Can you still achieve the American dream without winning the lottery?

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taxfoundation.org/what-percentage-lottery-winnings-would-be-withheld-your-state/
lotterypowerpicks.com/finance/annuitycashflowcalculator.htm?inGame=pb
usamega.com/powerball-jackpot.asp
twitter.com/NSFWRedditImage

Yes just get up and work you lazy faggot

yes, and it's laughably easy to do it in the US

Do you own your house?

>Tax pay for fools

I own a house and a business. What's your point?

>implying your life isnt going to suck balls trying to hide if you win the lottery

enjoy 2-3years of having everyone try to fuck you over, sue you, or snake their ways into your table

No, I have a condo. But I own several residential houses as investment property.

So they're both completely paid off? No debt?

>what is a trust to hide your identity
stop posting you uneducated faggot

not if u a nigga, yall nazis out here drivin ur daddies 60 k muscle cars into random women tryna tell us we can make somethin of ourselves if we try like u, bitch please u dont Kno the meaning of struggle, u aint ever fall in love in 6th grade n have some niggas from a rival block rape her in the hallway n jump u, ya u try thinkin of school in that envirnment but even then a nigga got to Stanford on account of his poetry but for most of my niggas, shit is real n u cant undertsand, not every nigga a poet

>$700 million jackpot
>$443.3 million cash value

How the fuck does that work?

You just won $700 million!

Here's your check for $275 million!

Congratulations!

50 years at $14 million a year, or a big check for $275 million.

Most people take the big check.

the 700 million is if you choose the annuity value, which gives you a large income over the course of your life, but only so much per year.

The 443 million is the cash.

Both are obviously subject to income taxes, which further decrease the jackpot.

>t. trust fund babby

i have a sweet, cushy six figure job and own a house myself, but it's only "laughably easy" if you're a spoiled mommy's boy like you

I see, lottery winnings here aren't taxed and paid in a lump sum.

New American dream is just being left alone. Commie Jews will turn that into a nightmare as well.

>60k
You can get a used one for 14k. Its rich that a nigger would say that considering how much they invest in their cars.

by thee waycan any 1 give me wall street advice im looking to take over the wall street game, ive got 11k in straight green cash im tryna do it big cuz u Kno a poet dont make shit, n a poet NIGGA reaaaaly dont make shit!!!!

I worked in a school as a janitor the last couple summers and my one coworker who is 64 told me that it is literally impossible to fail in this country if you're willing to work hard occasionally. This is the same guy who is lazy as shit and goes to Vegas 3 times a year and still has enough money to live comfortably.

I don't think it's easy to become a millionaire even in the US, but it's not hard at all to live comfortably unless you live in rural Appalachia or something

Nope.

I can say that my employer (Walmart) wont see or hear from me again if I won that much.

ya ya ok u dont nothing bout cars first of all, second ur racism dont offend me anymore I been on this site all morning

Ironic shitposting is still shitposting.

What are the odds to win the powerball lottery?

I'm gonna win that shit tomorrow. Check 'em.

0% effectively

shit posting is a new one, dont Kno were u detected irony but can some1 who Kno wall street please help me, what is a book to read u recommend or any advice im a beginner lookin to take over fast im in love wit a girl from a nice family, tryna make a move while im in college wit her but im broke as a joke

There's a better chance of finding the secret pizza dungeon.

A lot higher odds than getting rich being a wageslave. Hence people buy them.

1 ticket cost 7€ here in Germany. Not sure if it's worth it.

some1 please engage, every second counts

one in 240 million i think.

there are lower prizes of course, which have better odds.

Its not hard if you're not an brainless, incompetent nigger

Sorry, OP

Bix nood, nigga
Lovely larp

$50k/yr in today's wages is enough.

Wages need to keep with inflation of goods.

220ish million is still a lot of scratch.

what would you do with that much money Sup Forums?

