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Welcome to Chicagoland taxes

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  #121  
Old 09-02-2025, 10:01 AM
Aces4 Aces4 is offline
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If we did win the lottery at least we wouldn't have to pay Chicago taxes.
  #122  
Old 09-02-2025, 10:12 AM
Fredster Fredster is offline
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Default Lottery win answer to all life’s issues?

All this talk about lottery winning brings this to mind.
I met a guy 30 plus years ago the morning after he had won a couple million in the Illinois lottery.
He was in a rough spot in his life and I was trying to help him. To be honest I was a bit envious at the time.
When I congratulated him, he told me something I’ve never forgotten “It isn’t going to change me!”
I didn’t realize how prophetic that was.
The windfall apparently wasn’t what he needed and he didn’t live long enough to collect his second check!

Awhile ago a friend shared a prayer with me…
“I pray that God will make me want what I have!”
Happiness is an inside job!
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  #123  
Old 09-02-2025, 12:16 PM
Aces4 Aces4 is offline
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Originally Posted by Fredster View Post
All this talk about lottery winning brings this to mind.
I met a guy 30 plus years ago the morning after he had won a couple million in the Illinois lottery.
He was in a rough spot in his life and I was trying to help him. To be honest I was a bit envious at the time.
When I congratulated him, he told me something I’ve never forgotten “It isn’t going to change me!”
I didn’t realize how prophetic that was.
The windfall apparently wasn’t what he needed and he didn’t live long enough to collect his second check!

Awhile ago a friend shared a prayer with me…
“I pray that God will make me want what I have!”
Happiness is an inside job!
And that's why I would spread it around to designated projects asap. I want all but enough to live easily on gone in a hurry.
  #124  
Old 09-02-2025, 12:44 PM
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Topspinmo Topspinmo is offline
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Originally Posted by Aces4 View Post
And spend what's left of your days trying to manage your investments. Do what makes you happy. Per AI: Assuming a recent $1.3 billion Powerball jackpot, a cash option payout is estimated to be around $589 million before taxes. A lottery winner's final amount will vary based on their total taxable income and state of residence. After federal and state taxes, the final take-home amount could range from over $371 million to under $300 million. Btw, I think going out broke would be the perfect ending, last penny gone on the last day.
I rarely played mega millions and don’t ever since $5 ticket. I haven’t played Powerball this go around yet due to outrageous odds. I do occasionally play something that has lower odds when jack pot up, besides if I win probably give it to son anyway…
  #125  
Old 09-02-2025, 04:28 PM
Aces4 Aces4 is offline
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I rarely played mega millions and don’t ever since $5 ticket. I haven’t played Powerball this go around yet due to outrageous odds. I do occasionally play something that has lower odds when jack pot up, besides if I win probably give it to son anyway…
We discussed it in our home and figure winning over a billion dollars would be more hassle than it's worth at this age. Just the thought of lining up anonymity and security gives me a headache. We bought one ticket, we're done.
  #126  
Old Yesterday, 06:59 PM
BPRICE1234 BPRICE1234 is offline
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Originally Posted by nn0wheremann View Post
It has taken ten years now, but looking at my TRIM notice, the proposed county taxes, added to the amenity fees, have now topped the $7K mark, just like the old homestead in DuPage County Illinois.

However, I still think the value for dollar paid is better here. There are almost no potholes and I don't have to shovel the rain, nor will I slip and fall on the frozen sunshine.
And you dont have to worry about being shot!
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