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David S Send message Joined: 4 Oct 99 Posts: 18352 Credit: 27,761,924 RAC: 12 |
Starting to serious think about getting a couple of Powerball lotto tickets. The number is up to 1.3 BILLION. Knowing after taxes I might get half. That still is a BIG chunk of money.If you take the lump sum, after taxes on 1.3 Billion would be 28.7% (you don't get the full amount with lump sum) not counting state income tax. $373 million aprox. You can't win if you don't play. But then, you can't lose either. David Sitting on my butt while others boldly go, Waiting for a message from a small furry creature from Alpha Centauri. |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65745 Credit: 55,293,173 RAC: 49 |
Starting to serious think about getting a couple of Powerball lotto tickets. The number is up to 1.3 BILLION. Knowing after taxes I might get half. That still is a BIG chunk of money.If you take the lump sum, after taxes on 1.3 Billion would be 28.7% (you don't get the full amount with lump sum) not counting state income tax. $373 million aprox. Correct. The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30648 Credit: 53,134,872 RAC: 32 |
Starting to serious think about getting a couple of Powerball lotto tickets. The number is up to 1.3 BILLION. Knowing after taxes I might get half. That still is a BIG chunk of money.If you take the lump sum, after taxes on 1.3 Billion would be 28.7% (you don't get the full amount with lump sum) not counting state income tax. $373 million aprox. That brings up some interesting tax questions because the other state may or may not tax a California resident on winnings in their state. And if you don't "earn" the money in California, California may not have a claim on it. I'll defer to Uli on such matters as she is much better versed in personal income taxes. Spent half the day with an auditor for State Compensation Insurance Fund. Such joy. |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65745 Credit: 55,293,173 RAC: 49 |
Starting to serious think about getting a couple of Powerball lotto tickets. The number is up to 1.3 BILLION. Knowing after taxes I might get half. That still is a BIG chunk of money.If you take the lump sum, after taxes on 1.3 Billion would be 28.7% (you don't get the full amount with lump sum) not counting state income tax. $373 million aprox. Of course on sales where if I were to buy something, like on ebay, the state says the buyer has to pay the sales tax owed to the CA franchise tax board with their income tax(only if the seller does not charge any sales tax for CA), for Me or others like Me that is flatly impossible, since I and others like Me do not get a 1099 form, nor can one be requested(one can try and fail, been there, done that). Mind you I do pay sales taxes via sellers when it's included as part of the sale, but if a seller does not charge any tax, then I can do nothing. I do pay property taxes and other taxes of course, just not income, but then I have to live on chickenfeed. The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's |
David S Send message Joined: 4 Oct 99 Posts: 18352 Credit: 27,761,924 RAC: 12 |
Starting to serious think about getting a couple of Powerball lotto tickets. The number is up to 1.3 BILLION. Knowing after taxes I might get half. That still is a BIG chunk of money.If you take the lump sum, after taxes on 1.3 Billion would be 28.7% (you don't get the full amount with lump sum) not counting state income tax. $373 million aprox. My understanding is that game show contestants have to pay California income tax on their winnings (and sales tax on merchandise winnings). But they may have a special provision to exempt lottery winnings from income tax; some other states do. David Sitting on my butt while others boldly go, Waiting for a message from a small furry creature from Alpha Centauri. |
Gary Charpentier Send message Joined: 25 Dec 00 Posts: 30648 Credit: 53,134,872 RAC: 32 |
Starting to serious think about getting a couple of Powerball lotto tickets. The number is up to 1.3 BILLION. Knowing after taxes I might get half. That still is a BIG chunk of money.If you take the lump sum, after taxes on 1.3 Billion would be 28.7% (you don't get the full amount with lump sum) not counting state income tax. $373 million aprox. Cal Lotto winnings are not taxed to Cal residents by Cal, special law, don't know about out of state winners. People do move and winnings that one state might not tax may be taxed by another. There may be tax credits in one state for paying taxes in another. There is no rule of thumb, each situation will be different. |
rob smith Send message Joined: 7 Mar 03 Posts: 22199 Credit: 416,307,556 RAC: 380 |
...or dollar signs, which might be more appropriate Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
woohoo Send message Joined: 30 Oct 13 Posts: 972 Credit: 165,671,404 RAC: 5 |
i only know of the politics of dancing |
woohoo Send message Joined: 30 Oct 13 Posts: 972 Credit: 165,671,404 RAC: 5 |
it's a british song |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65745 Credit: 55,293,173 RAC: 49 |
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rob smith Send message Joined: 7 Mar 03 Posts: 22199 Credit: 416,307,556 RAC: 380 |
long live the Queen She's not doing too bad at ~89.75 years and counting Bob Smith Member of Seti PIPPS (Pluto is a Planet Protest Society) Somewhere in the (un)known Universe? |
Bill Walker Send message Joined: 4 Sep 99 Posts: 3868 Credit: 2,697,267 RAC: 0 |
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JaundicedEye Send message Joined: 14 Mar 12 Posts: 5375 Credit: 30,870,693 RAC: 1 |
As I've said for years, they are not a United States at all, just effectively a group of 50 separately run countries.We designed it that way on purpose with the intent being the sovereignty of each State superseding that of the Federal government except in international matters. It has been bastardized by 215 years of Centrist meddling. Just crap politics, unworkable laws, useless administrations. The American people deserve better than they get. I'd love to see another American Civil War, the people rising up against the politicians. I'd support them.We deserve exactly what we've got if we as a people are too stupid to quit electing twits.........and that is the last I will say on this in this thread, and I too will never again swim in the cesspool of the Politics Threads. "Sour Grapes make a bitter Whine." <(0)> |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65745 Credit: 55,293,173 RAC: 49 |