I'd fund white male scholarships at universities all over the country. I'd also do social experiments involving finding cash. and finally, i'd die at the age of 40 from a heart attack as i already eat unhealthy as fuck, and that certainly would not change

The keys to the kingdom only costs $2 per ticket. Well Sup Forums, are you going to play the game?

but ur favorite rapper make more than u ever will n can pull up on ur girl any second, toss her however much she wants in cold cash n do whatvhe wants wit her, so

>b-but muh s-stupid tax
Do people who say this understand the odds of 1) fertilizing your mothers egg, 2) being born in the United States, 3) having an (even if only slightly) above average IQ?

>what would you do with that much money Sup Forums?
Buy Sup Forums

The odds are fucking irrelevant. Are you so fucking poor you can't burn $2 in hopes of a miracle?

I understood like 1 word here, try English bud

Kek has spoken, remember you got to be in to win.

1 ticket cost 7€ here that like 8.50$

a Powerball ticket here costs two US dollars
The prize depicted in the original post is for Powerball.

Yeah, but you have free healthcare and education. You can afford it.

hi u seem to Kno a lot so could u please help me or any1 who can help, time is of the essence

>free healthcare
That's a meme. The healthcare is only free if you are unemployed. Otherwise you pay between 160-800€ each month

More like $100M. The net payment on a $700M jackpot is 20%-25% of total winnings. You get taxed/levied to the tune of 80%-90%.

I'd give my immediate family and a couple friends 5 Million each.

Then I'd build a smallish mansion on a huge plot of land out west, in the middle of nowhere, and stock it to the rafters with guns, ammo, rations, and fast as fukk cars.

Maybe build a bunker and a racetrack and spend the rest of my life watching the world burn, knowing I'll likely die before the degeneracy ever reaches my oasis. Maybe pick up a cocaine habit just for shits and gigs.

>You get taxed/levied to the tune of 80%-90%.
What? is that really how bad income tax is in Canada? Fuck

I'm talking about the US. In Canada, all lottery winnings are 100% tax-free, because all lottery establishments all government owned.

Nah, it's more like

Estimated Income Tax: $175,502,619

So you keep $267797381

I might be missing a tax or two though

>what would you do with that much money Sup Forums?
Here in New York you're allowed to make a blind trust where you can name the beneficiaries and the terms of distribution, but nobody knows who owns the trust and your lawyer shows up to get the prize from the lottery commission. So I would meet a lawyer and a financial planner, best figure out how to shield my assets, and continue my white collar job for the foreseeable future until I figure out what exactly I would like to do.

>I might be missing a tax or two though

Yeah, a tax or two. Federal, state, local and municipal etc. It comes down to a total of 80%+ when including all levels of government.

hi my name is deyshaun can u help me take over wall street im a young nigga poet wit a hope in his heart like a candle flame which is shelded by the hands against the winds of the agenda against brothas who is tryna be the greatest poet of all time, but who needs to take over wall street first so as to be able to get the love of his life please

>business
>no debt

Of course I knew that already. I was only shitting on your once great nation's thirst for commie cock. Obviously, individual possession of one dollar is possession of one dollar too many under any legitimate socialist scheme.

Should've gone neet, friendo. Socialism is basically the Global Thermonuclear War or economics. The only way to win is not to play.

Or should I say, 'not to pay.' LOL.

I have $500 dollars to my name right now, but in 3 years I will have a few million and a ranch in Texas. Just invent something people need and get it out there.

Most state don't tax lotto winning. The one I'm referring to is medicaid. LOL@city tax

You are just sour grape.

pretty sure state income tax incurred is deductible from any federal income taxes due.

sweetie the liberals don't live here any moar...we hate nigger

this

fuck u all

This guys gets it. Here's an idea for what to do about all the money: keep it. Don't burn through it all like this

Most states do have a lottery tax:
taxfoundation.org/what-percentage-lottery-winnings-would-be-withheld-your-state/

>Should've gone neet
I can't do that, I need to make enough money so that I can leave this socialist hellhole.

I would love to get an investor visa one day in the usa but I need a good amount of money for that.

