$1.5 billion Mega Millions jackpot still unclaimed

CNBC ^ | 12-27-2018 | Yoni Blumberg

[central_va]

There’s more money in the jackpot then Trump got for our wall. What a cartoon nation we live in.

[Fightin Whitey]

That was I.

And it wasn’t my fault your Percheron stood nineteen hands tall!!

[Pontiac]

Amazing

Thanks

[ConservativeMind]

I wonder if he/she is establishing residency in a tax friendly, anonymous friendly state.

They have ‘t realized the money, yet, so it should be okay.

[lowbridge]

I won it, but i was cheated when they sold me a lottery ticket with the wrong numbers.

[lowbridge]

Hi. My name is the NRA. You can call me “the”.

[KevinB]

3) The winner is in talks with a lawyer and/or accountant and will have his/her LLC claim the prize soon.

How would an LLC help?

[KevinB]

You might it you live in a high tax state and need to establish residency in a low tax state before claiming your winnings.

I'm pretty sure you would be taxed based on the state of residency at the time the ticket was purchased rather than when it was redeemed.

[xp38]

If a Canadian ever won one of these they could eventually claim the whole prize.tax free. There would be an initial withholding tax but it could be reclaimed once the tax return for the year is filed due to the tax treaty between Canada and the US. In this case the taxes would be in the hundred million and up range that would reclaimed. For a small fee I would be willing to be the proxy winner from Canada . :)

[SuperLuminal]

Very smart... It takes a lot of time to find an honest intelligent lawyer, to get relocated, names changed, phones and utilities disconnected, determine the location that is maximally distant from "former" family & friends, get face reworked and finger prints removed, do all future banking in the Cayman Isles, get debit cards from the Cayman bank, shred the hard drive or disc of every electronic device you possess, and shred and cancel all credit cards...

Finally tell the wife, the kids, and the girl friend that you are doing all this because you are wanted for a murder (that you did not do)... This will probably be the only way your secret can remain in tact... Most significant others always blab...

[NRx]

You have to claim the ticket and pay the tax in whatever state you bought the ticket. SC allows winners to remain anonymous and the top income tax bracket is 7%.

[Coronal]

If a state allows it, claiming lottery winnings through a trust or LLC allows the winner to protect their privacy.

[Grimmy]

That’s mine!

Um... but I forgot the numbers. What were they again?

[Gay State Conservative]

How would an LLC help?

I'm not a lawyer so it could be wrong for me to have specifically mentioned an "LLC".But I've read that some winners of big prizes,after consulting a lawyer,set up one form,or another,of corporate/legal entity to claim the prize,this allowing the winner to remain anonymous.

[Gay State Conservative]

this allowing = thus allowing

[dragnet2]

Could be anything.

However, according to a former director of security for a multi-state lottery, who rigged the system winning big $ who’s now in prison, said claiming a ticket and waiting until the last minute draws the greatest scrutiny.

[Tea Party Terrorist]

This aint your daddy’s America. You will find Patel, Fernandez and Wong in every corner of this country.

[Pontiac]

I'm pretty sure you would be taxed based on the state of residency at the time the ticket was purchased rather than when it was redeemed.

Yes, it appears you are right.

I read the tax-free state trick years ago. But it only makes sense that the states would fill that loop hole soon enough.

[LibWhacker]

Purchased while tipsy and forgot all about it?