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20-year-old claims $451 million jackpot Login/Join 
ChicagoSigMan
Now in Florida
Picture of ChicagoSigMan
posted Hide Post
quote:
Originally posted by bendable:
one time, lump-sum payment in the amount of $281,874,999.00.
but I wonder if this amount is before or after taxes


It is before taxes. The state will withhold 25% and then the winner will be responsible for any remaining taxes due in the usual course of filing his annual tax return.
 
Posts: 6084 | Location: FL | Registered: March 09, 2009Reply With QuoteReport This Post
Wishbone
Member
Picture of Wishbone
posted Hide Post
quote:
Originally posted by ChicagoSigMan:
quote:
Originally posted by bendable:
one time, lump-sum payment in the amount of $281,874,999.00.
but I wonder if this amount is before or after taxes


It is before taxes. The state will withhold 25% and then the winner will be responsible for any remaining taxes due in the usual course of filing his annual tax return.


No State tax in Florida.
 
Posts: 946 | Location: Oklahoma | Registered: November 23, 2005Reply With QuoteReport This Post
Woodman
Nosce te ipsum
Picture of Woodman
posted Hide Post
quote:
Originally posted by bendable:
one time, lump-sum payment in the amount of $281,874,999.00.
but I wonder if this amount is before or after taxes


About $170 million after all the taxes on the books for 2017. I do not know the top rate for 2018, but if Forbes is accurate, he'll end up with about seven or eight million more.
 
Posts: 8759 | Registered: March 24, 2004Reply With QuoteReport This Post
ChicagoSigMan
Now in Florida
Picture of ChicagoSigMan
posted Hide Post
quote:
Originally posted by Wishbone:
quote:
Originally posted by ChicagoSigMan:
quote:
Originally posted by bendable:
one time, lump-sum payment in the amount of $281,874,999.00.
but I wonder if this amount is before or after taxes


It is before taxes. The state will withhold 25% and then the winner will be responsible for any remaining taxes due in the usual course of filing his annual tax return.


No State tax in Florida.


I know. I live there. But the lottery is paid out by the state and it withholds 25% to cover federal income tax liabilities.
 
Posts: 6084 | Location: FL | Registered: March 09, 2009Reply With QuoteReport This Post
homie
MEMBER
posted Hide Post
 
Posts: 635 | Registered: August 13, 2005Reply With QuoteReport This Post
DoctorSolo
Yew got a spider
on yo head
Picture of DoctorSolo
posted Hide Post
quote:
Originally posted by ASKSmith:
quote:
Originally posted by Balzé Halzé:
quote:
Originally posted by rscalzo:
quote:
You know what I'd do with $451 million? Two chicks at the same time.



It would take 451 million ????? Wow, maybe you should post a photo. Eek


Dude, your avatar is enormous.


Ever see the movie Office Space?

“Know what I’d do with a million dollars? Two chicks at the same time.”

“It would cost a million dollars???”

“Fuck yeah. The type of chicks that would double up on a dude like me.”


My avatar is Lewis, immediately after he says tew chicks at the same time. LOL
 
Posts: 5269 | Location: Colorado Springs | Registered: April 12, 2006Reply With QuoteReport This Post
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