Posted on 01/13/2016 9:27:00 AM PST by NRx
The amounts are so large and I’m getting old enough that it probably doesn’t matter what I did with the winnings. I probably couldn’t spend that much money in the rest of my life without buying pro sports franchises or tropical islands.
Sounds like a good start. :)
Even if your state doesn’the allow an anonymous collection of lottery winnings, you could still form a trust, llc, or holdings corp. and remain anonymous.
ANY $$$$ THAT’S LEFT OVER WILL BE,
1. THE GRAND CHILDREN’S BIRTHDAY’S OR HOLIDAY’S.
2. A COLLEGE FUNG FOR EACH OF THEM.
3. LOOSE POCKET CHANGE FOR ME.
There is a section on the powerball site about previous winners. One older guy in california won a bunch of money - 100+ million.
“Well - I’ll buy some good cars for my kids for their families - SUV’s for the snow with decent gas mileage. Nothing fancy like a Lexus or such. I like my truck and my house so I’m not getting anything new. I’m an old guy - I don’t need much.”
I’m the only person in the country (the world?) with my name as far as I know. Can one get a name change in 180 days?
That's what our office pool would have to do. Even with a 40+ way split it still would be a nice chunk'a change. I'd leverage about half of my share by putting downpayments on several well-located apartment buildings and taking the writeoffs on the property tax, financing and operating costs. Correctly managed, that would feed my descendants for several generations, if America lasts that long.
Be interesting to know how it’s possible to get 75% coverage on a huge volume of sales last time that boosted the pot by $600 million, but 85% coverage on a relatively puny volume of sales in comparison this time that is only going to boost the pot by $200 million???... Something’s fishy in Denmark.
And if you buy it from a vending machine, you don't get a choice. You can only lump sum.
If I win this powerball draw I could see my self buying some small bank like Mr Drysdale bank in the Beverly Hillsbillies. hehe
Not really. It went from $500 million (Jan 6) to roughly $950M (Jan 9) at the last drawing. With each ticket running $2 (and some costing $3 if they used the Poweplay) that’s no more than 225 million tickets. Some will undoubtedly have been duplicates. The odds of winning are just a tick under 1 in 300 million. It sounds about right to me.
Oops... ERROR. It would have been around 400 million tickets because half the money collected does not go into the pot. Still when considering the extra buck on a lot of tickets plus the inevitable duplicate #s I think it is pretty reasonable. They are certainly selling more tickets this time around.
BKMK for when I Win
**** “The annuity is a certified asset. If you die it would become part of your estate and pass to your heirs” ****
And what is the Death Tax on that? 50%?
40% assuming you do not live in a state with a death tax.
***** “HAHAHAHA.”If you can’t stand in front of it with an AR15, you don’t own it”. For all you “investors” out there, check banking laws, the laws about stock “ownership” and look up “MF Global”.
PS. You never really own your property. Tribute must always be paid to a bunch of retards sitting at a table who threaten you with violence perpetrated by simpletons in silly uniforms.”*****
I wish you and about 500 like you were my neighbors, I’m in Texas but it is still a mixed bag...
I think after Jan 1 even the IRS desk jockeys are now granted Agent Status (Armed and other powers)
You would need VERY deep pockets! LOL!
A VERY funny movie.
.
So let it be written, so let it be done.
Go FL!
5.56mm
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