Re: The Lottery

by **CORNER BLITZ** 2016-01-07, 21:34

LooseGoose wrote:
CORNER BLITZ wrote:https://www.usamega.com/powerball-jackpot.asp

On the annuity that's about $45K per day every day for 30 years. Isn't that a pay cut for most of the rollers here?

45k/day is for poor people. Talk to me when that number is per hour and I'll start to listen per minute

by **The Pantry** 2016-01-07, 21:47

LooseGoose wrote:
CORNER BLITZ wrote:https://www.usamega.com/powerball-jackpot.asp

On the annuity that's about $45K per day every day for 30 years. Isn't that a pay cut for most of the rollers here?

Only tanfan and SD83475.

After thinking about it, I pity whoever wins this upcoming pot. Their life would become a living hell.

by **CORNER BLITZ** 2016-01-07, 21:53

gHost Spartan wrote:
The Pantry wrote:Only tanfan and SD83475.

After thinking about it, I pity whoever wins this upcoming pot. Their life would become a living hell.
It depends on the person. Most of the people whose lives are ruined by winning the lottery are pathetic pieces of shit to begin with, dumb fucks that end up pissing the money away and who are too stupid to plan long term. Much the same as pop stars and pro athletes. I can guarantee that 99% of the people that post here would handle their winnings differently. Then again, pocketing an instant 300 million would be quite the overwhelming experience.

The problem would be all the pieces of shit that come out of the woodwork. Saw a show on tlc about this dude that won and he got over 50 letters each day from random people asking for money.

You would have to tell very few people and just straight up move somewhere and invent a back story to love hassle-free

by **Death Roe** 2016-01-07, 21:57

The person I know who won the PowerBall in Three Rivers, MI a few months ago, took the lump sum payment instead of the over-time one. Stupid.

by **WhiteBoyHatcher** 2016-01-07, 22:03

Death Roe wrote:The person I know who won the PowerBall in Three Rivers, MI a few months ago, took the lump sum payment instead of the over-time one. Stupid.

I think that's what you have to do, especially if you're over 50. The payments stop when you die, right? Hell, I'm 38 and I think I would have to lump sum it because I figure there's probably a decent chance I would die within the next few years and I wouldn't want to leave my wife and kids with only 20 mil or something.

by **Death Roe** 2016-01-07, 22:06

Shit the more I think about it, I might be "stupid" and do the lump sum.

by **The Pantry** 2016-01-07, 22:10

Jokingly mentioned the lottery when meeting with my tax guy couple years ago. Said he has 3 clients that have won from $10M to $30M. Forget his reasoning but remember him saying the lump sum is the only way to go.

by **CORNER BLITZ** 2016-01-07, 22:26

WhiteBoyHatcher wrote:
Death Roe wrote:The person I know who won the PowerBall in Three Rivers, MI a few months ago, took the lump sum payment instead of the over-time one. Stupid.

I think that's what you have to do, especially if you're over 50. The payments stop when you die, right? Hell, I'm 38 and I think I would have to lump sum it because I figure there's probably a decent chance I would die within the next few years and I wouldn't want to leave my wife and kids with only 20 mil or something.

the money would go to your wife/kids, it doesnt just disappear

and lump sum is for sure the way to go...put that shit away and you would have sooo much more money than annuity

by Guest 2016-01-08, 12:20

$800 MILLION: Powerball lottery jackpot approaches billion-dollar range

by **Dendrobates** 2016-01-08, 15:59

Yea, I bought the idiot tax. But someone has to win
I suspect that there will be multiple winners of powerball this round. Often happens when it's this high and probably every combination has been picked.

by **NigelUno** 2016-01-08, 16:18

Death Roe wrote:The person I know who won the PowerBall in Three Rivers, MI a few months ago, took the lump sum payment instead of the over-time one. Stupid.

