America's #1 Online Cigar Auction
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Last post 6 years ago by madspackler. 43 replies replies.
POWERBALL @ $430 M.I.L.L.I.O.N.: go buy one ticket at least
Mr. Jones Offline
#1 Posted:
Joined: 06-12-2005
Posts: 19,357
fog

Could be the best $2 bucks you
Ever wasted...???

3456 xFgniner 45#34 7804 9999 88right
( factor in a J2 variable )
and a mirror...
gummy jones Offline
#2 Posted:
Joined: 07-06-2015
Posts: 7,969
I'm a sucker for the lotto but I do believe there is literally not a worse investment
bassman45 Offline
#3 Posted:
Joined: 07-05-2009
Posts: 4,082
Pass.......Speak to the hand
MACS Offline
#4 Posted:
Joined: 02-26-2004
Posts: 79,584
A tax on the stupid...

I could still win, though the odds are astronomical... my wife plays. Anxious
bs_kwaj Offline
#5 Posted:
Joined: 02-13-2006
Posts: 5,214

I have a friend who is a PhD in Mathematics.

He says your chances of winning are the same if you play... or if you don't play.

I said, But people do win.

He said, Yeah, but it won't be you.

d'oh!

Beer
MACS Offline
#6 Posted:
Joined: 02-26-2004
Posts: 79,584
Mathematically speaking... he's right.
shaun341 Offline
#7 Posted:
Joined: 08-02-2012
Posts: 8,826
MACS wrote:
Mathematically speaking... he's right.



What are the odds? Used to know them before they changed the numbers, and there was a time to play that the jackpot was worth the chance. Now with the changes I am not sure anymore.
gummy jones Offline
#8 Posted:
Joined: 07-06-2015
Posts: 7,969
1 in 187 million or something I think
MACS Offline
#9 Posted:
Joined: 02-26-2004
Posts: 79,584
gummy jones wrote:
1 in 187 million or something I think


1 in more than 292 Million, according to one googled website.
gummy jones Offline
#10 Posted:
Joined: 07-06-2015
Posts: 7,969
Macs you just made me feel even stupider for buying tickets
chazbo Offline
#11 Posted:
Joined: 01-21-2007
Posts: 8,159
So if I bought 292 tickets I could win 500 millionThink
MACS Offline
#12 Posted:
Joined: 02-26-2004
Posts: 79,584
chazbo wrote:
So if I bought 292 tickets I could win 500 millionThink


Your chances would improve to 292 in 292 million. Still a galactically stupid bet.
shaun341 Offline
#13 Posted:
Joined: 08-02-2012
Posts: 8,826
So it needs to be roughly 600 million now to buy a ticket and be worth it basically. Yeah I thought the odds got worse and $2 a ticket is pushing it but I guess a dollar doesn't go far anymore.
frankj1 Offline
#14 Posted:
Joined: 02-08-2007
Posts: 44,211
$3 if you play the multiplier on the powerball.
I've hit that enough to defray some of the investment
gummy jones Offline
#15 Posted:
Joined: 07-06-2015
Posts: 7,969
Shaun you are forgetting taxes and the possibility of splitting the jackpot two or more ways
MACS Offline
#16 Posted:
Joined: 02-26-2004
Posts: 79,584
gummy jones wrote:
Shaun you are forgetting taxes and the possibility of splitting the jackpot two or more ways


Shhhhhhh... there's no room for logic, here. This is a dreamer thread.
8trackdisco Offline
#17 Posted:
Joined: 11-06-2004
Posts: 59,987
Mo money, mo problems.
MACS Offline
#18 Posted:
Joined: 02-26-2004
Posts: 79,584
8trackdisco wrote:
Mo money, mo problems.


Happiness is a choice, my man... you can say; "I'll be happy when I have a nice car, or a nice house, or a lot of money, or when I'm retired..." but the truth is, you can have all those things (like many do) and still be miserable.

Just be happy. I am!

Maybe that's the 22oz beer and the glass of scotch talking, though.
8trackdisco Offline
#19 Posted:
Joined: 11-06-2004
Posts: 59,987
MACS wrote:
Happiness is a choice, my man... you can say; "I'll be happy when I have a nice car, or a nice house, or a lot of money, or when I'm retired..." but the truth is, you can have all those things (like many do) and still be miserable.

Just be happy. I am!

Maybe that's the 22oz beer and the glass of scotch talking, though.


Try five Makers Marks, A Krolsche style beer and a calf.

It's a good night.
MACS Offline
#20 Posted:
Joined: 02-26-2004
Posts: 79,584
8trackdisco wrote:
Try five Makers Marks, A Krolsche style beer and a calf.

It's a good night.


LMAO!! I can't compete wit dat! No calves around here.
8trackdisco Offline
#21 Posted:
Joined: 11-06-2004
Posts: 59,987
That calf comment was re---- vealing.
MACS Offline
#22 Posted:
Joined: 02-26-2004
Posts: 79,584
8trackdisco wrote:
That calf comment was re---- vealing.

d'oh!
frankj1 Offline
#23 Posted:
Joined: 02-08-2007
Posts: 44,211
8trackdisco wrote:
That calf comment was re---- vealing.

love it
8trackdisco Offline
#24 Posted:
Joined: 11-06-2004
Posts: 59,987
Gonz
SmokeMonkey Offline
#25 Posted:
Joined: 04-05-2015
Posts: 5,688
8trackdisco wrote:
That calf comment was re---- vealing.


