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Topic	Financial planners upset as Powerball winner buys $73 million LA mansion
variasuite 09/27/23 10:56:08 AM #158:	KitKats posted... Right now, the annuitized powerball is $850 million. If you take the lump sum, it is less than half of that at $397.4 million. You then have to pay close to 40% of that for federal income tax. Some states also have state tax on lottery winnings, but California does not. https://gamefaqs.gamespot.com/a/user_image/5/3/0/AAevWaAAE4JC.jpg Those mansions cost millions of dollars per year in upkeep and maintenance. Theyre not easy to sell because not a lot of people have that kind of money or want those specific homes. You dont buy them to flip on the market. The Hollywood hills home was originally listed at higher prices and on the market for awhile. These were impulse purchases. He'd be fine if he stopped. ~~He won't.~~ --- https://www.youtube.com/watch?v=ycE7bUq3-2k https://www.youtube.com/watch?v=b1kbLwvqugk <cite>variasuite posted [p:976334482] in Financial ... [t:80578179]...</cite> <quote>KitKats posted... </cite><quote>Right now, the annuitized powerball is $850 million. If you take the lump sum, it is less than half of that at $397.4 million. You then have to pay close to 40% of that for federal income tax. Some states also have state tax on lottery winnings, but California does not. https://gamefaqs.gamespot.com/a/user_image/5/3/0/AAevWaAAE4JC.jpg Those mansions cost millions of dollars per year in upkeep and maintenance. Theyre not easy to sell because not a lot of people have that kind of money or want those specific homes. You dont buy them to flip on the market. The Hollywood hills home was originally listed at higher prices and on the market for awhile. These were impulse purchases.</quote>He'd be fine if he stopped.He won't. --- https://www.youtube.com/watch?v=ycE7bUq3-2khttps://www.youtube.com/watch?v=b1kbLwvqugk</quote> ... Copied to Clipboard!
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