Take the lump sum and disappear.

by **pulling69** 2016-01-08, 17:20

I bought 2 powerball and 2 megamillions(better shot at winning mega with everyone dumping into powerball). Dude at the store said he thinks it might be close to a billion by the cutoff.

by **Nordic** 2016-01-08, 17:24

pulling69 wrote:I bought 2 powerball and 2 megamillions(better shot at winning mega with everyone dumping into powerball). Dude at the store said he thinks it might be close to a billion by the cutoff.

by **Giant Moose** 2016-01-08, 17:43

I just bought $30 worth at 7/11. I am dumb.

by **I.B. Fine** 2016-01-08, 17:50

The Pantry wrote:Jokingly mentioned the lottery when meeting with my tax guy couple years ago. Said he has 3 clients that have won from $10M to $30M. Forget his reasoning but remember him saying the lump sum is the only way to go.

They're projections for the payout are ultra conservative, if you have that size lump of cash and are willing to take a tiny bit of risk, you should easily be able to do much better.
Plus, with the lump sum it's a lot easier to make it rain
The Lottery - Page 3 Make-it-rain-guys

by **The Pantry** 2016-01-08, 18:39

I.B. Fine wrote:
The Pantry wrote:Jokingly mentioned the lottery when meeting with my tax guy couple years ago. Said he has 3 clients that have won from $10M to $30M. Forget his reasoning but remember him saying the lump sum is the only way to go.

They're projections for the payout are ultra conservative, if you have that size lump of cash and are willing to take a tiny bit of risk, you should easily be able to do much better.
Plus, with the lump sum it's a lot easier to make it rain

He also said to not claim the ticket by yourself if you intend to give some of the cash to family and friends because it would end up double-taxed if you don't include them on the original claim. Had not thought about that before.

by **I.B. Fine** 2016-01-08, 18:42

Bottom line is don't be in a hurry to turn it in, get your ducks in a row with a team of pros first.

by **Jake from State Farm** 2016-01-08, 19:44

pulling69 wrote:I bought 2 powerball and 2 megamillions(better shot at winning mega with everyone dumping into powerball). Dude at the store said he thinks it might be close to a billion by the cutoff.

According to the emails I get I've already won seven or eight lotteries worth millions of dollars. I just have to send them my info and some guy from the FBI will deposit it into my checking account

by **CORNER BLITZ** 2016-01-08, 19:58

Jake from State Farm wrote:
pulling69 wrote:I bought 2 powerball and 2 megamillions(better shot at winning mega with everyone dumping into powerball). Dude at the store said he thinks it might be close to a billion by the cutoff.

According to the emails I get I've already won seven or eight lotteries worth millions of dollars. I just have to send them my info and some guy from the FBI will deposit it into my checking account

what are you waiting for???

by **Jake from State Farm** 2016-01-08, 20:17

CORNER BLITZ wrote:
Jake from State Farm wrote:

According to the emails I get I've already won seven or eight lotteries worth millions of dollars. I just have to send them my info and some guy from the FBI will deposit it into my checking account

what are you waiting for???

I need someone to front me $80k to pay the processing fees.

by Guest 2016-01-09, 09:42

by Guest 2016-01-09, 12:33

$900 Million.

$900 MILLION: Powerball lottery jackpot to create unimaginable wealth

by Guest 2016-01-09, 13:09

To help OTPT plan since he's not familiar with taxes and shit:

Annuity
Powerball Jackpot for Sat, Jan 9, 2016 $900,000,000

Gross Prize 30 average annual payments of $30,000,000
- 25% Federal Tax - $7,500,000
Subtotal $22,500,000
- State Tax:Michigan: 4.25% State Tax - $1,275,000
Your average net per year: $21,225,000
After 30 payments: $636,750,000

Lump Sum
Powerball Jackpot for Sat, Jan 9, 2016 $900,000,000
Lump-sum cash: $558,000,000
- 25% Federal Tax - $139,500,000
Subtotal $418,500,000
- State Tax:
Michigan: 4.25% State Tax - $23,715,000
Your net payout: $394,785,000

by **Giant Moose** 2016-01-09, 17:22

Any chance Powerball gets to a billion before the drawing tonight?

by Guest 2016-01-09, 17:26

Giant Moose wrote:Any chance Powerball gets to a billion before the drawing tonight?

