As of this writing, the Mega Millions jackpot for Friday March 30 is $640 million. The amount is for people who choose the annuity option and are somehow able to get out of paying income tax. I don’t normally play the lottery (though I play $500/week in scratch-off tickets because I want to help the schools), but this money could pay for a lot of presidential ad time. A whole lot of presidential ad time.
I chose the cash option. The jackpot for the cash option is $462 million. After paying $161,700,000 in income tax, that will still leave $300,300,000 to play with. Some people will say the winner should pay more in income tax. However, I could see that someone who cut a check to the IRS for $161,700,000 say that he or she paid one’s fair share in taxes.
Not all of my money will go towards my campaign. I would spend $200,000 for a house and $20,000 for a new car. I would put aside $5 million so I can retire. I would rent out a hotel in Las Vegas for the ultimate “Orgies for Abstinence” scheduled for two weeks from today.
I wish everybody playing Mega Millions tonight the best of luck. Remember if you win that I am not accepting money for my campaign, but I would be unable to stop you for creating a SuperPAC that supports my campaign.
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