the registers. yet in nevada the line snaked around the building, some people waiting more than four hours for a ticket. and nevada doesn t participate in the lottery, but it straddles the border. even first-timers are trying their luck. it s as big as it is. i don t normally play, but it s a huge one. i figure if i win, all of my relatives are winning. so if you take the cash payout versus installments over 29 years it comes out to $904 million before taxes. then you lose 37% in federal income tax, bringing that number down to $569 million. that s before you get hit with the state tax. the highest state taxes at new york at 8.82%. now your odds are even slimmer than they were yesterday, sitting just under 302.26 million.
on new day. powerball loser alisyn camerota has more. how do you know that, john? i haven t checked the numbers yet. i will be checking. don t count me out yet. i do think we won $36. your state tax is 8.82% in new york. it will bite into your winnings. into my $36. on new day we will begin with the breaking news in jakarta with six people killed. the attack looks similar to the isis spree in paris in november. we will get the latest from our terror experts. also, are you a millionaire this morning? three of you are. bad news, though, you have to split the $1.6 billion powerball jackpot. the good news, dozens more out there will become instant millionaires. we will show you the winning numbers and where they were bought and michaela and i will check our tickets. could you live off $4 million
the value of the jackpot but of course, you don t get anything like that because you have to pay tax. wait, so this 496 is before tax. that is just the 800 million discounted for the current net value of the jackpot. 496 million. then you have to pay taxes. all right. 39.6% for federal income tax. uncle sam gets his cut and then state and local taxes, if you re in new york, 8.82, plus oh, lord. ding, ding, ding, residents of 3.9. i ve already done the sum for new yorkers. of the 496 million, you get 283 million. those of course who those of course who have residents elsewhere, maybe in connecticut, they would of course pay less tax. all right. for that kind of money, what can you get? what would you buy?
is the home of liberalism. he hasn t changed that. he doesn t allow fracking upstate which would alleviate the unemployment problem up there. this guy is allowing bill de blasio, the mayor of new york to essentially end charter schools, ends expansion of them. not even saying anything about it. yet you have a group of republicans, people who call themselves republicans, led by the founder of home depot, saying that conservatives and republicans should vote for this guy. and what i ve been reporting and writing is that if we should support him, they shouldn t sell out so cheap. kind of like stockholm syndrome. they re stuck in new york and somehow think cuomo is their savior. remember what he said conservatives, there is really no place for you here. those who believe what conservatives believe. let s look at sop of the stats here. we have a tax rate at 8.82% tax rate statewide. it s the eighth highest among
that s $18 a month. my gas bill is all budgeted to $94. my electric bill. last month it paid $139. my cable is $68.53. and my phone was $52.79 this past month. and my water is $68.82 a month. so once you get your social security check, plus your other bills, that money is gone? yeah. yeah. no matter where you live, ageing is an expensive proposition. but more and more frequently, parents are having to rely on their children to help bear the expenses. my aunt sandy has been caring for her ailing father at her home. hi, pop? how are you today? he suffers from dementia, and now requires 24-hour-care. how old are you? should i tell him? i ll tell him. 96. tell him 96.