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TranceAddict Forums > Main Forums > Chill Out Room > Mega Millions jackpot reaches $500 million
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UWM
mandroid



Registered: Mar 2001
Location: Here

quote:
Originally posted by ShabbaRANNx
Not trying to shit on everyone's strawberry's but does anyone realize you won't see even close to that amount if you won?

Firstly, you only get the full amount $640 if you agree to take it split into 30 x annual payments.

If you go for the lump sum, then you get 50% of it, meaning $320m.

Sure that's still a lot of money, but then you could be taxed close to 40% in federal taxes, then it's likely state taxes will apply. Then there's capital gains on any interest and let's not forget, your expenditure just for living is going to skyrocket (24/7 managed security, ID theft protection, need to move house (I mean you're really going to live in the same hovel?) and all those vintage cars are going to be expensive to maintain....I could go on but you get the point; the more you win, the more expensive life will get.


Cash option is not 50%.

Old Post Mar-30-2012 21:13 
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Zharen
Put down the plate



Registered: Mar 2003
Location: On a spit of sand we call Earth

quote:
Originally posted by EddieZilker
I was actually joking but I really think even the most decent person with that kind of scratch would have a hard time avoiding its implicit moral hazards. I know they've done psychological evaluations of people who have gotten large amounts of cash and found that they are as happy and content as someone who has recently been involved in a serious automobile accident. The unfortunate thing about having all that money is no one is protected against all the bullshit that comes with having it along with the con-artists that are lined up around the block, waiting to take it from you. There's no doubt, I could probably solve a lot of problems with that kind of cash but there are still problems that occur for having it. In a lot of regards, I think there's some truth to the old Persian curse: that no one is more miserable than the man who has everything he wants.


Your posts consistently amaze me.

Old Post Mar-30-2012 21:28  United States
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Banora
Supreme tranceaddict



Registered: Dec 2008
Location: Sushipunk Army HQ
Re: Mega Millions jackpot reaches $500 million

quote:
Originally posted by Vector A

What would you do with that kind of money?



If I win I am going to buy the rights to Twilight, make another movie/book where all the vampires die, pay for Kristen Stewart's acting lessons, then buy a pony and ride off into the sunset.


___________________


quote:
Originally posted by ziptnf
I probably wake up QWOPing.

Old Post Mar-30-2012 21:42  Denmark
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Banora
Supreme tranceaddict



Registered: Dec 2008
Location: Sushipunk Army HQ

I hope he wins.


___________________


quote:
Originally posted by ziptnf
I probably wake up QWOPing.

Old Post Mar-30-2012 22:31  Denmark
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OrangestO
–30–



Registered: Feb 2010
Location:



Old Post Mar-30-2012 22:42 
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tubularbills
Max Power!



Registered: Apr 2003
Location: Middle of fucking nowhere

So I bought a few tickets. big whoop.

Old Post Mar-31-2012 01:21  United States
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floyd741
addict



Registered: Dec 2008
Location: Chicago

bought 10, 640 million fuck yeah


___________________
"I pay no attention whatever to anybody's praise or blame. I simply follow my own feelings." -Wolfgang Amadeus Mozart
Soundcloud

Old Post Mar-31-2012 03:03  United States
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Newport
Suspended User



Registered: Mar 2012
Location: Newport Beach, Ca

I bought 100 tickets and won a dollar.

Old Post Mar-31-2012 03:31  United States
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tubularbills
Max Power!



Registered: Apr 2003
Location: Middle of fucking nowhere

quote:
Originally posted by Newport
I bought 100 tickets and won a dollar.


this is incorrect, because the lowest amount you can win on megamillions is $2

unless you count the $1 you already spent, then yeah I guess you'd technically only win $1 to make a total of $2

Old Post Mar-31-2012 03:47  United States
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Sushipunk
Flickering, I roam



Registered: Sep 2006
Location: Chateau Verdafloor

quote:
Originally posted by tubularbills
this is incorrect, because the lowest amount you can win on megamillions is $2


Pretty sure this is Chlola though. I truly believe that she could do it.


___________________

Old Post Mar-31-2012 04:00  Australia
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raveed
- -



Registered: Apr 2003
Location: San Jose, California

Bought 10 tickets - one of them started with the number 2 and my heart stopped for a second. Then reality slowly dawned all the way up till the last number.

So does hitting 2 numbers out of 6 in 1 ticket mean 640 million/ 4 ?

Old Post Mar-31-2012 04:09  India
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Imagin
Supreme tranceaddict



Registered: Jul 2007
Location: Baltimore, Maryland

Someone here in Baltimore won the jackpot


___________________
I will never be forgotten. I will only fade as time goes on from your conscious thoughts

Old Post Mar-31-2012 07:19  United States
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TranceAddict Forums > Main Forums > Chill Out Room > Mega Millions jackpot reaches $500 million
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