$1,080 Billion powerball lotto winner in the USA - page 5.

piebeyb

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The cost of the tax deduction is so big even if you only get half but it looks like a joke, there is no choice but to take even if you only get half instead of having to pay the tax with your own money, not only the lottery but even other prizes in my country are almost the same when there is a prize car at certain events, but when you get a car prize, at least you have to pay a tax of around 30% of the car's price. lol

To be honest, I don't really like lottery games, maybe because of problems like this that always happen when I get a prize winner who gets full deductions or taxes and so on, it's clear that it will make me feel uncomfortable enjoying my winnings to the fullest, why not? taking a tax fee or deduction of around under 10% maybe that would be better than half. Grin

Huppercase

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

She is already celebrating which is a good step but I think it is better to wait for the organization to do a review check before making it to the Media streams or perhaps the Media are also waiting for something to go viral to have good audience and exposure, it is really a good amount though because her reactions says it, that money will change her life forever if it is put in good use or good investment precisely.

The organizers are making bucket of money from this shows because if the shop where the ticket was won raised about a million dollars, only God knows the amount they will make from other shops, they will be making more than double of that amount, if not upto tripple but I think paying tax half the price doesn't worth it, the government will pocket half that amount and they will be happy people are joining, the tax amount is too high.

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It is simply unacceptable that a country charges 50% tax on a lottery prize, I wonder if billionaires were paying 50% tax then would they become very rich to the point of having many billions of dollars? I think the government should know how to separate things and adopt another tax collection model in the lottery, for example, the government could charge tax when each person buys a lottery ticket, something like if a person were to buy a lottery ticket that cost 1.50$, so when that person paid the 1.50$, then 50% of the tax value would be deducted and the government would keep 0.75$ while the lottery organizers would keep 0.75$

with that, when someone hits the winning ticket, that person would keep 100% of the amount they won, I think that only in this way would it be fair to all the people who win the lottery. now about this person who has already moved in while no one has seen any official government announcement, I think it is not good for someone to rush like that, mainly because she has not yet been declared the winner and has not yet received the money, she is exposing herself in an unnecessary way, mainly because nowadays there are many criminals and they could do her some harm while she has not received so much money from the prize

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" You stay anonymous until after you claim the money officially. You don't receive the money immediately, people with bad intentions will probably be looking for her today. Hopefully she stays safe, but doing this in public was a very bad decision. "

It was the top comment on the video. And to be honest it was a big mistake to make it public, because surely there would be someone with bad intentions who would harm her. Let's hope we can still hear from this lady, because it was very lucky for her to be able to hit the jackpot with such a big prize.

acroman08

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Quote from: bitbollo on July 21, 2023, 05:03:23 AM

seems like the classic historical dilemma in lottery sauce Roll Eyes

better an egg today or a chicken tomorrow?

if you think about it, such a figure even if "half" is enough to make you at least the top 1% richest on earth and live at "science fiction" levels.
I too would have done the same thing, as we say here in Italy "there is no certainty about tomorrow" Wink

yeah, I agree, I would take the lump sum to instead of an annuity. I would want to enjoy my winnings to the fullest and not wait yearly to get paid.

Quote from: Beparanf on July 21, 2023, 06:34:37 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US.

The comma will mistakenly assume your thread to be 1.08 Trillion instead of 1.08 Billion reward because you use 3 digit after the comma.

I'm confused, how would you type out one billion eighty-five million? wouldn't it be $1,085 Billion? so, why would a $1,080 with a "billion" next to it be mistaken for a trillion? I also wrote Billion next to it for more clarification.

aioc

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

That's the biggest I've known the store owner in the video is overjoyed because he instantly gets a million dollars for just selling the winning ticket and the winner changed his life and all his relatives and generation to come I hope he is good at handling that huge money.

