The Conservative Cave
Current Events => The DUmpster => Topic started by: Carl on January 11, 2016, 03:56:39 PM
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Not the OP but her response.
http://www.democraticunderground.com/10027519764
Mon Jan 11, 2016, 04:19 PM
Star Member dixiegrrrrl (44,063 posts)
About the REAL payout of that Lottery jackpot
The Reality of Powerball
Yes, mathematically it looks good to buy a ticket for a $1.4 billion draw when you have a 1-in-~292 million shot at winning..
But only actual cash in hand winnings matter..
The rest is a fictitious "time value" figure predicated on an annuity, if you do not take lump sum.
That is money in the future, not money today, in hand.
So a cash payout would be around $868 million
then you pay taxes. 39.6% federal, and only 25% is withheld when you get the check.
Plus any state income taxes.
The 868 million assumes you are the ONLY winner.
But as the prize gets bigger, the buying frenzy that develops for each ticket increases the odds of a multiple winner.
Plus, last year the Powerball changed the odds, decreasing them by about half, of hitting the jackpot.
Not that a few million is something to sneeze at.
And eventually people DO win lotteries.
The above is just another way to look at it.
From the "no shit Sherlock" file.
Response to dixiegrrrrl (Original post)
Mon Jan 11, 2016, 04:31 PM
nadinbrzezinski (142,631 posts)
10. If I hit it (snicker) I think I will be ok
With a few million.
Yes, we do buy a ticket when it crosses a threshold. It's nice to have some fun we are aware of the odds by the way.And yes, I have been hit by lightning (inside a car) twice in my life.
I would suggest maybe on the scientists table.
(https://monstergirl.files.wordpress.com/2014/03/frankenstein-near-the-slab.jpg?w=490&h=480)
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When God is trying to tell you something, you should listen.
Maybe it's all the snoopers, scanners, and electrical gear she carries around with her.
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gNads the Incimprehensible
And yes, I have been hit by lightning (inside a car) twice in my life.
Well, that explains so much.
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Mon Jan 11, 2016, 04:19 PM
Star Member dixiegrrrrl (44,063 posts)
About the REAL payout of that Lottery jackpot
The Reality of Powerball
Yes, mathematically it looks good to buy a ticket for a $1.4 billion draw when you have a 1-in-~292 million shot at winning..
But only actual cash in hand winnings matter..
The rest is a fictitious "time value" figure predicated on an annuity, if you do not take lump sum.
That is money in the future, not money today, in hand.
So a cash payout would be around $868 million
then you pay taxes. 39.6% federal, and only 25% is withheld when you get the check.
Plus any state income taxes.
The 868 million assumes you are the ONLY winner.
But as the prize gets bigger, the buying frenzy that develops for each ticket increases the odds of a multiple winner.
Plus, last year the Powerball changed the odds, decreasing them by about half, of hitting the jackpot.
Not that a few million is something to sneeze at.
And eventually people DO win lotteries.
The above is just another way to look at it.
Complete and utter morons, all of them.
The cash value is not arbitrary, you ****ing moron, it is the present value of the 30-year cash flow at a certain discount rate. Of course, since DUmmies live hand-to-mouth (and mouth-to-ass), why would anyone expect them to understand that money later is not the same as money today?
As for the taxes, I thought DUmmies LOVED to pay them, all of them, every last nickel?
As for sharing the winnings, I thought DUmmies LOVED the idea of collective wealth?
What a bunch of stupid dicks.
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Well, that explains so much.
She means she's been tased by an off-duty rent-a-cop in the back seat of her '81 Chevette.
The second time was by request.
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The good Lord fired off two warning bolts.
A third, will not be.
I hope it doesn't blow her panties off. :panic:
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I hope it doesn't blow her panties off. :panic:
I suspect a lightning bolt might be the ONLY thing that would blow her panties off, which are probably attached to her nethers on a molecular level due to neglect, misuse, disinterest, and general grossness.
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She lies a lot, most of what she posts is a lie.
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She means she's been tased by an off-duty rent-a-cop in the back seat of her '81 Chevette.
The second time was by request.
:rotf:
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The good Lord fired off two warning bolts.
A third, will not be.
I hope it doesn't blow her panties off. :panic:
(http://images.dailykos.com/images/140906/large/Brain_Bleach.png)
Please, don't ever do that again. :-)