$1,28 Billion lottery win after tax... - Upgoat

$1,28 Billion lottery win after tax...
submitted by Conspirologist to funny 2.8 yearsAug 3, 2022 03:33:50 ago (+60/-1) (media.scored.co)
https://media.scored.co/post/nTGYF6W8hlsY.png

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[ - ] ToNigIsToNog 7 points 2.8 yearsAug 3, 2022 10:08:17 ago (+7/-0)

should say "after theft".

[ - ] Loves2smootch 5 points 2.8 yearsAug 3, 2022 09:47:36 ago (+5/-0)

Jews...

[ - ] Prairie 3 points 2.8 yearsAug 3, 2022 18:19:20 ago (+3/-0)

$433.7 million after tax

Oh we're just getting started. He's going to pay sales tax when he spends it, for products whose prices include all the taxes those companies are charged (payroll tax, sales tax on things they buy, etc.)

[ - ] CamelsMiller 3 points 2.8 yearsAug 3, 2022 10:59:58 ago (+3/-0)

Are you all stupid?
estimated jackpot for Friday night’s drawing to a whopping $1.28 billion, with a cash value of $747.2 million.

Meaning 313.5 in tax, not 846.3

complete shit-post, and the kind of crap that goes on jewbook.

[ + ] ArnoBreker

[ - ] ArnoBreker 5 points 2.8 yearsAug 3, 2022 11:43:08 ago (+5/-0)

Yeah if you take the lump sum payout, THAT portion is taxed as income. If they did the annuity they would receive more, but who trusts the state to do annuity payments for that long? It's still a ridiculous amount of money either way.

[ + ] dassar

[ - ] dassar 2 points 2.8 yearsAug 3, 2022 14:36:11 ago (+2/-0)

Yeah, wasn't there some post last month of one State that was running lotto but was bankrupt and couldn't pay out and the city comptroller was giving out IOU's , lmao.

[ - ] Teefinyomouf 3 points 2.8 yearsAug 3, 2022 08:05:49 ago (+3/-0)

How are taxes 64.5% ??? WTF

[ + ] WhiteRonin

[ - ] WhiteRonin 3 points 2.8 yearsAug 3, 2022 09:09:52 ago (+3/-0)

Average tax rate in California is around 62%.

[ + ] ToNigIsToNog

[ - ] ToNigIsToNog 4 points 2.8 yearsAug 3, 2022 10:07:39 ago (+4/-0)

strangely enough, lottery winnings in CA are not subjected to a lottery tax

[ + ] GoldenAgeWhen

[ - ] GoldenAgeWhen 1 point 2.8 yearsAug 3, 2022 13:20:27 ago (+1/-0)

must have been written my the same guy who said killing the unborn is murder, unless the mother does it.

[ + ] HeavyBrain