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No winner on mega millions 3-27 Who's playin Friday?
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<blockquote data-quote="I GOT ONE MORE" data-source="post: 956503" data-attributes="member: 5997"><p>Just for fun......</p><p></p><p>Let's say your the winner holding a single ticket for the grand prize of the now current $640 million dollars.</p><p></p><p>Pretty cool. </p><p></p><p>$640m prize amount </p><p> 462 cash value lump sum</p><p> -161.7 federal tax at 35%</p><p> - 47.6 state tax at 10.3% (calif)</p><p> - 6.7 medicare at 1.45%</p><p> ssi tops out at 110k, so no real impact</p><p>________</p><p>$246m net</p><p></p><p>All numbers are best guess and likely not exact, but gives you an idea. The lottery withholds 20% fed, but the winner must still pay the other 15% at tax time.</p><p></p><p>$246m is life changing, but a far cry from $640m.</p></blockquote><p></p>
[QUOTE="I GOT ONE MORE, post: 956503, member: 5997"] Just for fun...... Let's say your the winner holding a single ticket for the grand prize of the now current $640 million dollars. Pretty cool. $640m prize amount 462 cash value lump sum -161.7 federal tax at 35% - 47.6 state tax at 10.3% (calif) - 6.7 medicare at 1.45% ssi tops out at 110k, so no real impact ________ $246m net All numbers are best guess and likely not exact, but gives you an idea. The lottery withholds 20% fed, but the winner must still pay the other 15% at tax time. $246m is life changing, but a far cry from $640m. [/QUOTE]
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No winner on mega millions 3-27 Who's playin Friday?
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