Powerball is at $550,000,000 (updated at 4:11 pm) and "possibly" more...

[Engineer]

and it's all mine!!! :twisted::twisted::twisted:

er....wait....I haven't bought a ticket......yet! :biggrin:

Good Luck ATOT!

 

[RocksteadyDotNet]

That shit is cray cray.

Half a billion dollars. Damn.

 

[dmcowen674]

In for one ticket

 

[mikegg]

Anyway to buy tickets if you are in California?

 

[Anonemous]

Anyway to buy tickets if you are in California?

Drive to AZ or OR. or Fly to any PB state.

 

[Red Squirrel]

And more than half of it goes to the government if someone wins. I'd be pissed to know that I "won" such a large amount yet a large portion of it goes to waste.

 

[RocksteadyDotNet]

And more than half of it goes to the government if someone wins. I'd be pissed to know that I "won" such a large amount yet a large portion of it goes to waste.

Yeah, your life would be unlivable if you won 500 milion and the gov took 250 million. You wouldn't be able to get out of bed from the pain.

I'm guessing you're a Republican?

 

[Red Squirrel]

Yeah, your life would be unlivable if you won 500 milion and the gov took 250 million. You wouldn't be able to get out of bed from the pain.

I'm guessing you're a Republican?

It's the principle of it. I would hate to participate in something that will cause the government to get so much money when that money could be going to better causes like charity.

 

[xSauronx]

It's the principle of it. I would hate to participate in something that will cause the government to get so much money when that money could be going to better causes like charity.

you could donate your share to charity.

 

[diesbudt]

And more than half of it goes to the government if someone wins. I'd be pissed to know that I "won" such a large amount yet a large portion of it goes to waste.

35% goes to the government.

Also if people take the lump sum, you get $327mil before the 35% government tax. (In 2013 that tax will increase to 39.5%)

 

[waggy]

yeah i think i can live with whatever is left after taxes.

 

[sdifox]

And more than half of it goes to the government if someone wins. I'd be pissed to know that I "won" such a large amount yet a large portion of it goes to waste.

You do understand lottery is just another tax right?

 

[sjwaste]

You have to be trolling. I am fairly conservative fiscally, but are you really complaining about a tax on winnings from a game of chance? It's not really earned. You didn't create any wealth by winning the lottery. I could buy the argument that the money already got taxed once on its way into the pot, but beyond that, oh man.

 

[bignateyk]

It's the principle of it. I would hate to participate in something that will cause the government to get so much money when that money could be going to better causes like charity.

The entire point of the lottery is to raise money for the government. It's not like they're trying to scam you or mislead you about it.

 

[mrrman]

Ill take it...I dont care what the taxes are...if I have $5M left...I am happy...got my 5 tickets

 

[RossMAN]

YGPM

 

[MetalMat]

I love it when states don't allow gambling or casinos but allow the lottery and scratch off tickets.

 

[Capt Caveman]

You have to be trolling. I am fairly conservative fiscally, but are you really complaining about a tax on winnings from a game of chance? It's not really earned. You didn't create any wealth by winning the lottery. I could buy the argument that the money already got taxed once on its way into the pot, but beyond that, oh man.

He's not trolling, just stupid.

 

[darkxshade]

So is it taboo to speak of the secret pool that's going on... if such a thing even existed? which I am neither confirming nor denying.

 

[DrunkenSano]

It's the principle of it. I would hate to participate in something that will cause the government to get so much money when that money could be going to better causes like charity.

I can't believe people like you exist. Complaining about winning the lottery? Serious?

 

[ViviTheMage]

So is it taboo to speak of the secret pool that's going on... if such a thing even existed? which I am neither confirming nor denying.

PM's work

 

[rsutoratosu]

gotta get some today

 

[bigrash]

I'd be happy with 1% of that.

 

[IronWing]

Red Squirrel, just buy two tickets with the same number, double your winnings, give the govt half and you still walk away with a cool half billion. ()

 

[mmntech]

You have to be trolling. I am fairly conservative fiscally, but are you really complaining about a tax on winnings from a game of chance? It's not really earned. You didn't create any wealth by winning the lottery. I could buy the argument that the money already got taxed once on its way into the pot, but beyond that, oh man.

As I understand it, lotteries and gaming are privately run in the US. So the tax is how the government makes money off them. In Canada, winnings aren't taxed because lotteries and gaming are run by government agencies. They already get 100% of the profits. About the only thing we aren't taxed on come to think of it. Gaming has become a huge cash cow. Too bad your average folk like me rarely see the benefits.