Well, it is another $1 Billion dollar jackpot (or the more impressive $1,100,000,000), this time for Mega Millions (Tuesday March 26, 2024). Powerball is threatening a part II (at $800 million).
i could use an Eostre miracle (a fiscal resurrection, if you will).
Yes, i want to win the jackpot. No, i do not look forward to all the logistical hoops involved with a deposit of that magnitude.
Definitely going to take the lump sum (my alleged father died of cancer 4 years older than i am now). Wonder with taxes how much i would really see. $525.8 million cash option if only winner (unlikely). i know federal withholding is supposed to be 24%. But if it counts as income would definitely increase my tax bracket (maybe the 37% one).
i always use the concept of getting to keep only 30%. So, only $157.54 Million after taxes. Say 2 other winners: $52.58M proceeds. Anything above that is a bonus. Prove me wrong, large Mega Millions jackpot win.