Best joke of the day
DrafterX Offline
#26 Posted:
Joined: 10-18-2005
Posts: 98,506
freak... Mellow
chazbo Offline
#27 Posted:
Joined: 01-21-2007
Posts: 8,159
If you bought any in California, check you tickets 🤑 we have a new multi millionaire Herfing
Mr. Jones Offline
#28 Posted:
Joined: 06-12-2005
Posts: 19,357
I think MACS WIFE WON IT....

HENCE...THE SQUEALING TIRE SOUND @ 7 am (and no " hide nor hair " of the usual big Sunday breakfast)
This morning @ MACS H.U.T.
Mr. Jones Offline
#29 Posted:
Joined: 06-12-2005
Posts: 19,357
One WINNER

$447.8 million

SUN CITY, CALIFORNIA

Marietta liquor and deli store

Tenth largest lottery prize in U.S. history
DrafterX Offline
#30 Posted:
Joined: 10-18-2005
Posts: 98,506
I've aways liked Macs... Mellow
Mr. Jones Offline
#31 Posted:
Joined: 06-12-2005
Posts: 19,357
ME TOO...
HE'S MY BESTEST NEW B.U.D.D.Y.
Mr. Jones Offline
#32 Posted:
Joined: 06-12-2005
Posts: 19,357
AP NEWS FLASH:

Some dude named MACS...

B.U.Y.S.

"BOSTON WHALER BOAT COMANY"
And
"CIGARS INTERNATIONAL"
Mr. Jones Offline
#33 Posted:
Joined: 06-12-2005
Posts: 19,357
SUN City, Calif...

Triangulation...

Almost equa-distant from...

Los Angles
San Diego
Palm Springs
MACS Offline
#34 Posted:
Joined: 02-26-2004
Posts: 79,584
Murrieta and Sun City are close by, but the wife bought her ticket at the 7-Eleven in Temecula.

Weren't us... so I guess I AM going to work tomorrow.
DrafterX Offline
#35 Posted:
Joined: 10-18-2005
Posts: 98,506
Mellow
MACS Offline
#36 Posted:
Joined: 02-26-2004
Posts: 79,584
447.8 if you take the annuity. Estimated 300 million if you take the lump sum, which almost everyone does.

Now, uncle sammy takes his cut of 35.14% so that 300 mill is now 194,580,000. Ooops... FICA needs their cut of that 300 million, so now it's 187,350,000. Dammit... TAXifornia wants their cut, too... at 13%, leaving you with $148,350,000.

Think about that. You won a prize, and the government gets almost 300 million of it before you ever see it. Effectively 2/3 of your winnings goes to the government. This applies to income... and you wonder why rich people move their businesses overseas.
Mr. Jones Offline
#37 Posted:
Joined: 06-12-2005
Posts: 19,357
^^^GOOD POST ^^^

Gubment always screws the common man...

Sorry it wasn't you MACS...
THAT WOULD'VE BEEN REALLY COOL
TO SEE a person on Cigarbid WIN IT...
Mr. Jones Offline
#38 Posted:
Joined: 06-12-2005
Posts: 19,357
In PENNSYLVANIA,
THERE IS ZERO STATE TAX OR LOCAL TAX
ON THE LOTTERY..
bs_kwaj Offline
#39 Posted:
Joined: 02-13-2006
Posts: 5,214

I think I could manage to scrape by at $148 mil.

Beer
Abrignac Offline
#40 Posted:
Joined: 02-24-2012
Posts: 17,216
MACS wrote:
447.8 if you take the annuity. Estimated 300 million if you take the lump sum, which almost everyone does.

Now, uncle sammy takes his cut of 35.14% so that 300 mill is now 194,580,000. Ooops... FICA needs their cut of that 300 million, so now it's 187,350,000. Dammit... TAXifornia wants their cut, too... at 13%, leaving you with $148,350,000.

Think about that. You won a prize, and the government gets almost 300 million of it before you ever see it. Effectively 2/3 of your winnings goes to the government. This applies to income... and you wonder why rich people move their businesses overseas.


FICA is calculated at 6.2% on the first $110,100 of taxable wages. Since lottery winnings aren't taxable wages there is no FICA, FUTA or Medicare taxes due.

It would be advisable to see a tax attorney before one claim's the prize.
MACS Offline
#41 Posted:
Joined: 02-26-2004
Posts: 79,584
bs_kwaj wrote:
I think I could manage to scrape by at $148 mil.

Beer


That was not the point. The point was the gov't takes 2/3 of it... Which is beyond ludicrous.

Lottery winnings are taxable, but I guess because they aren't earned, they don't get hit with FICA. *shrug*
You'll still be getting less than half, after fed and state tax... unless you live in a state that has none.
DrafterX Offline
#42 Posted:
Joined: 10-18-2005
Posts: 98,506
And don't forget the 10% to your buds here at CBid... Mellow
madspackler Offline
#43 Posted:
Joined: 03-07-2000
Posts: 3,608
If you won it would definitely be Tax Attorney time like Anthony said. Time to move primary residence to a Tax-Free state before collecting on the winning ticket
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