RSS iconTwitter iconFacebook icon

The Trek BBS title image

The Trek BBS statistics

Threads: 140,957
Posts: 5,480,115
Members: 25,057
Currently online: 483
Newest member: Ghost_of_Bubba

TrekToday headlines

USS Enterprise Press-Out And Build Manual
By: T'Bonz on Nov 28

New QMx USS Reliant Model
By: T'Bonz on Nov 28

Star Trek Thirty-Five Years On 35MM: A Retrospective
By: T'Bonz on Nov 28

Trek Shirt And Hoodie
By: T'Bonz on Nov 27

A Klingon Christmas Carol’s Last Season
By: T'Bonz on Nov 27

Attack Wing Wave 10 Expansion Pack
By: T'Bonz on Nov 27

New Star Trek Funko Pop! Vinyl Figures
By: T'Bonz on Nov 26

QMx Mini Phaser Ornament
By: T'Bonz on Nov 26

Stewart as Neo-Nazi Skinhead
By: T'Bonz on Nov 26

Klingon Bloodwine To Debut
By: T'Bonz on Nov 25


Welcome! The Trek BBS is the number one place to chat about Star Trek with like-minded fans. Please login to see our full range of forums as well as the ability to send and receive private messages, track your favourite topics and of course join in the discussions.

If you are a new visitor, join us for free. If you are an existing member please login below. Note: for members who joined under our old messageboard system, please login with your display name not your login name.


Go Back   The Trek BBS > Lounges & General Chat > Miscellaneous

Miscellaneous Discussion of non-Trek topics.

Reply
 
Thread Tools
Old November 25 2012, 07:26 AM   #1
Kenbushway
Captain
 
Kenbushway's Avatar
 
Location: Georgia, USA
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).
__________________
"The typical investor would be better off if his stocks had no market quotations at all, for he would be spared the mental anguish caused him by other persons' mistakes of judgement."
Benjamin Graham - The Intelligent Investor Chpt 8.
Kenbushway is offline   Reply With Quote
Old November 25 2012, 07:29 AM   #2
Mr. Laser Beam
Fleet Admiral
 
Mr. Laser Beam's Avatar
 
Location: The visitor's bullpen
View Mr. Laser Beam's Twitter Profile
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...
__________________
It is by caffeine alone I set my mind in motion. It is by the beans of Java that thoughts acquire speed, the hands acquire shakes, the shakes become a warning. It is by caffeine alone I set my mind in motion.
Mr. Laser Beam is offline   Reply With Quote
Old November 25 2012, 08:20 AM   #3
sojourner
Admiral
 
sojourner's Avatar
 
Location: I'm at WKRP
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.
__________________
Baby, you and me were never meant to be, just maybe think of me once in a while...
sojourner is offline   Reply With Quote
Old November 25 2012, 11:49 AM   #4
Locutus of Bored
Easy Raptor
 
Locutus of Bored's Avatar
 
Location: Get Your Raptor Runnin', Head Out on the Highway
Re: Powerball. What could you do with a 425 million dollar lottery win

Mr. Laser Beam wrote: View Post
After taxes, there probably wouldn't be much of it left anyway...
With a $425 million dollar jackpot, a single winner’s one-time lump sum cash payout would be $278,300,000.



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
Locutus of Bored is offline   Reply With Quote
Old November 25 2012, 01:36 PM   #5
Collingwood Nick
Vice Admiral
 
Collingwood Nick's Avatar
 
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.
__________________
"I will never coach against my boys"
Collingwood Nick
Collingwood Nick is offline   Reply With Quote
Old November 25 2012, 02:42 PM   #6
Lindley
Moderator with a Soul
 
Location: Fairfax, VA
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.
__________________
Lead Organizer for EVN: Firefly.
"So apparently the really smart zombies have automatic weapons!"
-Torg, Sluggy Freelance
Lindley is offline   Reply With Quote
Old November 25 2012, 04:37 PM   #7
Warp Coil
Rear Admiral
 
Warp Coil's Avatar
 
Location: MD, USA
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.
__________________
"I managed to find Uno and Checkers, and also parts of Battleship and most of the pieces of Candy Land, which I figure, I can mix together to create a fabulous new game, CandyShipBattleLand. War never tasted so good." - Lorelai Gilmore
Warp Coil is offline   Reply With Quote
Old November 25 2012, 04:49 PM   #8
Gaith
Rear Admiral
 
Gaith's Avatar
 
Location: Washington, DC
Re: Powerball. What could you do with a 425 million dollar lottery win

What could you do with a 425 million dollar lottery win






Gaith is offline   Reply With Quote
Old November 25 2012, 06:26 PM   #9
OdoWanKenobi
Ring Slinger
 
OdoWanKenobi's Avatar
 
Location: Ysmault
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.
__________________
"In Brightest Day, in Blackest Night, no evil shall escape my sight. Let those who worship evil's might, beware my power: Green Lantern's light!"
OdoWanKenobi is offline   Reply With Quote
Old November 25 2012, 07:09 PM   #10
1001001
Let the Good Times Roll!!
 
1001001's Avatar
 
Location: People's Gaypublic of Drugafornia
Re: Powerball. What could you do with a 425 million dollar lottery win

Destroy my enemies, and then finance Firefly/Serenity sequels.
__________________
“There is a cult of ignorance in the United States...The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that 'my ignorance is just as good as your knowledge'.” - Isaac Asimov
1001001 is offline   Reply With Quote
Old November 25 2012, 08:25 PM   #11
Kenbushway
Captain
 
Kenbushway's Avatar
 
Location: Georgia, USA
Re: Powerball. What could you do with a 425 million dollar lottery win

1001001 wrote: View Post
Destroy my enemies, and then finance Firefly/Serenity sequels.
I like this plan best of all.
__________________
"The typical investor would be better off if his stocks had no market quotations at all, for he would be spared the mental anguish caused him by other persons' mistakes of judgement."
Benjamin Graham - The Intelligent Investor Chpt 8.
Kenbushway is offline   Reply With Quote
Old November 25 2012, 09:17 PM   #12
RandyS
Vice Admiral
 
RandyS's Avatar
 
Location: Randyland
View RandyS's Twitter Profile
Re: Powerball. What could you do with a 425 million dollar lottery win

Suddenly find myself with friends I never knew I had.
RandyS is offline   Reply With Quote
Old November 25 2012, 09:53 PM   #13
OdoWanKenobi
Ring Slinger
 
OdoWanKenobi's Avatar
 
Location: Ysmault
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.
__________________
"In Brightest Day, in Blackest Night, no evil shall escape my sight. Let those who worship evil's might, beware my power: Green Lantern's light!"
OdoWanKenobi is offline   Reply With Quote
Old November 25 2012, 10:00 PM   #14
Snaploud
Admiral
 
Snaploud's Avatar
 
Location: Massachusetts, USA
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.
Snaploud is offline   Reply With Quote
Old November 25 2012, 10:08 PM   #15
Miss Chicken
Little three legged cat with attitude
 
Miss Chicken's Avatar
 
Location: Howrah, Hobart, Tasmania
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.
Miss Chicken is offline   Reply With Quote
Reply

Bookmarks

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump



All times are GMT +1. The time now is 07:50 AM.

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