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Mega Millions jackpot reaches $500 million (pg. 4)
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| UWM |
| quote: | Originally posted by ShabbaRANNx
Not trying to 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%. |
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| Zharen |
| 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 bull 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. |
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| Banora |
| quote: | Originally posted by Vector A
What would you do with that kind of money?
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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. |
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| Banora |
I hope he wins.
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| tubularbills |
| So I bought a few tickets. big whoop. |
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| floyd741 |
| bought 10, 640 million yeah |
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| Newport |
| I bought 100 tickets and won a dollar. |
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| tubularbills |
| 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 |
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| Sushipunk |
| 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. |
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| raveed |
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 ? :p |
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| Imagin |
| Someone here in Baltimore won the jackpot |
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