WEBVTT - Rush Limbaugh October 30th 2018

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<v Speaker 1>My friends, I enjoy things that are well made. Take

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<v Speaker 1>cigars for example. The details are what matter. A proper assembly,

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<v Speaker 1>properly rolling the cigar is essential. For a good draw,

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<v Speaker 1>the feel and the look of the rapper has to

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<v Speaker 1>be just right. Well. Details also matter when it comes

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<v Speaker 1>to home security, and simply Safe Home Security pays attention

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<v Speaker 1>to the details. It's evident in their use of tech

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<v Speaker 1>and craftsmanship. Their focused on creating the most reliable security

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<v Speaker 1>for your family shows in the details. Simply Safe centers

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<v Speaker 1>are small, they don't destroy the look of your home.

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<v Speaker 1>The system is easy to set up and use. They

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<v Speaker 1>made sure that it works even in the event of

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<v Speaker 1>power outages are down wires, and unlike other home security companies,

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<v Speaker 1>Simply Safe never asks you to sign a contract. See

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<v Speaker 1>how good Simply Safe really is. Right now, get ten

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<v Speaker 1>percent off your system at simply Safe USA dot com.

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<v Speaker 1>That's simply Safe USA dot com. Ten percent off simply

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<v Speaker 1>Safe USA dot com. This past weekend, the Powerball jackpot

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<v Speaker 1>was almost six hundred eighty eight million dollars divided between

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<v Speaker 1>two winners. One was from Iowa and one was from

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<v Speaker 1>New York, So that's three hundred and forty four million

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<v Speaker 1>dollars each, right, No, my friends, no, no, no, no, no,

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<v Speaker 1>not even close. CNBC looked at the winners tax bill. Now,

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<v Speaker 1>they can choose to take their prize as a lump

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<v Speaker 1>sum or spread over thirty years. Now, let's say they

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<v Speaker 1>choose the lump sum. They start with about two hundred millions.

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<v Speaker 1>The Feds take twenty four percent off the top and

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<v Speaker 1>more when winners file their taxes. After federal taxes, the

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<v Speaker 1>winnings are down to roughly a hundred twenty five million

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<v Speaker 1>dollars each. New York and Iowa state taxes bring the

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<v Speaker 1>winnings to about one hundred seven million dollars each, and

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<v Speaker 1>then come the local taxes. The bottom line, the winners

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<v Speaker 1>who started with three hundred forty four million will pay

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<v Speaker 1>almost forty five percent of their prize and taxes. That's

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<v Speaker 1>a shame. Are you stunned? You maybe even feel sorry

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<v Speaker 1>for the winners who have to fork over so much

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<v Speaker 1>on a prize they won. Probably not. You think it's

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<v Speaker 1>still a lot of money. Let me ask you this, then,

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<v Speaker 1>Do you feel the same for people forced to pay

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<v Speaker 1>those taxes on money they have earned? Not one. A

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<v Speaker 1>lot of people pay the same amount of money on

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<v Speaker 1>money they earn. How do you feel about that? You

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<v Speaker 1>probably don't care either, because it isn't you