ccastro02
Supporter
- Jun 27, 2007
- 4,495
- 11,304
The OFFICIAL Powerball and Megamillions thread:
- May 17, 2011
- 4,071
- 1,243
This craziness again.
- Sep 1, 2007
- 8,131
- 618
my body is ready...getting a pool together with family and friends. and of course buying separate tickets
here is my plan if I win
Jackpot $213,000,000.00 Checking $14,000,000.00
taxes $85,200,000.00 house-Plainfield $750,000.00
tithes $21,300,000.00 downtown condo $600,000.00
savings $60,000,000.00 Viper $125,000.00
checking $14,000,000.00 Benz CL550 $125,000.00
friends $5,000,000.00 Lambo lease $150,000.00
Capital investment $1,500,000.00 debt $300,000.00
Philanthropy $1,000,000.00 shopping $100,000.00
Parents/Sis $5,000,000.00 wifey $1,000,000.00
family $20,000,000.00 Second Savings acct (int for living expenses) $10,000,000.00
$-
checking acct $850,000.00
Savings in 15 years $80,752,100.30
here is my plan if I win
Jackpot $213,000,000.00 Checking $14,000,000.00
taxes $85,200,000.00 house-Plainfield $750,000.00
tithes $21,300,000.00 downtown condo $600,000.00
savings $60,000,000.00 Viper $125,000.00
checking $14,000,000.00 Benz CL550 $125,000.00
friends $5,000,000.00 Lambo lease $150,000.00
Capital investment $1,500,000.00 debt $300,000.00
Philanthropy $1,000,000.00 shopping $100,000.00
Parents/Sis $5,000,000.00 wifey $1,000,000.00
family $20,000,000.00 Second Savings acct (int for living expenses) $10,000,000.00
$-
checking acct $850,000.00
Savings in 15 years $80,752,100.30
jhawk826
Banned
- May 31, 2006
- 3,001
- 621
I'll pick up a ticket tomorrow.
Surprised that you'd leave that much to your family. If I won, I'm setting up a fund in which each member gets a certain amount and nothing after. I'd set it up through a lawyer so that I don't have to get involved.
Tithes.
Surprised that you'd leave that much to your family. If I won, I'm setting up a fund in which each member gets a certain amount and nothing after. I'd set it up through a lawyer so that I don't have to get involved.
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- Mar 13, 2009
- 3,376
- 183
damn. i gotta play the lotto this weekend. let's get it!
- Sep 1, 2007
- 8,131
- 618
@J, gotta take care of family. I'm making all my loved ones millionaires so they know not to come ask for more.
- Sep 1, 2007
- 8,131
- 618
I also will give the first 250 Nters $1k each when I make my victory announcement
dauldierce
Banned
- Apr 5, 2012
- 1,924
- 243
i'll buy 5 lucky NT'ers 2012 NISSAN GTR's. Delivered to your crib all paid for.
- Jul 7, 2011
- 7,728
- 3,808
I got the first 3 numbers straight in last nights drawing...was hype for a second. 
ccastro02
Supporter
- Jun 27, 2007
- 4,495
- 11,304
Here's a breakdown of the $325,000,000 jackpot from usamega.com
Powerball Jackpot for Sat, Nov 24, 2012
Annuity: $325,000,000
Cash: $212,800,000
Gross Prize: 30 average annual payments of $10,833,333
Lump-sum cash: $212,800,000
25% Federal Tax for annuity option - $2,708,333
25% Federal Tax for lump sump option - $53,200,000
Subtotal after federal taxes for annuity: $8,125,000
Subtotal after federal taxes for lump sump: $159,600,000
Subtotal after (average) state taxes for annuity: $7,583,333
Subtotal after (average) state taxes for lump sump: $148,960,000
After all federal and state taxes your net payout for annuity is: $227,449,990
After all federal and state taxes your net payout for lump sum is: $148,960,000
Powerball Jackpot for Sat, Nov 24, 2012
Annuity: $325,000,000
Cash: $212,800,000
Gross Prize: 30 average annual payments of $10,833,333
Lump-sum cash: $212,800,000
25% Federal Tax for annuity option - $2,708,333
25% Federal Tax for lump sump option - $53,200,000
Subtotal after federal taxes for annuity: $8,125,000
Subtotal after federal taxes for lump sump: $159,600,000
Subtotal after (average) state taxes for annuity: $7,583,333
Subtotal after (average) state taxes for lump sump: $148,960,000
After all federal and state taxes your net payout for annuity is: $227,449,990
After all federal and state taxes your net payout for lump sum is: $148,960,000
- Mar 13, 2009
- 3,376
- 183
. that's A LOT of damn taxes. the lump sum net payout is less than half of winning jackpot. good god man.