Interesting, you got me. I only ever lived in states that don't tax lotto winnings.

the american dream is a burned building near Las Vegas

In NH is terribly more complicated. The state has some shitty 'right to know' laws, but you absolutely have to claim it here if you bought the ticket here, and to avoid state income taxes, obviously.

So you have to set up an out of state LLC which is charged with operating a NH trust. Then the trust can claim the prize money. Even with this setup, it's still very difficult to remain anonymous to people of legal competency.

This is why I only play the lottery in NY, even when I'm traveling out of state and its more convenient.

Winning the lottery and having everyone crawl out of the woodwork looking for handouts wouldn't be worth it.

At least in America you can get a good degree and good pay. Master in Computer Science in Europe: €2500 per month before taxes. Only the top bankers earn 6 figures.

Fuck socialism.

I'd fund a Right Wing Death Squad

Okay because of you I spent 14€ for these 2 tickets. I better win the jackpot Sup Forums !

Kek, what's the size of the jackpot?

And those are expensive tickets.

>what's the size of the jackpot?
Look at OP's pic

>And those are expensive tickets.
it's really expensive if you play powerball in europe

7 euro each? jesus. they're 2 bucks a piece in burgerland

>7 euro each?
yeah pretty overpriced

Oh, you are buying through a intermediary? That's pretty trusting of you...

>I'd fund a Right Wing Death Squad
Cops hate competition even more than stale donuts, faggot.

it's the only way how you can play from here. But the site is trustworthy.

I'm gonna buy a whole island and go full Charles Kane

248.7 million after federal income tax and assuming no state tax on lotto winnings

lotterypowerpicks.com/finance/annuitycashflowcalculator.htm?inGame=pb

Why does this chart usamega.com/powerball-jackpot.asp show a 25% fed tax?

state and fed both take a chunk. its not one hand taking the 50-60% you lose

For sure, but in the calculations include a fed tax (top rate) of 40% + whatever state taxes there are.

The one I posted here does the same for state taxes, but only calculates the fed tax as 25%. Hence it makes it look like you're getting $330M.

Not sure what's up with that

Why does everyone think the lump sum is the way to go? Do you know how easy it is to fuck off from the world with only 1 million?

Even after taxes (state and federal) you'd still walk away with $10mil at least. You'd have to try real hard to blow through that living as you do now, just more lavishly and on a beach somewhere.

imagine investing the lump sum, vs waiting year after year, which you may or may not live

I'd be afraid of a massive happening/the whole system collapsing two or three years into my payments and then not getting dick after that.

A bird in hand in worth two in the bush.

14 what speak english motherfucker

14 haircombs, I think.

You know what this ( € ) sign means Burgerbro?

nobody wins the jackpot

I will

people do win the lottery. its actually the reason most states require you to publically acknowledge you won it, as its really the only proof they have that people actually win it

Depends on what you mean by 'the american dream.'

If it means do whatever you fucking what, whenever you fucking want, however you fucking want? No.

If it means living an easy life with little work? Yes. Absolutely.

The big issue is people are OBSESSED with the luxuries of suburban living. Which demands unhealthy 8+ Hour 5 Day Workweeks. All so they can afford the medication for the anxiety caused by it.

Be that drinking, partying, sex, or actual anti-anxiety meds.

The truth is, most people can retire by around 35 if they just save their money. Live with your parents, save up money for your own LAND. NOT A HOUSE YOU GREEDY FUCK.

You can build a decent homestead far from the city for about 25k. With solar panels, composting toilets, wells/rainwater, internet, phone, and just a small greenhouse, you can keep your YEARLY EXPENSES well under 3k. You could live off 30k for ten years. Thus, you could work 10 years at a 30k/yr job and live off that money for 100 years.

But no. Everyone wants big fancy cars, big fancy overpriced houses, partying every god damn week, and having a house near all the major events they probably don't go to anyway. Or maybe you want a good location for your kids to go to school, even though public school is horseshit?

Yes
Lotto is a Jewish scheme to steal more money they don't tax from the people

>condo
>several residential houses
fucking poor fags dream.
Get off your fat ass and do something.