Taxes will take, what, %35 of the lump sum? More if you live in a state that has income tax.

So, just to put a number grabbed out of air, $150million net.

I'd help Elon get to Mars, with the condition that I get a first class seat on the mission.

I Am Groot November 25 2012 11:49 AM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Quote:

Mr. Laser Beam wrote: (Post 7300414)
After taxes, there probably wouldn't be much of it left anyway...

With a $425 million dollar jackpot, a single winnerís one-time lump sum cash payout would be $278,300,000.

http://i492.photobucket.com/albums/r...ball-jackp.png

Depending on which state you purchased the ticket in, your state taxes can range from a low of 0% (California and some other states don't tax in-state lottery winnings) to a high of 10.8% (New Jersey).

Federal taxes would be 25% of the lump sum or $69,575,000. New Jersey (highest) state withholdings would be $30,056,400.

In California (0%), you'd take home $208,725,000. In New Jersey (10.8%), you'd take home $178,668,600
(not counting back taxes, outstanding student loans, mandated child support payments, etc. which they would collect as well).

Sounds like a pretty damn good chunk of change to me (especially since I live in California).

http://www.inquisitr.com/411183/powe...million-prize/
http://www.afterlotto.com/lottery_calculator.html

Collingwood Nick November 25 2012 01:36 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Not enough money to build a star ship, so I'd buy a couple of businesses, properties, then retire and go see the world.

Lindley November 25 2012 02:42 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Anything I want.....

....However, statistically speaking, this jackpot on Powerball is a lot less impressive than the same jackpot would be on Mega Millions, since Powerball tickets cost twice as much.

Warp Coil November 25 2012 04:37 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Invest/save 90% of it. Give some money to my immediate family so that they're taken care of. Then I'd probably quit my job and move somewhere completely different (and someplace with a warmer, dry climate). Buy a house (no McMansion or anything... just something nice and comfortable) and a couple of cars. Do some traveling. Eventually, I'd probably use some of the money for philanthropy and also donate quite a bit to animal welfare and environmental conservation.

Gaith November 25 2012 04:49 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
What could you do with a 425 million dollar lottery win



OdoWanKenobi November 25 2012 06:26 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Buy a house and a nicer car. I would try to start my own business, or maybe buy out the local comic shop.

1001001 November 25 2012 07:09 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Destroy my enemies, and then finance Firefly/Serenity sequels.

Kenbushway November 25 2012 08:25 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Quote:

1001001 wrote: (Post 7301815)
Destroy my enemies, and then finance Firefly/Serenity sequels.

I like this plan best of all.

RandyS November 25 2012 09:17 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
Suddenly find myself with friends I never knew I had.

OdoWanKenobi November 25 2012 09:53 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
That's the worst part about suddenly coming in to money. If I did, I would move into a completely different area, with people that don't know me or my name, keeping in contact with only a few close friends. I would never mention the money until people actually became my friends.

Snaploud November 25 2012 10:00 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
^Rule #1 about winning the lottery is keeping your mouth shut and asking the paper not to publish your name. Lottery winners would be a lot happier if they followed that advice.

Miss Chicken November 25 2012 10:08 PM

Re: Powerball. What could you do with a 425 million dollar lottery win
 
I would

1) buy my house
2) buy each of my sons, one of my sisters and my two best friends a house each and pay off my other sister's mortgage.
3) Start up trust funds for each of my sons
4) invest a couple of million so I would have a good annual income.

All that would account for about 6 million of the winnings. After that I would use the rest to start up a private charitable fund.


All times are GMT +1. The time now is 07:27 AM.

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
FireFox 2+ or Internet Explorer 7+ highly recommended.