ccastro02
Supporter
- Jun 27, 2007
- 4,495
- 11,304
dude is 148 million not enough for you? Chances are you couldn't spend all that even if you wanted too. How much more do you want? Unless of course you're into purchasing and building skyscrapers
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- Jan 19, 2002
- 23,475
- 5,603
I'd be scared to die within the next 30 years if I took the annuity payments
- Apr 27, 2009
- 19,563
- 6,839
lump sum
- Mar 13, 2009
- 3,376
- 183
dude is 148 million not enough for you? Chances are you couldn't spend all that even if you wanted too. How much more do you want? Unless of course you're into purchasing and building skyscrapers
of course 148 million is more than enough for me. I was just looking at how much taxes is taking out, I knew it was a lot but I didn't know it was that much. the numbers just surprised me. if I won 148 million i'm not complaining one bit.
- Sep 1, 2007
- 8,131
- 618
I wanna win so bad I'm just too hyped at the possibilities
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powerballin
Banned
- Nov 4, 2012
- 3,756
- 2,706
I approve of this thread
- Apr 30, 2010
- 69,861
- 106,686
Damn I'm always a fan of taking the lump sum due to depreciation, but that annuity looks pretty good. I don't really play this **** anyways.
ohmygosher
Banned
- Jul 18, 2012
- 8,072
- 2,447
I'd take the 7 mil annually.
- Jul 20, 2012
- 3,461
- 2,853
Lump sum:
Build a trust fund and Foundation for the family- scholarships for college, and hardship loans. Ain't know way in hell I would write checks for the simple fact we blood, kin or friends. Pretty much you writing checks for people to disappear out of your life for how ever long the money lasts.
Accounts in the top 4 tax havens of the world.
Build a trust fund and Foundation for the family- scholarships for college, and hardship loans. Ain't know way in hell I would write checks for the simple fact we blood, kin or friends. Pretty much you writing checks for people to disappear out of your life for how ever long the money lasts.
Accounts in the top 4 tax havens of the world.
- Jul 26, 2002
- 249
- 44
Audi S8
Porsche Cayenne Turbo
Ferrari 458
La Jolla house
Vail house
Lots of Hugo Boss
Lots of vacations
Lots of stocks & bonds
Porsche Cayenne Turbo
Ferrari 458
La Jolla house
Vail house
Lots of Hugo Boss
Lots of vacations
Lots of stocks & bonds
- Sep 1, 2007
- 8,131
- 618
Baise, where are these tax havens?
And does anyone know where you could get better interest rates? say 10%
And does anyone know where you could get better interest rates? say 10%
ccastro02
Supporter
- Jun 27, 2007
- 4,495
- 11,304
If i win all of the following will be copped:
View media item 136057View media item 136056View media item 136053View media item 136054View media item 136055View media item 143915
And of course hundreds of pairs of my favorite jordans and nikes.
In total the following will probably cost me about 7 million. about 20 million will be given away to family and some friends. I will probably save about 20 million for myself, and the rest will be invested.
View media item 136057View media item 136056View media item 136053View media item 136054View media item 136055View media item 143915
And of course hundreds of pairs of my favorite jordans and nikes.
In total the following will probably cost me about 7 million. about 20 million will be given away to family and some friends. I will probably save about 20 million for myself, and the rest will be invested.
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- Jun 7, 2009
- 7,364
- 2,893
cyprus, lichtenstein, panama, seychelles, san marino are soverign tax havens meaning they don't answer to a big brother (ie territories, colonies, kingdom etc)
- Jul 19, 2006
- 7,280
- 3,039
Must win.
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