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Apr 30, 2024
12:01
:30
pm
Ycrazy
All-American
Oregon winner of 1.3 Billion has cancer so if he dies what percent does his
https://www.cnn.com/2024/04/30/business/powerball-jackpot-winner-oregon-man/index.html
Family get to keep after estate taxes.
Lottery is such a rip off. 1.3 billion jackpot means people bought 2.6 billion in tickets. Out of the 2.6 Billion the winner gets 422 Million dollars. 14% pay out the rest ends up in govt hands.
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Ycrazy
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Ycrazy
Joined
Apr 14, 2011
Last login
Jun 13, 2024
Total posts
8,741 (6 FO)
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Messages
Author
Time
Oregon winner of 1.3 Billion has cancer so if he dies what percent does his
Ycrazy
Apr 30, 12:01pm
Taxation for the mathematically challenged
Xenon
Apr 30, 12:02pm
It's a regressive tax.
rcbyufan
Apr 30, 12:03pm
Wait?! The lottery is a rip off?! Who knew!
Baron
Apr 30, 12:07pm
I know it is a rip off but sometimes you see the #'s and you are shocked.
Ycrazy
Apr 30, 2:27pm
Wouldn’t taking the lump sum and then putting it all in a trust
JOPE
Apr 30, 12:08pm
No, you’d pay gift tax on the transfer to the trust.
VenturaCoug
Apr 30, 12:22pm
Lotteries are taxes
Carnac
Apr 30, 12:16pm
The lottery is a tax on those bad at Math.
BostonCougar
Apr 30, 12:42pm
Maybe TNT can finally win it this year and then purchase Cougarboard
TNT
Apr 30, 12:46pm
Wouldn’t you just make your family the lottery winner? Seems pretty simple.
Utefaninenemyland
Apr 30, 1:20pm
He did split it with his wife according to the article.
Ycrazy
Apr 30, 2:27pm
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