Powerball 1.3 Billion

[BLS 314]

Personally. ...i would buy a canoe. And row competitively to music....most likely to Lady in Red.

Literally a handful of people will clap awkwardly for me.

[BLS 314]

1. Quit my job.

2. Hire an attorney.

3. Set up a trust with 50 million dollars invested in a safe, interest bearing account.

4. Pay lawyer fees with interest earned on 50 million dollar investment, to manage trust.

5. Trust is 100% out of my hands, and anyone who asks me for an investment loan, gift, school money, etc., gets referred to trust.

6. Trust will determine eligibility of monetary requests and can only give out money based on predetermined criteria agreed to by myself and lawyers.

7. Never worry again about people asking me for money.

8. Buy Lamborghini. I don't care which one. Black.

9. Attempt 200mph in Lamborghini. Probably with Mmmm....Beer in the passenger seat, just so I have a witness. He can shoot at street signs while we attempt this.

10. Buy 10 - $1,000,000 homes throughout the US. Prepay taxes, maintenance, heat and electric on each home for next 40 years.

11. Pay off all debts of parents and siblings. Setup trust that pays them each $50,000 per year for next 40 years.

12. Hire personal assistant. With enormous cans.

13. Hire personal trainer. Because I'm about to RUIN my heart.

14. Hookers and Blow. P!ss away the rest.

[Magnificent Bastard 191]

1. Quit my job.

2. Hire an attorney.

3. Set up a trust with 50 million dollars invested in a safe, interest bearing account.

4. Pay lawyer fees with interest earned on 50 million dollar investment, to manage trust.

5. Trust is 100% out of my hands, and anyone who asks me for an investment loan, gift, school money, etc., gets referred to trust.

6. Trust will determine eligibility of monetary requests and can only give out money based on predetermined criteria agreed to by myself and lawyers.

7. Never worry again about people asking me for money.

8. Buy Lamborghini. I don't care which one. Black.

9. Attempt 200mph in Lamborghini. Probably with Mmmm....Beer in the passenger seat, just so I have a witness. He can shoot at street signs while we attempt this.

10. Buy 10 - $1,000,000 homes throughout the US. Prepay taxes, maintenance, heat and electric on each home for next 40 years.

11. Pay off all debts of parents and siblings. Setup trust that pays them each $50,000 per year for next 40 years.

12. Hire personal assistant. With enormous cans.

13. Hire personal trainer. Because I'm about to RUIN my heart.

14. Hookers and Blow. P!ss away the rest.

Worms is available for your legal needs. His work days are free.

[tanatastic 2,062]

1. Quit my job.

2. Hire an attorney.

3. Set up a trust with 50 million dollars invested in a safe, interest bearing account.

4. Pay lawyer fees with interest earned on 50 million dollar investment, to manage trust.

5. Trust is 100% out of my hands, and anyone who asks me for an investment loan, gift, school money, etc., gets referred to trust.

6. Trust will determine eligibility of monetary requests and can only give out money based on predetermined criteria agreed to by myself and lawyers.

7. Never worry again about people asking me for money.

8. Buy Lamborghini. I don't care which one. Black.

9. Attempt 200mph in Lamborghini. Probably with Mmmm....Beer in the passenger seat, just so I have a witness. He can shoot at street signs while we attempt this.

10. Buy 10 - $1,000,000 homes throughout the US. Prepay taxes, maintenance, heat and electric on each home for next 40 years.

11. Pay off all debts of parents and siblings. Setup trust that pays them each $50,000 per year for next 40 years.

12. Hire personal assistant. With enormous cans.

13. Hire personal trainer. Because I'm about to RUIN my heart.

14. Hookers and Blow. P!ss away the rest.

The only life plan that matters.

[parrot 789]

1. Quit my job.

2. Hire an attorney.

3. Set up a trust with 50 million dollars invested in a safe, interest bearing account.

4. Pay lawyer fees with interest earned on 50 million dollar investment, to manage trust.

5. Trust is 100% out of my hands, and anyone who asks me for an investment loan, gift, school money, etc., gets referred to trust.

