Posted on 01/13/2016 9:27:00 AM PST by NRx
Land. I would buy properties in several places around the world.
A cozy mountain home in the Swiss Alps.
Another home on the Amafi coast in Italy, probably the Sorrento area.
Large wooded ranch out West -Maybe Utah, New Mexico...
A several thousand acre hunter’s paradise in the Southeast.
A nice Condo in Trump Tower in Manhattan.
A Florida condo in Miami Beach.
A Hawaii beach house.
Maybe an island off the Maine or Nova Scotia coast.
The last time I played lottery, powerball was $1.00 a ticket. When it gets past .5 Billion, I’ll throw a couple of bucks into the kitty. What the hell. More than a Billion and I’ll throw a few more bucks in. But I ain’t gonna go crazy about it. What ever I’ve spent on the lottery in my lifetime is well under a hundred.
“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”
Excellent! Quote of the day!
I’d bail out the F-35 program. Wait. that is n’t enough money.
Before cashing in a big ticket, go to court and change your name to something really common, i.e “Richard Anderson” or “Mary Miller”. Get a new ID & SS card under that name and use these to claim your prize. Afterward, change back to your original name or to something else. That one should probably be done out of state. Leave the media hounds, salesmen, scammers and leeches looking for someone who doesn’t exist.
“I don’t mind paying the “voluntary tax on the stupid†when I get a few lottery tickets. It’s worth a few bucks to rev up the imagination about all the “what if†ideas.”
Bingo! I only play 2 or 3 times a year when the jackpots are big enough to draw attention. I figure it’s worth the cash to have fun dreaming for a bit.
I will now be able to proudly say “Super Size it!”
Can now go to Walmart instead of the Dollar store.
I’ll have bacon on the burger AND fries.
Tax question - if you take the lump sum, you have to pay state tax for the state in which you bought the ticket.
But suppose you take the annuity - First year, yes you have to pay state tax based on the state where the ticket was purchased. That leaves a follow on question for the annuity payments. Suppose you move to a state that does not tax the annuity (Florida). Do you still have to pay the original state taxes each year? I would not think so.
I only buy tickets when the jackpots swell and are on the news. Somebody will win and it might as well be me. I also just buy one or two tickets....it’s not an investment....I have heard all the arguments against buying the tickets, but I just want to believe it could be me. When it is not, I never fret over it.
I would use the money to enjoy life away from crowds and to find a way to help some deserving folks and causes quietly and without fanfare.
BINGO
I always said I would buy the biggest ranch land I could afford and put as many rescue horses on it that it could reasonably sustain. I love watching horse run they way they were meant too.
Then there is the dog and cat facilities
But my first priority would be children suffering around the world. Give to those orphanages and try to adopt as many as I could
We are doing it here at work, 40 of us....I would contact my cousin who is a certified financial planner, pay my debts and mortgage, give my condo to someone in the Military, resign, but an Escalade, move to New Hampshire (have a ton of homes picked out) and enjoy with the family and a few close friends.....also I would contribute to the Military and Vets and a few animal shelters.
Bump
“The annuity is a certified asset. If you die it would become part of your estate and pass to your heirs.”
And the present value of the annuity is considered as taxable income. States will make annual annuity payments to you and then to your heirs until the money runs out. If you die before receiving all your annuity payments, your estate and heirs could face a whopping death-tax bill on all the unpaid money remaining in the annuity. That tax would be due all at once in the year of your death. In effect, your estate and heirs would owe tax today on money that won’t be paid for years to come.
Shut down the all Kardashian TV shows.
P.O. my wife and get my Driving Permit, State Authorized Legally reissued, get Auto insurance for me, and buy a new truck, with the Raging Hot New Cooper Tires with a full Spare Tire: and to make continuing to live possible; buy her wife a new car of her choice.
Right off the bat I’d go out and purchase the new Ford GT.......with snow tires.
Sidenote: I notice we’re only up to $1.5 billion from $1.3 billion on Saturday. That’s $200 million in four days. Compare that to an increase of $600+ million in three days for the previous draw. Fewer ticket sales means sparser coverage of the combinations, and thus we might very well see another rollover or two. Can anyone say “two billion dollars?”
Not an option here. But fortunately my name is common enough that there are about twenty-thirty of me in my county, so I can say "nope, it ain't me" as I quietly fade from sight.
The last drawing had about 75% of the possible numbers chosen. Lottery officials have said they expect slightly over 85% for tonight’s drawing. So yeah it’s possible, but unlikely.
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