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wolfy42 10/18/18 9:23:20 PM #51: |
slacker03150 posted...
where are you guys getting your number from? You get a lot more than 175-200 million if you win the jackpot The chances of winning both the mega millions and the powerball are insanely small (1 in some quintillion or something crazy). We are using just the number if you win the 600 mill mega millions portion (which is basically the best possible option) and even then we are saying ONLY you win, which is statistically extremely unlikely. The payout is about half (a bit more then half but whatever)..or at least that is what it said on a website that talked about it, perhaps it has changed a bit (think someone said the payout was actually more now), then your taxes (yeah you can get it down to only 45% or so), means that an original 600mill ends up being around or under 200 mill. And again with a number this high it's VERY likely there will be more then one winner. Meanwhile the point was that even if it was only you, you could still never buy every possible number and come out anywhere near ahead (you would be way behind) and the more people that win, the worse off you would be. Basically it's just throwing money away for million and millions of people with the very very very small chance that you will be the one to get a portion of that money back. Everyone would be way better off just putting all the money into a pot and having a random SS# drawn that gets the money (if they put money in the pot only). That would work out way better AND all the money would go to a person. In addition, you could have it be set up as a gift (Everyone is gifting the winner) which would help with taxes as well. --- "did you steal my f***in signature" Helly ... Copied to Clipboard!
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ernieforss 10/19/18 9:15:19 AM #52: |
DoubleOSnake posted...
Jen0125 posted...DoubleOSnake posted...Jen0125 posted...DoubleOSnake posted...what if you actually won? would it kinda make you very religious? I mean thinking along the lines of "someone up there must really like me" the jackpot winning ratio is on the back of the ticket. I want to say it's around 1 and 353 million. but some one wins it. it's most likely not going to be win you, but it still could be you if you play. --- I'm always 50% right all the time ... Copied to Clipboard!
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ernieforss 10/19/18 9:17:28 AM #53: |
wolfy42 posted...
slacker03150 posted...where are you guys getting your number from? You get a lot more than 175-200 million if you win the jackpot people have spent more money on loot boxes or xp booster or loan money to a friend. it's $2 for a chance of not worrying ever again. don't get me wrong if you spend $50+ on every lottery day it's wasting your money. But then again people spend $1000 on pokemon go a month. --- I'm always 50% right all the time ... Copied to Clipboard!
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rogerskg1979 10/19/18 9:21:36 AM #54: |
slacker03150 posted...
if I won and took the cash payout of 548m it would get taxed as income by both federal and state. It would actually be taxed as prize money, not income. There's a bit of a difference there. Prize money and bonuses are automatically taxed at the highest tax bracket regardless of whether your actual income is in a lower bracket. I get paid a quarterly bonus at my job. That bonus is taxed much more heavily than my regular income. My net bonus ends up being barely more than half my gross bonus. ... Copied to Clipboard!
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slacker03150 10/19/18 11:18:09 AM #56: |
rogerskg1979 posted...
slacker03150 posted...if I won and took the cash payout of 548m it would get taxed as income by both federal and state. Til, thanks. Sorry wolfy, I think we are talking about 2 different things. I am only talking about the 970m prize from megamillions which has a cash option of 548m. But even if you win in New York the worst state to win it in it would still be 297m so I am not sure how you are getting less than 200. That said, I am not talking about the likelihood of winning. If you buy a ticket you should expect to lose, but 2-10 bucks (depending on how many draws it takes to win when it is this high)every months isn't going to break most people. --- I am awesome and so are you. Lenny gone but not forgotten. - 12/10/2015 ... Copied to Clipboard!
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AllstarSniper32 10/19/18 12:06:14 PM #57: |
slacker03150 posted...
So my personal payout would be 358 million. a far cry from 970m sure, but if I take 8 million for personal expenditures and play money and invest the rest expecting modest returns averaging 5% after 30 years (the time it takes to pay out on the larger amount) you could have 1.5 billion. even if you decide to take out some once in a while you can still get to a billion easy enough once you have that kind of cash to start. but...why? Is $358 million really not enough for the rest of your life and probably most of the rest of your family/friends' lives? With that, I could give all the people close to me 1-2 million and I would still have more than enough to last the rest of my life. I do feel like you're talking more about just getting to the amount of money you were actually supposed to win since taxes on these things are stupid. --- If the people only understood the rank injustice of our money and banking systems, there would be a revolution before morning - Andrew Jackson ... Copied to Clipboard!
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slacker03150 10/19/18 12:34:31 PM #58: |
AllstarSniper32 posted...
slacker03150 posted...So my personal payout would be 358 million. a far cry from 970m sure, but if I take 8 million for personal expenditures and play money and invest the rest expecting modest returns averaging 5% after 30 years (the time it takes to pay out on the larger amount) you could have 1.5 billion. even if you decide to take out some once in a while you can still get to a billion easy enough once you have that kind of cash to start. I would go Brewster's millions on the prize money. You are right I just meant that in response to the people complaining you don't get the 900 million so it's not worth it. --- I am awesome and so are you. Lenny gone but not forgotten. - 12/10/2015 ... Copied to Clipboard!