I think it's more likely than not.

538 says a 77% chance it's won tonight, can you imagine the frenzy if it rolls over?

by **Nordic** 2016-01-09, 17:29

LooseGoose wrote:$900 Million.

$900 MILLION: Powerball lottery jackpot to create unimaginable wealth

I'm going to buy Tom Brady and make him my bitch.

by **Jake from State Farm** 2016-01-09, 20:15

LooseGoose wrote:
Giant Moose wrote:Any chance Powerball gets to a billion before the drawing tonight?

I think it's more likely than not.

538 says a 77% chance it's won tonight, can you imagine the frenzy if it rolls over?

Probably $one billion if it does. My grandchildren's grandchildren would be set for life if I hit it.

by **The Pantry** 2016-01-09, 20:40

Jake from State Farm wrote:
LooseGoose wrote:

I think it's more likely than not.

538 says a 77% chance it's won tonight, can you imagine the frenzy if it rolls over?

Probably $one billion if it does. My grandchildren's grandchildren would be set for life if I hit it.

That would be a bad idea IMO. Would turn all of them into self-serving, big-mouthed dipshits that would never accomplish anything. Sorta like SD9127393

by **Jake from State Farm** 2016-01-09, 20:43

The Pantry wrote:
Jake from State Farm wrote:

Probably $one billion if it does. My grandchildren's grandchildren would be set for life if I hit it.
That would be a bad idea IMO. Would turn all of them into self-serving, big-mouthed dipshits that would never accomplish anything. Sorta like SD9127393

I wouldn't make the access to it that easy. Higher education would be one of the prerequisites to get some of it. I wouldn't want them to end up like the Kennedy and Bush clans, and like SD 27583 or whoever the f he is..

by **The Pantry** 2016-01-09, 21:30

Re: MegaMillion$ - Time to starting wasting some money??
by Jake from State Farm Today at 20:43

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The Pantry wrote:
Jake from State Farm wrote:

Probably $one billion if it does. My grandchildren's grandchildren would be set for life if I hit it.
That would be a bad idea IMO. Would turn all of them into self-serving, big-mouthed dipshits that would never accomplish anything. Sorta like SD9127393

I wouldn't make the access to it that easy. Higher education would be one of the prerequisites to get some of it. I wouldn't want them to end up like the Kennedy and Bush clans, and like SD 27583 or whoever the f he is..

A trust would need to be worded carefully to attempt to exclude any assholes any of them might marry.

by **The Pantry** 2016-01-09, 22:28

by **tTy** 2016-01-09, 23:14

FUCK!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

by **DWags** 2016-01-09, 23:17

Not kidding you, my wife is really pissed she didn't win. We're watching Making a murder, she's on her laptop, she just read the numbers, she's pissed. Not joking pissed, really pissed.

BTW, it's the first time she's ever played.

by **WhiteBoyHatcher** 2016-01-09, 23:28

The site is seriously not loading for me. Traffic aspects. Too funny. What are the numbers?

by **pulling69** 2016-01-09, 23:30

32-16-19-57-34 and Powerball 13

by Triple Sparty 2016-01-09, 23:30

16 19. Start with those. Should eliminate any chance.

by Guest 2016-01-09, 23:32

950 million at drawing time.

by **WhiteBoyHatcher** 2016-01-09, 23:34

Yeah I didn't even get 1 powerball. Not checking the rest.

by **DWags** 2016-01-09, 23:37

I was thinking of buying all the power ball numbers. At least I would have had the power ball on one ticket

by **The Pantry** 2016-01-10, 02:10

$1.3 billion next Wednesday

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