6. Trust will determine eligibility of monetary requests and can only give out money based on predetermined criteria agreed to by myself and lawyers.

7. Never worry again about people asking me for money.

8. Buy Lamborghini. I don't care which one. Black.

9. Attempt 200mph in Lamborghini. Probably with Mmmm....Beer in the passenger seat, just so I have a witness. He can shoot at street signs while we attempt this.

10. Buy 10 - $1,000,000 homes throughout the US. Prepay taxes, maintenance, heat and electric on each home for next 40 years.

11. Pay off all debts of parents and siblings. Setup trust that pays them each $50,000 per year for next 40 years.

12. Hire personal assistant. With enormous cans.

13. Hire personal trainer. Because I'm about to RUIN my heart.

14. Hookers and Blow. P!ss away the rest.

Great, the buy who couldn't handle a Dodge is gonna buy a Lambo.

[parrot 789]

Personally. ...i would buy a canoe. And row competitively to music....most likely to Lady in Red.

Literally a handful of people will clap awkwardly for me.

Are you John Dupont?

[cbfalcon 827]

With 1.3 billion, I'd have enough money to buy up all combinations on the next 2 Powerball drawings, and still have $100m left over. May as well use my money to make money, right?

[Magnificent Bastard 191]

No offense, but you guys are a bunch of pikers. First of all, I'm not paying all those taxes. Too rich to have to pay them. I'll immediately file a lawsuit, and have that money put in escrow until the case winds its way through. In the meantime, I'll borrow against it at a nice low interest rate, invest that and when it comes out the other end I'll pay the capital gains rate. So I pay about 3%-4% interest, plus the 15% pct capital gains, instead of the 38% I would have to otherwise. I would also go about buying 9-10 congressmen, and a few senators. Then I really start taking it in. Then the American public might start to get it

[posty 2,795]

The government is sure going to come out the winner when someone wins...

[Mike Honcho 5,383]

The government is sure going to come out the winner when someone wins...

 

I'd buy the most powerful anti-depressant pill in the world and have it put into posty's water supply.

[MTSkiBum 1,626]

The government is sure going to come out the winner when someone wins...

How dare they take that hard earned money!

[BunnysBastatrds 2,552]

The government is sure going to come out the winner when someone wins...

http://www.marketwatch.com/story/i-already-know-the-winner-of-the-next-powerball-drawing-2016-01-10

 

 

 

But let’s not focus on the “winner” here because the real winner of the lottery system is not the person who buys the winning ticket. The real winner is the government, which taxes the winner. The government automatically withholds 25%, but the winner will be bumped into the highest marginal tax bracket in the case of the lump sum. In addition, the player will very likely pay a state tax (usually 4% to 9%) and perhaps even local taxes. While the Powerball will be marketed as a $900 million prize, the actual payout to a winner in, say, Washington D.C., will be only $289.6 million — a full 68% less than advertised.

[RaiderHaters Revenge 4,474]

anyone who is thinking about taking lump sum should think again

 

you will get 1.3 billion paid out over 20 years (able to be placed in trust for heirs) which comes out to roughly 65 million annually, you will then be taxed quite immensely, but still net way more than the 400 mil you might get from the lump sum. When people above talk about investing or what not, what investment are you going to get 100% profit guaranteed over 20 years, and 40 mil annually is more than enough to live off, also there are not many places to keep your 400 mil safe

 

my choice is not lump sum, but I am in the 1% minority probably

[Magnificent Bastard 191]

anyone who is thinking about taking lump sum should think again

 

you will get 1.3 billion paid out over 20 years (able to be placed in trust for heirs) which comes out to roughly 65 million annually, you will then be taxed quite immensely, but still net way more than the 400 mil you might get from the lump sum. When people above talk about investing or what not, what investment are you going to get 100% profit guaranteed over 20 years, and 40 mil annually is more than enough to live off, also there are not many places to keep your 400 mil safe

 

my choice is not lump sum, but I am in the 1% minority probably

F that. Taxes are for little people.

