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Additional Details
Hayley and R... |
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Additional Details
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Calvin B | How much money would I get after taxes if I won and took the cash option for the 146,000,000 powerball? |
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 |
 
Brutally Honest
|
If you took the 20 year pay-out, it'd be roughly half. If you took a lump-sum (if that's allowed), then you'd only get about 20-30%. Still....20% of 146 mill is over 29 million....certainly nothing to sneeze at! |
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Dre
 |
About half that. |
|
alka
|
you
will
not
win |
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Aydens Mommy
 |
87,600,000 |
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cash rules
|
A LOT |
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taxtools
 |
Depends on which state you live in. Your federal tax is about $33,000 depending on your filing status.
http://www.irs.gov/
TaxRef
http://www.pdftax.com/ |
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harryzoyster
 |
After taxes? About $5. |
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ivan_7227
|
the government takes out 40% of the total amount. in your case, you will remain with 58,400,000 |
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supremyecy1
|
half |
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uptwospeed
|
One guy won 57.6 million.
Cash option $30,815,336
After estimated taxes 15,400,000.00. Just enough to buy 2 nice cars, a home, and a vacation home, and pay your property taxes until you die.
Wow, wins 57.6 million ends up with 15 and a half. Imagine if you had to work for it. Bummer, huge penalty for hard work. But since you won it. Congrats! chance of winning.......1 in 195 million.
I am not sure what the cash option would be, but I am sure it is way less than the 146. I think around 77.4. Take that number, chop it in half (for taxes), 38.7 Million, There you go. You might be able to buy a decent place in NYC. |
|
T
|
Go to powerball.com and you can figure that in the lump sum payment you get a lot less, about 86 mil. Then, figure a tax rate of roughly 47%...and you're left with a little over $45.5 million...not bad. |
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acmeraven
|
Your federal tax bite would be 51,075,673; leaving you with 94,924,327. You should move to a state without state income tax before you cash the ticket. |
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golferwhoworks
 |
about $50,000,000.00 after taxes |
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gregoryaritter
|
$ 54,750,000 after taxes. Unless you can create a quick shelter for taxes, then it would be more. |
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Stereotypemebecauseyouknow
|
less than 25%. The government is worse than the mafia. |
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quizzard123
|
It will depend on your state.
Hint: move to a zero income tax state BEFORE claiming the money. |
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hrblocklindac
|
Congrats!!!!
You will be in the 35% tax bracket for the federal government. You may be subject to a state tax also (depending on where you live). The tax will be 51,100,000. The net amount will be $94,900,000. However, they are only required to withhold 25% ($36,500,000%2 |
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Pibblehopper
 |
Like half, which is sad. |
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desemonaapsyche
|
If you win can I have 50 thousand? |
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Lucky111's
|
Cash option is 85.5 million and taxes on that money are about 45%
which leaves you with about 47 million after taxes.
They take big taxes on that kind of money. |
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Barry Kuda
|
Plenty. Hey uncle Charles about that loan.... |
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Kandy
|
Half that! |
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Jay L
|
Just throw away 60%... You'd get the rest. |
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dubbs41mw
|
0.25% goes to wherever you bought the ticket from
46.75% goes to taxes
you will receive 53% of that money.
there may be a few other deductions but you will get just about half.
which is still good for that kinda cash |
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bluedxor
|
u could share with me... |
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dubux3
|
pretty sure its 20-30% |
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Mrs Dunn
|
33-50% is going to the government the rest is yours |
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Dave
|
Of course it depends what state you live in, but in New York you would get rouchly $90,000,000 |
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johnnycena22
|
35 million!! |
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Spider G
|
About $73 million & a powerball shoved up your poop chute. |
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Smiley ( for no reason)
 |
a lot |
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