DislikedOff topic: US Powerball lottery for $1.76 billion was won by 1 ticket in California. Talk about life changing consequences.Ignored
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DislikedOff topic: US Powerball lottery for $1.76 billion was won by 1 ticket in California. Talk about life changing consequences.Ignored
Disliked{quote} yup even after the taxes they’d pay it’s enough for a few generations!Ignored
According to Powerball, $756 million for a cash payout and after tax in California you are looking at $437 million. If you move to another state with the annuity options the taxes change.
Still somewhat significant but one hell of a haircut from 1.76 billionj!
Disliked{quote} yup even after the taxes they’d pay it’s enough for a few generations!Ignored
Disliked{quote} There are two issues. One is taxes which depends on which state you live in and the other is payout. You get the full amount if you take the 30 year payout option: Powerball winner: Annuity or cash option How it works: Powerball jackpot winners can choose an "annuity option" or a lump sum cash payout. The annuity option is an annual payout over 30 years, with the sum paid out rising by 5% each year. The jackpot size is not the amount in the prize...Ignored
Disliked{quote} wow that’s a lot of tax! I’d go with the 30 year option as all that money in one hit and I’d go loopy!Ignored
Disliked{quote} Depends on how old you are. You are looking at about $50 million per year 'income' before tax. As a UK resident you would want to look at the tax treaties between the UK and US very carefully! You might qualify to get a refund on some or all of the taxes.Ignored
DislikedI'm seeing some bullish exhaustion signs due to 5 - 6 days of consecutive buying... One sell candle may wipe out these buy candles... Sold 1.2328... target 1.2288.Ignored
Disliked{quote} Or simply setup a trust where all funds goes in. You dont taxed as an individual. Dont know if it is possible for jackpot earnings.Ignored
Disliked{quote} we must be ready for manipulation, Israel, Ukraine, so many to manipulate the price, I will be opening net of positions till 1900 if go there to gap close target, trade safeIgnored
Disliked{quote} There are rules about the payout going to a living individual, not an estate, trust, dependent, spouse and so on.Ignored
Disliked{quote} There are rules about the payout going to a living individual, not an estate, trust, dependent, spouse and so on.Ignored
Disliked{quote} Thought there would be a string attached to the payout. Well in that case i'd move to Bahamas or cayman island. With that kind of money, directly become a citizenIgnored