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Winning ticket for $590.5 million Powerball lottery sold in Florida

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I'm RICH!!!! RICH I SAY!!!!.... j/k Well, someone on the east coast is financially secure now... just hope they're smart and wise enough to not be foolish with their winnings.

0 ( +0 / -0 )

Wasting money in lottery and not being to afford proper insurance coverage. I love the US dream!

-3 ( +0 / -3 )

The hard part will be keeping the vultures away. The next part will be to figure out a way of life that can be maintained long term.The last part will be maintaining sanity and important relationships.

1 ( +1 / -0 )

Well it doesn't suck.

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Florida winner is lucky in another respect: no state income tax. But, the taxman will certainly do a number of this winner.

According to a recent article, the first assessment recalculates your tax bracket, then takes your money based on that, which can be upwards of 50%. Then come regular tax time, they reassess your bracket again, and tax based on that. If you plan to gift any of it, like to your family, if you give more than $14K / year / person, they levy a 35% tax on the gift!

Teh gubmnt luvz dem som lotsery winrz!

-1 ( +0 / -1 )

From what I've read you aren't taxed twice. They government withholds a portion for tax, then the rest is taken out when you file taxes. So it's one tax done in 2 parts.

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Buying all 175 million combinations of numbers would have cost $350 million, but you would be guaranteed to win $590 million, making a profit of $240 million. Unless someone else had the same numbers.

0 ( +0 / -0 )

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