35-year-old arrested for stealing his roommate's winning $10 million lottery ticket

CNBC ^ | 01-09-2019 | Yoni Blumberg

[Tai_Chung]

Uh, so is it 10K, or 10M?

The difference is the Alexandria Ocasio-Cortez taxes.

[MadMax, the Grinning Reaper]

California says it has a lot of safety features regarding the lottery and its tickets, but NONE for the big winner who wants to remain anonymous for THEIR SAFETY.

California - If anyone can get something ass-backwards, they can, and always do.

[marktwain]

I assumed (wrongly, as it turns out) that the prize was to be paid out in installments. The net present value of an installment prize would have been much less than the sum of the installments, of course.

Thanks for the research to get this right.

Your plan is a good one, but the odds are the winner will not follow it.

[marktwain]

One of the things I would do is move where it is really cheap to live.

I might consider moving to Panama, If I were him.

Banking privacy. Get a pretty and talented girlfriend to teach you Spanish.

Cost of living is pretty cheap.

[Lurkina.n.Learnin]

That 10 mil would be played over a period of 30 years. Cash value would be maybe 6 mil. Then the 37% from that.