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aDirtyShisno 10/19/18 2:37:39 PM #59: |
DoubleOSnake posted...
Jen0125 posted...DoubleOSnake posted...what if you actually won? would it kinda make you very religious? I mean thinking along the lines of "someone up there must really like me" Astronomical!? Great, now youre trying to turn everyone into Scientologists... --- Que sera, sera. Whatever happens, happens. ...and he was never heard from again. ... Copied to Clipboard!
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Revelation34 10/19/18 6:15:28 PM #60: |
AllstarSniper32 posted...
ut...why? Is $358 million really not enough for the rest of your life and probably most of the rest of your family/friends' lives? With that, I could give all the people close to me 1-2 million and I would still have more than enough to last the rest of my life. With that amount you could also give 5-10 family members 5 million and not have to worry about giving away too much. --- Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms ... Copied to Clipboard!
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Yellow 10/19/18 6:21:25 PM #61: |
No offense Jen, but the lottery is literally a stupid tax.
... Copied to Clipboard!
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Revelation34 10/19/18 6:22:07 PM #62: |
Yellow posted...
No offense Jen, but the lottery is literally a stupid tax. Only if you win. --- Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms ... Copied to Clipboard!
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ReggieTheReckless 10/19/18 6:28:00 PM #63: |
I can afford to waste 10 bucks on a one in 350million longshot
If I win, I promise that I'll buy a sick bmx bike and ride around on it while giving you all the finger ... Copied to Clipboard!
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Ogurisama 10/19/18 6:30:45 PM #64: |
ReggieTheReckless posted...
I can afford to waste 10 bucks on a one in 350million longshot Thats how i see it. Droping $10 a week even on the lottery isnt alot. There are people who drop $100s a day on alchohol drugs or gambling. --- ... Copied to Clipboard!
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Yellow 10/19/18 6:31:27 PM #65: |
But you won't.
You can pretty much group your odds of winning with your odds of dying violently at like 1/10000, and then 1/1000000 for winning the lottery. You might hit that 1/10000, but you have a 1/100 survival rate anyway at that point anyway. ... Copied to Clipboard!
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Jen0125 10/19/18 8:55:14 PM #66: |
Yellow posted...
No offense Jen, but the lottery is literally a stupid tax. i only ever buy like $10 worth when it gets over $500m so it's no skin off my back. --- https://imgur.com/4ihiyS2 "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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Jen0125 10/19/18 10:53:46 PM #67: |
it's almost time
--- https://imgur.com/4ihiyS2 "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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DoubleOSnake 10/19/18 11:10:24 PM #69: |
Jen0125 posted...
it's almost time don't get super excited, your odds are like 300 mil to 1. How many did you buy anyway? --- "Kojima, the man who trolled the world" ... Copied to Clipboard!
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Mead 10/19/18 11:13:21 PM #70: |
So many people always try to point out the low odds of winning the lottery as if it isnt very common knowledge
Make sure and point out that Panda Express isnt authentic Chinese food when youre done --- If they drag you through the mud, it doesnt change whats in your blood ... Copied to Clipboard!
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wolfy42 10/19/18 11:19:29 PM #71: |
Panda express isn't authentic food....er I mean Chinese.
--- "did you steal my f***in signature" Helly ... Copied to Clipboard!
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Monopoman 10/19/18 11:57:12 PM #72: |
Ogurisama posted...
ReggieTheReckless posted...I can afford to waste 10 bucks on a one in 350million longshot Just because you can find something that is an even more ridiculous expense does not justify it. I don't waste money just because some rich assholes drop like 20 grand in one casino gambling binge. I don't smoke and I could easily justify almost any expense with how much some waste on cigarettes. --- BF ID: Birck #1559845599 Leads: Elaina, Nia, Tsovinar ... Copied to Clipboard!
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Jen0125 10/20/18 12:02:55 AM #73: |
i didn't win
i'm shocked it has to be because my boyfriend accidentally bought powerball tickets instead of mega millions that fucking asshole --- https://imgur.com/4ihiyS2 "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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Yellow 10/20/18 1:16:49 AM #74: |
Well at least you had fun.
... Copied to Clipboard!
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Jen0125 10/20/18 1:26:34 AM #75: |
now if no one won i have to spend more money
BS man --- https://imgur.com/4ihiyS2 "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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#76 | Post #76 was unavailable or deleted. |
DoubleOSnake 10/20/18 1:33:54 AM #77: |
Jen0125 posted...
now if no one won i have to spend more money just buy 1 of em like me --- "Kojima, the man who trolled the world" ... Copied to Clipboard!
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WizardofHoth 10/20/18 2:45:47 AM #78: |
If I won the Mega Millions or Powerball, id quit going to the Gamefaqs messageboards for good.
Id be doing better things such as road trips and paying off bills and eating out all the time ... Copied to Clipboard!
