If I win MegaMillions tonight, I will pay more taxes than what BP will pay for their disaster

[itsrobert]

Isn't that something to think about?

[BrklynLiberal]

1. I hope you win..but I also hope that you are wrong about what BP will pay...

It should be closer to $15billion

[Dr Morbius]

2. Yup, and that won't come close to covering all the costs of the spill. (nt)

[Ikonoklast]

3. Not if you get good financial advice.

Lots of ways to minimize the tax burden on a windfall.


Hope you win...can you spot me a sawbuck 'til payday?

[The_Commonist]

6. Actually, I'm gonna win it tonight...

...and I plan on paying as much tax on my winnings as possible!

[Dr Morbius]

8. Actually, in my fantasies of winning myself...

...I'd be paying 31% in federal taxes, so I'd devote an additional 8% to funding scholarships. I've always advocated a top tax rate around 39%, so I'd be compelled to put my money where my mouth is.

Tell ya what, Commonist... if I win, I'll spot you ten grand. Will you do the same for me? :)

[meegbear]

4. If you win, give me the ticket and I'll take "the fall" for you

[BrklynLiberal]

5. You are a true gentleman and scholar....How generous of you...

:rofl: :rofl: :rofl: :rofl:

[Stevenmarc]

7. LOL, get in line.

[Liberal_in_LA]

9. good luck

[global1]

10. Hurry Up And Incorporate.......nt

[SidDithers]

11. BP is still responsible for the cost of the cleanup...

and that's gonna be a huge number.

The $75 million is the cap on their liability to those with civil claims against them. Above the $75 million, those claims will go against a pool that all the oil companies have paid into. Edit: paid into through an $0.08 per barrel tax.

http://www.nytimes.com/2010/05/02/us/02liability.html

At least that's how I think I've read it.

Sid

[OneBlueSky]

12. um . . . hate to break it to ya, but . . .

I happen to have the winning ticket . . . :hi:

[MiniMe]

13. You can't win, I'm going to win