Articles of Confederation - Failed(1781-1791), replaced by US Constitution in 1791 in a 9-4 vote of all 13 states, 9 votes was all that was needed for a legal victory under the Articles, the founders were for replacing the Articles, which except for the one and only US Constitution, which were the only 2 governing documents passed by Congress between 1775-1791, the only other Document that was passed was the Declaration of Independence in 1776, the rest of the time Congress was managing the Continental Army and the Continental Navy/Marines in the American Revolution. States Rights, Limited Government and Nullification are only found in the Articles of Confederation and nowhere else. Under the Articles no Taxes could be collected by the US Government and hence No standing Army could be supported either, there were 2 rebellions, 1 under the Articles in 1786(Shays), that was put down by a small Army raised by the state of Massachusetts and 1 under the US Constitution in 1794(Whiskey), that was put down by President Washington and 13,000 US Army Troops, both were put down. http://www.studyapush.com/2009/10/significant-relationship-between-shays.html None of the proceeding text is an opinion, just facts. The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's |
Gordon Lowe Send message Joined: 5 Nov 00 Posts: 12094 Credit: 6,317,865 RAC: 0 |
I don't have a smartphone, so I really don't know how the signatures on emails from them work, but can people turn off the little tag line that says, "Sent from my iPhone"? It's obviously an advertisement for the gadget, and kind of annoying to me. The mind is a weird and mysterious place |
JaundicedEye Send message Joined: 14 Mar 12 Posts: 5375 Credit: 30,870,693 RAC: 1 |
Hi Gordon; If you look at your signature settings for email there should be editing options. That's what I did with my window$ phone (and my M$ mail account). ":D) "Sour Grapes make a bitter Whine." <(0)> |
David S Send message Joined: 4 Oct 99 Posts: 18352 Credit: 27,761,924 RAC: 12 |
What I was taught was that the Constitution says "the states cannot do - - -," "Congress cannot do - - -," and "Congress can do - - -." Then it says anything not enumerated in those three sections is left to the states. This is what we call states' rights. I think it doesn't work as well now in this age of quick travel and instant communication. David Sitting on my butt while others boldly go, Waiting for a message from a small furry creature from Alpha Centauri. |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65745 Credit: 55,293,173 RAC: 49 |
What I was taught was that the Constitution says "the states cannot do - - -," "Congress cannot do - - -," and "Congress can do - - -." Then it says anything not enumerated in those three sections is left to the states. This is what we call states' rights. I think it doesn't work as well now in this age of quick travel and instant communication. the powers not delegated to the states, is either enumerated or is something Congress can make into a law, but like I said states rights as a concept that is written down, does not exist in the US Constitution, as an example some have tried to assert Nullification of US Law in the courts and every time that's been pursued, Nullification gas been shot down as Unconstitutional. 10th Amendment: "powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people." http://legal-dictionary.thefreedictionary.com/states'+rights Proponents of states' rights argued against extensive use of the Commerce Clause, which gave the federal government the power to regulate interstate commerce, and the federal government's power to tax for the General Welfare. Given the desperate economic situation, such arguments fell on deaf ears. By the end of World War II, centralized authority rested with the federal government. It's like some think that having uniform laws and rules at the interstate level is a bad thing, not to mention not caring if one can't work and so some would want some people to live or die on their own of neglect. The idea is if one can't work, die quickly, for one will and should get no government help. I'm not for Ayn Rand type polices, nor of dying of neglect, My Dad was a Medic in the US Army in WWII Europe(368th Medical in one pic(attached to the 3rd Army), wartime censorship was in effect, so He couldn't say what unit He was in and I think He couldn't reveal that He was a Medic(In one B&W picture He was in a foxhole with a plain steel helmet w/netting on His head, an ammo belt on and a Colt model 1911 .45 cal Pistol in His left hand, He had 20/50 and 20/100 eyesight, I don't know if He could hit much with the pistol), He did get recommended for 2 commendations for His paperwork on Allied and POW patients, He was in N.Africa, Sicily, Anzio(near Rome Italy), N.France(We have a pic of Him on a street in Paris with the Eiffel Tower in the background, the pics are stored somewhere in My sister in laws house, My younger niece never throws stuff out) and Occupied Germany until 1946, He was sent home in Oct 1946 I read), He saw plenty of people worked to death and/or neglect, just stacked like cordwood, ready for disposal in the ovens, He didn't trust Doctors who hadn't served in the US Military after WWII. My Dad is My hero, I wish I could tell Him that. The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's |
zoom3+1=4 Send message Joined: 30 Nov 03 Posts: 65745 Credit: 55,293,173 RAC: 49 |
Then there is the Supremacy Clause The Supremacy Clause of the United States Constitution (Article VI, Clause 2) establishes that the Constitution, federal laws made pursuant to it and treaties made under its authority, constitute the supreme law of the land. It provides that state courts are bound by the supreme law; in case of conflict between federal and state law, the federal law must be applied. The T1 Trust, PRR T1 Class 4-4-4-4 #5550, 1 of America's First HST's |
JaundicedEye Send message Joined: 14 Mar 12 Posts: 5375 Credit: 30,870,693 RAC: 1 |
Not written down????????? The Tenth Amendment (Amendment X) to the United States Constitution, which is part of the Bill of Rights, was ratified on December 15, 1791.[1] It expresses the principle of federalism, which strictly supports the entire plan of the original Constitution of the United States of America, by stating that the federal government possesses only those powers delegated to it by the United States Constitution. All remaining powers are reserved for the states or the people. "Sour Grapes make a bitter Whine." <(0)> |
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