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Yellow 10/20/18 2:49:08 AM #79: |
WizardofHoth posted...
If I won the Mega Millions or Powerball, id quit going to the Gamefaqs messageboards for good. You'd be back in a year. ... Copied to Clipboard!
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wolfy42 10/20/18 3:25:24 AM #80: |
Would you have won with those number if it had been the mega millions? If not, then just have lots of sex with your boyfriend and you both win.
--- "did you steal my f***in signature" Helly ... Copied to Clipboard!
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AllstarSniper32 10/20/18 4:53:57 AM #81: |
WizardofHoth posted...
If I won the Mega Millions or Powerball, id quit going to the Gamefaqs messageboards for good. I'd have to stay, just to post random pictures of money in ridiculous ways. --- If the people only understood the rank injustice of our money and banking systems, there would be a revolution before morning - Andrew Jackson ... Copied to Clipboard!
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Jen0125 10/20/18 1:47:55 PM #82: |
wolfy42 posted...
Would you have won with those number if it had been the mega millions? If not, then just have lots of sex with your boyfriend and you both win. wtf? why would you even type this out, read it and think, "yeah this is good let me post that" anyway no one won the mega millions so it's up to $1.6bn --- https://imgur.com/4ihiyS2 "I am not gay! Can't you get that through your head? I am very much aroused at the site of a naked woman!" - Dan0429 ... Copied to Clipboard!
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WizardofHoth 10/20/18 4:32:23 PM #83: |
Next week if noone wins Mega Millions on Tuesday night im going to buy a couple of Mega Millions tickets. One ticket with random numbers while another ticket with my lucky numbers
... Copied to Clipboard!
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wolfy42 10/20/18 4:38:39 PM #84: |
Haven't looked it up but doesn't the increase each time represent a portion of the money received the previous time?
So basically over 600 million tickets were purchased and nobody won. Not sure what the percentage is, but man, I wish private citizens could set up lotteries like this. Come on everyone give me a $1 and you'll have a chance to win the entire pot (minus just 10% for my efforts!!!). --- "did you steal my f***in signature" Helly ... Copied to Clipboard!
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JOExHIGASHI 10/20/18 4:50:53 PM #85: |
wolfy42 posted...
Haven't looked it up but doesn't the increase each time represent a portion of the money received the previous time? I think that's illegal You can have non cash prizes --- Next Xbox will be named Xbox1 2 ... Copied to Clipboard!
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Mead 10/20/18 4:52:36 PM #86: |
People call the lottery the idiot tax but really the government taxes your money at every turn no matter what you do with it
At least with the lotto some person ends up with a huge prize --- If they drag you through the mud, it doesnt change whats in your blood ... Copied to Clipboard!
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#87 | Post #87 was unavailable or deleted. |
ReggieTheReckless 10/20/18 5:08:17 PM #88: |
Zangulus posted...
It was usually $300,000+ holy fuck balls... how did he get that many people to buy into this thing at 250 bucks a piece?! normally I only hear people shelling out money like that for pools with only their close friends. I dont think I would trust some strange guy advertising such a thing ... Copied to Clipboard!
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Revelation34 10/20/18 5:34:48 PM #89: |
WizardofHoth posted...
If I won the Mega Millions or Powerball, id quit going to the Gamefaqs messageboards for good. Yes. This is why I don't believe anybody who claims they are rich while posting on here. wolfy42 posted... Haven't looked it up but doesn't the increase each time represent a portion of the money received the previous time? They're illegal. They do exist though. Zangulus posted... I knew a guy who ran a Football picking league. He charged $250 a person and you had to pick every winner of every game throughout the season. Whoever ended up with the longest streak won the pot. It was usually $300,000+. He didnt take a percentage, but a tip was appreciated. He made 6 figures doing that, by driving from New York to Florida selling it every year. How the fuck wasn't he caught yet the other guy was? --- Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms ... Copied to Clipboard!
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Ogurisama 10/20/18 6:21:49 PM #92: |
Zangulus posted...
ReggieTheReckless posted...Zangulus posted...It was usually $300,000+ Speaking of mobrelated stuff, wonder how many camgirls are being trafficked by the mob. --- ... Copied to Clipboard!
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Revelation34 10/20/18 7:00:55 PM #93: |
Zangulus posted...
What other guy? http://www.espn.com/nfl/story/_/id/21713582/federal-agents-seize-documents-money-ron-mike-football-pool-large-survivor-pool --- Gamertag: Kegfarms, BF code: 2033480226, Treasure Cruise code 318,374,355, Steam: Kegfarms ... Copied to Clipboard!
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aDirtyShisno 10/20/18 7:28:30 PM #94: |
JOExHIGASHI posted...
wolfy42 posted...Haven't looked it up but doesn't the increase each time represent a portion of the money received the previous time? You can have cash prizes. The illegal part is charging for it. The magic words: No purchase necessary. --- Que sera, sera. Whatever happens, happens. ...and he was never heard from again. ... Copied to Clipboard!
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#95 | Post #95 was unavailable or deleted. |
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