[IGotWorms 4,060]

 

I'd buy the most powerful anti-depressant pill in the world and have it put into posty's water supply.

All the SSRIs in all the world wouldn't help poor posty

[Cruzer 1,995]

anyone who is thinking about taking lump sum should think again

 

you will get 1.3 billion paid out over 20 years (able to be placed in trust for heirs) which comes out to roughly 65 million annually, you will then be taxed quite immensely, but still net way more than the 400 mil you might get from the lump sum. When people above talk about investing or what not, what investment are you going to get 100% profit guaranteed over 20 years, and 40 mil annually is more than enough to live off, also there are not many places to keep your 400 mil safe

 

my choice is not lump sum, but I am in the 1% minority probably

I'm 46 now, surely to Gawd the $600m or so I'd get in a lump sum would be enuff to not have to worry about "running out" till I pass... Plus with the lump sum - I have more control over who gets what and how it's spent.

[Mike Honcho 5,383]

anyone who is thinking about taking lump sum should think again

 

you will get 1.3 billion paid out over 20 years (able to be placed in trust for heirs) which comes out to roughly 65 million annually, you will then be taxed quite immensely, but still net way more than the 400 mil you might get from the lump sum. When people above talk about investing or what not, what investment are you going to get 100% profit guaranteed over 20 years, and 40 mil annually is more than enough to live off, also there are not many places to keep your 400 mil safe

 

my choice is not lump sum, but I am in the 1% minority probably

 

you could invest in tax free municipal bonds(and that's being super conservative) and come out ahead of the annuity payments.

[frank 2,331]

I would buy this place and ban all of you. If I had any money left over, I would buy a new TV.

[Patriotsfatboy1 1,433]

I would buy this place and ban all of you. If I had any money left over, I would buy a new TV.

 

You could just skip on buying 8 tickets to PowerBall to purchase this place.

[Bert 1,128]

 

You could just skip on buying 8 tickets to PowerBall to purchase this place.

[Vikings4ever 568]

 

you could invest in tax free municipal bonds(and that's being super conservative) and come out ahead of the annuity payments.

And hope you don't get focked in the ass like Detroit bond holders.

[jerryskids 6,988]

anyone who is thinking about taking lump sum should think again

 

you will get 1.3 billion paid out over 20 years (able to be placed in trust for heirs) which comes out to roughly 65 million annually, you will then be taxed quite immensely, but still net way more than the 400 mil you might get from the lump sum. When people above talk about investing or what not, what investment are you going to get 100% profit guaranteed over 20 years, and 40 mil annually is more than enough to live off, also there are not many places to keep your 400 mil safe

 

my choice is not lump sum, but I am in the 1% minority probably

I think the annuity is 30 years these days, not 20. I'm 48 which means I'd be getting paid until 78; if I won I would expect to die earlier than that from all of the Asian hookers and heroin.

[Magnificent Bastard 191]

I think the annuity is 30 years these days, not 20. I'm 48 which means I'd be getting paid until 78; if I won I would expect to die earlier than that from all of the Asian hookers and heroin.

You don't need millions for that. Just get your Dr to write a prescription for Oxy and go visit TBBOM

[titans&bucs&bearsohmy! 2,745]

You don't need millions for that. Just get your Dr to write a prescription for Oxy and go visit TBBOM

Skip the prescription. I know a guy who will sell you all the oxy you what here.

[mobb_deep 920]

China is starting to sound p. cool.

[titans&bucs&bearsohmy! 2,745]

China is starting to sound p. cool.

Well, the thing with pills in China im told is there is no fda.

 

So your oxy could be pure oxy straight from the pheizer plant. Or it could be compacted rat poison. You just never really know.

