Tag Archives: state

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

 

 

 

 

 

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Happiness is a State Of Mind

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October 2, 2018 · 9:49 PM

Did You Know – 01/9/2016

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1. Women should drink beer. Hops has aphrodisiac-like qualities for women, as because of the phytoestrogen it contains, which mimic natural estrogen. Low sex drive in women is often caused by low levels of estrogen.
Consuming beer, especially hop-rich varieties like IPA, could actually help restore hormonal balance and help with libido and also alleviate menopausal symptoms of fatigue, irritability and hot flashes. Of course, hops can be taken directly as a herb as an infusion, but isn’t it more fun to drink a beer instead?

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2. The Word Punt – I Bottom of a wine bottle
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3. Octothorpe – is the name for pound or hashtag

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4. That this map reflects what people may think of your State. According to the most popular auto complete results when you search “why is (State) so” in Google.

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5.  TSA will let you through the airport security with more than 3.4 oz of liquid as long as there is a live fish in it. Large amounts of liquids are banned because they could conceal explosives. I guess if you have a fish in it the chances are there is nothing lethal in the water.

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Did You Know -12/07/2015

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1. 95% of Supercentenarians – that is those who live longer than 110 are women. Stem cells appear to regenerate faster in women.
A thorough search for longevity gene variants in 17 supercentenarians – average age 112 (the oldest was 116) – has drawn a blank. The Stanford University in California have done many studies but have not been able to come to any conclusion on why some people live longer than others.

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2. That being in greenery soothes your brain. Being in greenery decreased anxiety, depression, anger and fatigue for adults. One study shows that kids with ADHD spent time in the natural outdoor environment had a reduction in their symptoms.
Another study shows that when you inhale forest air, you breathe in phytoncides, plant chemicals that have antibacterial and ant fungal qualities and increase the immune system’s disease-fighting natural killer cells.

 

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3. American Football grew out of English sports such as rugby and soccer and became popular on American college campuses in the late 1800s.
It takes about 600 cows to make one full season’s worth of NFL footballs.
A cow has only a 1 in 17,420,000 chance of becoming an NFL football that is used in the Super Bowl.

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4. Alabama was the first state in the United States to officially recognize Christmas in 1836.
Christmas wasn’t declared an official holiday in the United States until June 26, 1870 and Mistletoe (Viscum album) is from the Anglo-Saxon word misteltan, which means “little dung twig” because the plant spreads though bird droppings   

 

 

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5.A wolf pup’s eyes are blue at birth. Their eyes turn yellow by the time they are eight months old and Under certain conditions, wolves can hear as far as six miles away in the forest and ten miles on the open tundra.

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Saving Tip For Today – 09/30/2013

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Save on Sales TaxSee if your state has sales tax holidays. Check the federation of tax administrators website, taxadmin.org and search “tax holidays”

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