$25M Powerball ticket held by state man

If you hit the $25 mil.....you should get the $25 mil...less taxes. The state "advertises" the prize as $25 million, not $12.5 mil. So that is what should be paid out.
Government runs the biggest scams.

Congrads...
But not a smart man, 3/4 went straight to taxes.Lump sum is the worst option.It goes right back to the state.Feds are happy!

25 million dollar win,took lump sum of 12.5 million. where did other 12.5 million go? after taxes he gets 8.7 million. ok i understand the taxed portion, but where did that other 12.5 go? can someone explain that to me?

GreenGreens wrote:

Congrads...
But not a smart man, 3/4 went straight to taxes.Lump sum is the worst option.It goes right back to the state.Feds are happy!

Your not the smart one...12.5 mil is missing from the prize. He paid taxes on 12.5 mil...not 25 mil.

Taking a lump sum payment is the ideal way of receiving your payout. It's ok to pay the gov't ONCE, not twice.
He should pay off ALL his debt, put $100,000 into a tax free money market and the balance into tax free municipal bonds. That way he avoids ANY further taxation by the leeches we call government.

Hey I would be happy with 8+ million. If he took it in twenty year payments who knows what would have happened. Good luck to him!

Lump is the better option. its a different amount "figure the other 12.5" would of been sort of interest over the many years of payment. 8.7 million is a lot of money.... a greed shall not overcome you.... you can quickly make it grow past the 25mil mark with that much sum in hand.... best wishes

When you win the lottery, the winning payout, 25 million, is based on a 20 or 25? year payout. What the Lottery companies do is invest the money over the payout period which addes up to 25 million. So the actual lottery (in money) is 12 million invested in a low risk investment plan over the term of payouts, which after all investment adds up to 25 million. You will still have to pay taxes each and every year you recieve a payment. When you take the 12 million (cash) you can reinvest it yourself and come out making way more then the 25 million. It is all spelled out in the terms of each lottery.

GreenGreens wrote:

Congrads...
But not a smart man, 3/4 went straight to taxes.Lump sum is the worst option.It goes right back to the state.Feds are happy!

Wrong, a smart man will invest it wisely and earn more than he would have received if he took it over time.

pwilson wrote:

<quoted text>Your not the smart one...12.5 mil is missing from the prize. He paid taxes on 12.5 mil...not 25 mil.

Sorry...thought you meant me.

pwilson wrote:

If you hit the $25 mil.....you should get the $25 mil...less taxes. The state "advertises" the prize as $25 million, not $12.5 mil. So that is what should be paid out.
Government runs the biggest scams.

You would not write that if you had won. You are a loser.

at least someone in CT won, won't some of the tax money go to the state? It's nice to see someone here win instead of always from some other part of the country. Well don't I wish it was me who won. oh well!

Who was it who said "the lottery is a tax on idiots"

Of course, it you hit it, you won't care about people calling you names.

good luck, enjoy your riches, dont forget to bless your church, temple or whatever other religion you are!

$8.7 left out of $25 mil? WTF????
Thats bull shiet
All those taxes to support welfare mamas and lazy illegal immigrants and support a corrupt Govt

he smart, he will invest and make over 100 million with it, he will buy many commercial real estate and invest in new bank stock! you are the fool to say to him bad names! go back into your denzins fool of America!

"The odds of matching the jackpot prize are one in 195,249,054."

What a coincidence; those are the same odds as electing an honest politician!!!!

Jack
Very true in Bridgeport and Connecticut.

You are all retarted who cares get bent who hoo

Smith wrote:

<quoted text>
Wrong, a smart man will invest it wisely and earn more than he would have received if he took it over time.

Your "assuming" he will invest.Unless he has a plan,it's tough to argue 1+ mill (pretax) for the next 20yrs.