Lottery thread part II - 865m Mega Millions Jackpot, 730m PowerBall Jackpot

[airbus1094]

Take 10% of the winnings and go have a blast, invest the rest in a semi-responsible manner and live of the 4-5% interest you get every year.

On a side-note, I would quit my job, but I think I would go find another job that I would be more passionate about, helps to have some structure in your life.

 

[Swervin81]

As usual, Oliver nails it.

 

[John Price]

John Oliver GOAT.

 

[JS19]

I bet it's the same people who complain that the rich should pay more in taxes

It's one thing to tax rich people who earn their wages through income, but in what world is lottery winnings a source of income? You didn't work for it, you got it out of sheer dumb luck.

 

[Cody Webster]

Stopped and got $10 worth tonight. At least none of my lines have the PB repeating this time

 

[illpucks]

 

[John Price]

Ovi

 

[Dog]

Ovi

 

[Dave]

Isn't that ovi's dad? If so, I thought his dad died.

 

[Dog]

Isn't that ovi's dad? If so, I thought his dad died.

Yes.

No his father never died.

 

[kingsholygrail]

Watch Ovi win and retire from hockey immediately after promptly telling everyone to **** off.

 

[JS19]

Isn't that ovi's dad? If so, I thought his dad died.

You might have mixed up the dad for the brother. The brother is the one who died.

 

[Backstrom #19]

Everybody got their lucky numbers?

And if I ever won I would completely disappear off the face of the earth. My close family and about two friends would know where I was.

 

[Satan]

4
20
69
6
66

my numbers

 

[John Price]

1
2
3
4
5
6

 

[Epsilon]

Bought 3 random lines yesterday while getting gas. I know the redball numbers are 6, 13, and 20 because I'm using them to gamble on beer in some Facebook groups.

 

[yubbers]

Mike Richards will win it
Or Scott Gomez

 

[Shrimper]

Will buy mine tonight.

 

[irunthepeg]

Watch the person win and blow all that money in a year.

 

[Ceremony]

Watch the person win and blow all that money in a year.

What a year that would be.

 

[Shrimper]

Watch the person win and blow all that money in a year.

I doubt you'd see someone take it as a lump sum.

I think I read somewhere that if you took it as a lump sum then after taxes you'd have around $450-$500m left from the original $1.5bn.

If you take it as an annuity each year, you have a lower tax bill I believe.

 

[irunthepeg]

I doubt you'd see someone take it as a lump sum.

I think I read somewhere that if you took it as a lump sum then after taxes you'd have around $450-$500m left from the original $1.5bn.

If you take it as an annuity each year, you have a lower tax bill I believe.

Oh right. Yeah wow, you'd lose a billion? That's so wack. You lose more than you keep... Take it as a lump sum, spend $100 million to take yourself off the grid, never pay taxes

 

[EvilCoop]

You only get $500 million, but not primarily because of taxes. The lump sum is always significantly lower than the annuity. They're factoring in inflation and various other things when the come up with the prize amounts in annuity and lump sum form.

Ideally, you wait before claiming your ticket, you get your big law attorney, your financial advisor, and your tax accountant and then you take the lump sum. If you lack the competence to do those three things first, then you should take the annuity.

 

[KesselBuiltMyHotrod]

The only reason not to take the lump sum is if you're self-aware enough to know you're too stupid to properly handle the money.

 

[Blackhawkswincup]

Everybody got their lucky numbers?

And if I ever won I would completely disappear off the face of the earth. My close family and about two friends would know where I was.

Uncle Sam would make sure to keep tabs on you