Quote

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

Not surprisingly some people want to enjoy their winnings and they want to handle their own money so they can buy whatever they want or set up a business, we don't know the character of the winner but if he is an investor he knows how to handle the money and where to put so it will stay in his lifetime and to his/her children and grandchildren.

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Quote from: rhomelmabini on July 21, 2023, 05:21:58 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

I'd rather lump sum it rather put it on others hand, half a billion dollar is not a little amount, I'd say "okay get the taxes and just give me my prize". That's already on the term and I think it isn't new if you know how lottery rewarded their winners. That winner should never take it on one lump sum day as well I hope, she'd just be shock how big it is, he's already a millionaire and hope she doesn't take it in one day as well.

I also think it's better to withdraw it directly even though it's taxed and don't get a lump sum payment it's better, than depositing it in the casino and or dividing it in half into two withdrawals it's the same, or it doesn't make a difference he will be taxed too.

But if using two withdrawals doesn't get as big a tax as using one withdrawal, I think making two withdrawals is a good thing to reduce the tax that should be, and he gets money that shouldn't be paid for taxes, although yes he becomes a millionaire and the money is taxed doesn't affect him, but we need to remember that money with that amount of tax is really a shame if you don't have money or run out of money later.

Beparanf

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US.

The comma will mistakenly assume your thread to be 1.08 Trillion instead of 1.08 Billion reward because you use 3 digit after the comma.

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

I think claiming it lump sum is his or her best option since powerball organizers can’t hold the money for a long time while the winner can put his money on stock market, bank and crypto to personally manage it. The tax is part of the prize and every powerball knew that. They still just add the tax on the grand prize to make it more appetizing to all bettors.

What really surprised me is someone claiming that he won jackpot prize publicly.

rhomelmabini

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

I'd rather lump sum it rather put it on others hand, half a billion dollar is not a little amount, I'd say "okay get the taxes and just give me my prize". That's already on the term and I think it isn't new if you know how lottery rewarded their winners. That winner should never take it on one lump sum day as well I hope, she'd just be shock how big it is, he's already a millionaire and hope she doesn't take it in one day as well.

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Quote from: bitbollo on July 21, 2023, 05:03:23 AM

Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

seems like the classic historical dilemma in lottery sauce Roll Eyes

better an egg today or a chicken tomorrow?

if you think about it, such a figure even if "half" is enough to make you at least the top 1% richest on earth and live at "science fiction" levels.
I too would have done the same thing, as we say here in Italy "there is no certainty about tomorrow" Wink

I would have done the same and opt to get the prize as long as I would get half billion dollars who the f cares about the huge taxes.However I used to work in Italy as I have been working in many different countries and if I recall correctly there is something different,the winner of the best state lottery goes and claim it much further than the draw and usually I have seen in TV there people wearing masks to not let other people know who they are because of the risks associated with that.I doubt that in the USA it would consist of such risks but still even USA is a dangerous place when people know you have become filthy rich out of nowhere.

bitbollo

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Quote from: acroman08 on July 21, 2023, 04:55:32 AM

I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

seems like the classic historical dilemma in lottery sauce Roll Eyes

better an egg today or a chicken tomorrow?

if you think about it, such a figure even if "half" is enough to make you at least the top 1% richest on earth and live at "science fiction" levels.
I too would have done the same thing, as we say here in Italy "there is no certainty about tomorrow" Wink

acroman08

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I just saw a news on youtube that someone won the $1,080 Billion jackpot prize on the Powerball lotto in the US. In the video I watched, someone claims that she was the winner, but as of now, there is still no official announcement from the lottery organization. also, the store where the winning ticket was bought will receive a $1 Million bonus from the organization.

anyway, it still really surprises me that if the winner decides to take the prize in one lump sum, they will only get half of the total price because of the taxes that will be taken out.

here's the video I saw https://www.youtube.com/watch?v=LINxj6C-00c

Topic: $1,080 Billion powerball lotto winner in the USA - page 5. (Read 575 times)