Tag Archives: Imagine

How Much Do You Take Home?

 

 

Well the Mega Millions lotto in USA has reached the jackpot of $950 million – Imagine. 

Would that amount make you happy. I certainly would give it a good try. I remember going to a financial  seminar a few years ago and the speaker was saying how money does not necessarily make you happy but – It would be better crying in the back of a Rolls-Royce than crying in the back of a VW. My grandkids of course would prefer the VW only because of the make of vehicle not the lack of money.

Anyway don’t imagine for too long as you do not get the whole $950 million so the imagining will be cut short by a few million as Uncle Sam has to get his bit.

After taxes you can take it out in one lump sum or you can pick the annuity option.

Annuity after a 24% federal tax your payment comes out to $US24,573,333 per year for 30 years. (I’m thinking “will I be around in 30 yrs?”)

The Lump sum comes to $416,936,000 (this is all calculated on winning $950 Mill)

Then there is State taxes – California and Delaware levy no tax on Lottery earnings – means more money in those states. Now if you live in New York there is an 8.82 State taxes. Annuity $2,851,800 Taxes in NY and you end up with $US21,721,533 (30  payments of you get $651,645,990. Lump sum $US368,549,480.

So depending on how you get your winnings wether it be Lump sum (then you lose apron 2/3rds depending on what State you live in) or annuity (then you lose approx  1/3rd (depending on what State you live in)

So between Uncle Sam plus the State Government taxes your winnings are basically approximately cut in half. On saying that its one heck of a lot of money. As much as I don’t approve of Governments stealing our money it would take me some time to get through that many millions (I Think)

Good Luck to Those Who Have Bought Tickets and that includes me 🎉🎉🎉

Read More on this it is interesting

 

 

 

 

 

Leave a comment

Filed under Articles

Every New Parents Dream

This video goes for 12 hours. Just imagine 12 hrs sleep. A dream come true for many. I just love watching the babies expression.

 

Leave a comment

Filed under Articles

Poem Friday – 09/02/2015 – Please help them heal

P1240257-002

Please Lord Help Them Heal

As I look outside to a magnificent day
Why can’t we just feel the peace and just so enjoy it in every way

Why is it that there is such grief and lives taken away
Why do we have things happen to make that blue sky seem dark and so grey

More people killed more children dead
Killed by a yellow belly, screwed up in the head

The pain felt by those loved ones left behind
The inner heart ache, too hard to imagine, crippling destruction to the mind

Just a small town, peaceful not a gun to be found
For everyone that lives there this whole scenario does confound

There was no protection for those in that town as that coward knew
His evil he put into action as his hatred grew

So my point is here, guns you may not approve and totally dislike
But had that security officer been armed, the coward may not been able to strike

I don’t know that cowards name and don’t care to know
But if there is a ‘Hell’ that is where he will go

The anger the sadness that the country does feel
Please help those Loved ones Lord, Please help them heal

Leave a comment

Filed under Articles

Imagine!

Imagine if trees gave off Wi-Fi signals

Leave a comment

August 28, 2013 · 9:29 AM

Imagine!!

How Profound the words of John Lennon. Such wise words. Imagine!









Leave a comment

Filed under Articles