 

For the record, I have not touched an illegal drug in China. Chinese jail is a travel experience I am content to only experience through reading. But I do know people who can find things, I just don't patronize them personally.

[Willis McGahee's Dentist 61]

I might actually buy some tickets for this. First time ever.

[fandandy 3,313]

With 1.3 billion, I'd have enough money to buy up all combinations on the next 2 Powerball drawings, and still have $100m left over. May as well use my money to make money, right?

I'm not sure about 2 drawings but that's pretty interesting that a person could be guaranteed to win for 584 million. This article said it would take 9 years to get every possible combination if you bought 1 ticket every second.

 

http://money.cnn.com/2016/01/11/news/powerball-jackpot-win-guarantee/

[parrot 789]

I'm not sure about 2 drawings but that's pretty interesting that a person could be guaranteed to win for 584 million. This article said it would take 9 years to get every possible combination if you bought 1 ticket every second.

 

http://money.cnn.com/2016/01/11/news/powerball-jackpot-win-guarantee/

 

Your problem starts when someone else wins too.

[fandandy 3,313]

 

Your problem starts when someone else wins too.

Right. And coming up with 584 million would be kind of a pain in the ass too.

[IGotWorms 4,060]

For the record, I have not touched an illegal drug in China. Chinese jail is a travel experience I am content to only experience through reading. But I do know people who can find things, I just don't patronize them personally.

Verified for the censors

[Kanil 520]

Right. And coming up with 584 million would be kind of a pain in the ass too.

Speak for yourself.

[Mike Honcho 5,383]

I'm not sure about 2 drawings but that's pretty interesting that a person could be guaranteed to win for 584 million. This article said it would take 9 years to get every possible combination if you bought 1 ticket every second.

 

http://money.cnn.com/2016/01/11/news/powerball-jackpot-win-guarantee/

 

Not really that hard, will you take a two party post dated check?

[Mookz 1,362]

Right. And coming up with 584 million would be kind of a pain in the ass too.

 

Not to mention filling in all those bubbles.

[parrot 789]

Right. And coming up with 584 million would be kind of a pain in the ass too.

 

You're clearly a probationary member here.

[JTB 52]

you could invest in tax free municipal bonds(and that's being super conservative) and come out ahead of the annuity payments.

What states and bonds please.

[titans&bucs&bearsohmy! 2,745]

What states and bonds please.

With that much money, all of them.

[Quickolas1 80]

You'd pay more in taxes taking it all in one lump sum however tax rates could go up. Historically speaking, income taxes have certainly been higher in other time periods.

Now you could potentially take the annuity option and move (for year 2) to an income tax-free state which would help at all but the federal level.

And go buy things in sales tax-free states.

 

Is there really no beneficiary continuation option?

That doesn't seem legit.

There's no doubt then you'd take the lump sum.

[Vikings4ever 568]

https://www.yahoo.com/news/powerball-prize-invites-myths-misconceptions-lottery-212121424.html

WINNERS WHO TAKE AN ANNUITY FACE BIG TAX DANGERS.

 

One of the most persistent misconceptions, officials said, is that winners risk tax trouble if they opt for an annuity but die before all 29 payments are made.

 

Terry Rich, chief executive of the Iowa Lottery, said he's heard this one frequently and repeatedly explains that if someone dies, that person's estate will treat the annuity like any other asset. A winner's heirs may choose to cash in an annuity and then pay taxes on the money, but that's a choice they must make.

 

Investment planners note, however, that when winners choose how to receive their money, they should consider their age and whether they mind if some of the cash remains out of their reach and goes to their heirs instead.

[shotsup 834]

With 1.3 billion, I'd have enough money to buy up all combinations on the next 2 Powerball drawings, and still have $100m left over. May as well use my money to make money, right?

Yeah but no. After someone wins it resets to 40 million. You going to spend $350+ million to "win" 40 mill AND risk sharing it potentially with another winner.

 

Flawed theory