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

Kenbushway · November 25 2012, 07:26 AM

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).

Mr. Laser Beam · November 25 2012, 07:29 AM

After taxes, there probably wouldn't be much of it left anyway...

sojourner · November 25 2012, 08:20 AM

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.

Locutus of Bored · November 25 2012, 11:49 AM

Mr. Laser Beam wrote:

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

Collingwood Nick · November 25 2012, 01:36 PM

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

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

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

What could you do with a 425 million dollar lottery win

OdoWanKenobi · November 25 2012, 06:26 PM

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

Destroy my enemies, and then finance Firefly/Serenity sequels.

Kenbushway · November 25 2012, 08:25 PM

1001001 wrote:

Destroy my enemies, and then finance Firefly/Serenity sequels.

I like this plan best of all.

RandyS · November 25 2012, 09:17 PM

Suddenly find myself with friends I never knew I had.

OdoWanKenobi · November 25 2012, 09:53 PM

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

^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

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.

November 25 2012, 07:29 AM	#2
Mr. Laser Beam Fleet Admiral Location: The visitor's bullpen	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.

November 25 2012, 08:20 AM	#3
sojourner Vice Admiral 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...

November 25 2012, 01:36 PM	#5
Collingwood Nick Vice Admiral	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 like you, lets be friends

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

November 25 2012, 04:37 PM	#7
Warp Coil Rear Admiral 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

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November 25 2012, 07:26 AM	#1
Kenbushway Commander Location: Georgia	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). __________________ For great info on do-it-yourself auto repair and maintenance: www.ericthecarguy.com (warning: When getting into the harder areas some car knowledge is recommended)

November 25 2012, 04:49 PM	#8
Gaith Rear Admiral Location: Starfleet Command, The City that Knows How	Re: Powerball. What could you do with a 425 million dollar lottery win *What could you do with a 425 million dollar lottery win*

November 25 2012, 06:26 PM	#9
OdoWanKenobi Shapeshifting Jedi Location: Gotham City	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. __________________ I'm Commander Shepard, and this is my favorite thread on the TrekBBS.

November 25 2012, 07:09 PM	#10
1001001 Putting the F-U Back in FUN! 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

November 25 2012, 09:17 PM	#12
RandyS Vice Admiral Location: Randyland	Re: Powerball. What could you do with a 425 million dollar lottery win Suddenly find myself with friends I never knew I had.

November 25 2012, 09:53 PM	#13
OdoWanKenobi Shapeshifting Jedi Location: Gotham City	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. __________________ I'm Commander Shepard, and this is my favorite thread on the TrekBBS.

November 25 2012, 10:00 PM	#14
Snaploud Admiral 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.

November 25 2012, 10:08 PM	#15
Miss Chicken Little three legged cat with attitude 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. __________________ Big Brother, the people are watching YOU