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American addicks

Come on guys buy your powerball lottery tickets $800m prize.

Win and you could be the new owners!

Comments

  • Nah, and pay all that tax!!
  • 50 million in real money here in the UK tonight.
  • If I win am going to make RD an offer he cannot refuse.
  • ct_addick
    ct_addick Posts: 4,339
    I told my wife I would buy CAFC if I win !
  • But if I won it would only be $242m after tax
  • Rossman92
    Rossman92 Posts: 3,658
    900 million I've just heard, dads bought 4, I'm off to buy one as well
  • limeygent
    limeygent Posts: 3,217

    Come on guys buy your powerball lottery tickets $800m prize.

    Win and you could be the new owners!

    Got mine, KM picking the chewing gum out of the urinals by Monday.....
  • limeygent
    limeygent Posts: 3,217
    Nobody won, so Wednesday the Jackpot will be 1.3 BILLION dollars!!!!!!!
  • se9addick
    se9addick Posts: 32,074
    You have to pay tax on lottery wins in the States ?
  • limeygent
    limeygent Posts: 3,217
    se9addick said:

    You have to pay tax on lottery wins in the States ?

    Would be about one third.
    Cash value probably about 900,000, less the tax. To get the 1.3B you'd take payment over 20 years, and pay the tax as you go.
    I'm no accountant, but I'm not far off.

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  • se9addick said:

    You have to pay tax on lottery wins in the States ?

    Yep. It's all earned income, so just under 40% to the Feds at the top rate, plus any state tax
  • i_b_b_o_r_g
    i_b_b_o_r_g Posts: 18,948

    Come on guys buy your powerball lottery tickets $800m prize.

    Win and you could be the new owners!

    S H 1 T, I live in France ya see
  • MrOneLung
    MrOneLung Posts: 26,906
    Just fly over and you can play.

    It is illegal to do online but nothing to stop foreigners from buying tickets if in one of the states or territories that are part of the powerballl
  • Stig
    Stig Posts: 29,093

    If I win am going to make RD an offer he cannot refuse.

    Are you going to send these guys to Belgium, after him?

    image
  • SDAddick
    SDAddick Posts: 14,477

    se9addick said:

    You have to pay tax on lottery wins in the States ?

    Yep. It's all earned income, so just under 40% to the Feds at the top rate, plus any state tax
    Still can't believe we live in a country where the top income tax bracket is 39.6% and we think the Government is out to get us...
  • Amazing isn't it. Look at is this way - to get into the 40% bracket in the UK you need to earn £32,000. Let's call that $50,000, which is a bit generous.

    To get in the 39.6% bracket, you need to have $415,050 of taxable income.

  • SDAddick
    SDAddick Posts: 14,477
    Yes and in exchange for that you get a centralized Government provides far more services than ours. If you look at what is spent on healthcare along, what we (cumulatively) spend to attempt to bridge the gap in coverage (let alone quality of care) probably evens it out.
  • limeygent
    limeygent Posts: 3,217
    Just to update, the jackpot is now 1.5 BILLION dollars for tonight's drawing.
  • Saga Lout
    Saga Lout Posts: 6,845
    edited January 2016
    It would be great if one of you won and bought the club. Personally, the last thing I would do is buy a football club - throw millions of pounds at it and if it goes tits-up you face a barrage of abuse from mere "customers", no thanks! :smile:
  • Could you write to Obama about the state of our club. Long shot but worth a try and if enough of you write he may get
    involved and weigh in.

    I'll get in touch with those CAFC Moscow chaps and ask them to pen Putin a few lines.

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  • limeygent
    limeygent Posts: 3,217
    Saga Lout said:

    It would be great if one of you won and bought the club. Personally, the last thing I would do is buy a football club - throw millions of pounds at it and if it goes tits-up you face a barrage of abuse from mere "customers", no thanks! :smile:

    Don't think any of us would do a worse job than the current lot. I'd be on the next plane over.
  • limeygent
    limeygent Posts: 3,217

    Could you write to Obama about the state of our club. Long shot but worth a try and if enough of you write he may get
    involved and weigh in.

    I'll get in touch with those CAFC Moscow chaps and ask them to pen Putin a few lines.

    When I wrote to The President about the child support guidelines, I got a response thanking me for my interest in the school lunch program.