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View Poll Results: What THREE things will you do in your first hour after winning?
Bookmark web sites that show particularly nice Lamborghinis, Ferraris, and Lotuses 10 12.82%
Call all of the people that I don’t like, and let them know that they aren’t getting a penny 6 7.69%
Call Skip and explain the difference between .00000000001 and zero 2 2.56%
Call some people I like, and invite them to a party that will make Malcolm Forbes blush 9 11.54%
Drive around and yell at passersby, “I won the Powerball! I won the Powerball!” 2 2.56%
Eat all of the butter in my fridge, because there’s no reason to ration it any more. 1 1.28%
Get so stinking drunk that I’ll die of alcohol poisoning, and they’ll find my body clutching the winning ticket. 4 5.13%
Go into immediate hiding to minimize the likelihood of being hit by lightning, meteors, or drive-bys 9 11.54%
Go onto the Internet and look up the purchase price of the Chiefs 18 23.08%
Go to a nearby bar and buy a round of drinks for everybody without explaining why. 18 23.08%
Go to the grocery store and buy that really expensive steak that I never buy due to the price 5 6.41%
Pawn the ticket. 1 1.28%
Plan my tax strategy 22 28.21%
Put on my most radical music at full volume and dance, dance, dance 12 15.38%
Putter around trying to find the perfect hiding place for the ticket until I can cash it in 11 14.10%
Remove all potential weapons from my home, because I don’t trust the people I live with. 4 5.13%
Roll around on the floor like Cowboys defensive end Larry Cole after Super Bowl VI (or whatever) 4 5.13%
Schedule a midnight flight to Vegas, which is sure to end badly, but I wouldn’t be thinking it through 11 14.10%
Sit down and read a good book. There’s no sense getting overwrought. 0 0%
Sit down at the computer and work up a financial investment plan 18 23.08%
Smoke a bowl (This one’s for you Quikssurfer.) 8 10.26%
Stand and scream. Nothing but scream. One long, glorious note. "AAAAAAAAAAAAAAAAAAAAAA!" 12 15.38%
Start the most amazing, memorable thread in Chiefsplanet history 17 21.79%
Other (Please specify.) 10 12.82%
I would do nothing. I would be catatonic. 5 6.41%
I would do nothing. I'm Skip and I didn't buy a ticket. 1 1.28%
Multiple Choice Poll. Voters: 78. You may not vote on this poll

 
 
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Old 02-18-2006, 03:40 PM   #24
Big Dog Big Dog is offline
gimme 3 stacks of high society
 
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Join Date: Aug 2003
Location: Grain Valley, MO
Casino cash: $10004900
Just a note on Powerball, anonymity and taxes.

The only state that participates in the Powerball that currently allows anonymous claims is Delaware, so unless you purchased your ticket there, at least your name will be a matter of public record.

The cash value tonight, if taken as a lump sum is $177.3 million. In Missouri, taxes will be withheld: 25% federal, 4% state. ($51,417,000.00)

This leaves you with $125,883,000.00.......BUT

Assuming you end up in the highest tax bracket known to man (which is HIGHLY likely) your overall federal tax burden will be $94,727.50 on your first $326,450.00 and $35% for everything over that. Missouri income tax will come in at 6%.

This means your total tax burden will end up being $72,673,470 or over $21 Million MORE than they withhold!!

Now if you set that amount aside you walk with $104,626,530.00, or about 29% of the posted amount.

Have fun with your $!!


Oh, and starting a thread here would be just a riot...after creating a new username and account from an unknown ip of course.
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