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20-year-old claims $451 million jackpot

This topic can be found at:
https://sigforum.com/eve/forums/a/tpc/f/320601935/m/1680080634

January 13, 2018, 04:51 PM
ChicagoSigMan
20-year-old claims $451 million jackpot
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.
January 13, 2018, 05:44 PM
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.
January 13, 2018, 06:11 PM
Woodman
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.
January 13, 2018, 06:48 PM
ChicagoSigMan
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.
January 14, 2018, 02:33 AM
homie

January 14, 2018, 04:16 AM
DoctorSolo
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