Tallitot
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« Reply #45 on: March 29, 2012, 07:54:18 PM » |
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I was listening to the news earlier today and they had some "experts" giving advice on what to do if you win. The most sensible: consult financial and tax advisers before claiming the prize, keep your mouth shut about it until you do. Least sensible to me; keep working, since the lump sum is 'only" about $250M after taxes or $19M a year on the annuity. If I can't live on $19M/year I've got a problem.
The annuity is what 2.5% interest? If you take that then get maybe 5-20% on top of that annuity it might be best instead of getting a lump sum. But I don't trust what is it a 30 year payout period? I want the lump sum. 26 year annuity. about $19M/year on $500M |
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Achronos
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« Reply #46 on: March 29, 2012, 07:57:52 PM » |
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And you see with a 19 million annuity, I mean honestly I don't see myself even blowing that much.
I want to live very humbly when I win. I don't even want a mansion, just a small little house.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #47 on: March 29, 2012, 08:03:20 PM » |
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That's why it intrigued me that Suze Orman said whoever wins should keep working.
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
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« Reply #48 on: March 29, 2012, 08:06:27 PM » |
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Only if you love what you do, I guess. Peronally for me I couldn't stand working.
I'd probably still work until all the details from my attorneys, financial and tax advisors are ironed out and I claim the ticket. Then I will quit.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #49 on: March 29, 2012, 08:18:05 PM » |
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Since I work in healthcare, as much as I love whta I do I'd quit. One of my dreams for retirement has been to form a group of other ritired nurses and other practitioners to do community health teaching. I could do that.
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
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« Reply #50 on: March 30, 2012, 01:15:16 PM » |
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« Last Edit: March 30, 2012, 01:33:30 PM by Achronos »
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Ortho_cat
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« Reply #51 on: March 30, 2012, 01:25:20 PM » |
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that's freaking insane. Definitely going to be multiple winners... |
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Achronos
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« Reply #52 on: March 30, 2012, 01:33:10 PM » |
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Oh there will be atleast a mininum of 6 winners.
A 10% chance no winning ticket will be drawn.
LETS GET TO A BILLION
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Ortho_cat
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« Reply #53 on: March 30, 2012, 01:40:40 PM » |
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Oh there will be atleast a mininum of 6 winners.
A 10% chance no winning ticket will be drawn.
LETS GET TO A BILLION
this kind of hype is the reason why lotteries are made...i wonder when is the latest time to buy tix, since the drawing is tonight at 11? |
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« Last Edit: March 30, 2012, 01:41:00 PM by Ortho_cat »
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Achronos
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« Reply #54 on: March 30, 2012, 01:42:19 PM » |
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Well I think it's 7pm MST for me. Better get it early though.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #55 on: March 30, 2012, 01:51:07 PM » |
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Oh there will be atleast a mininum of 6 winners.
A 10% chance no winning ticket will be drawn.
LETS GET TO A BILLION
this kind of hype is the reason why lotteries are made...i wonder when is the latest time to buy tix, since the drawing is tonight at 11? the guy at the store i get cig's at told me the machine stops printing tickets at 10:45pm eastern. Ortho Cat, that's how I plan to spend time when I retire. |
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« Last Edit: March 30, 2012, 01:52:45 PM by Tallitot »
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #56 on: March 30, 2012, 01:53:09 PM » |
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I kind of wish I had such a disposable income that I could easily blow 100-500 dollars worth of tickets. It's stupid, but there's people who do it. like the winner of the 345 million jackpot on the Powerball a few years back. Dude was already a millionaire but would spend thousand and thousands of dollars on tickets so of course he was going to win.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #57 on: March 30, 2012, 01:55:35 PM » |
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funny thing...each ticket has the same odds of winning, whether you buy 1 or 1,000.
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #58 on: March 30, 2012, 01:59:36 PM » |
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The probability of each ticket is the same, yes, but we're talking about the cumulative probability of one of your many tickets of winning.
Think of it this way. I'm thinking of a number between 1 and 10. If you can only guess once, you have a 1/10 chance of guessing my number. If you can guess twice, you don't have a 1/8 chance of guessing my number, you have a 2/10 chance of guessing my number, aka 1/5.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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LizaSymonenko
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« Reply #59 on: March 30, 2012, 02:17:23 PM » |
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Can you imagine how much good you can do if you win this money?
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Conquer evil men by your gentle kindness, and make zealous men wonder at your goodness. Put the lover of legality to shame by your compassion. With the afflicted be afflicted in mind. Love all men, but keep distant from all men.
—St. Isaac of Syria
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #60 on: March 30, 2012, 02:18:28 PM » |
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Can you imagine how much good you can do if you win this money?
I'm not saying this out of some false humility or vanity or whatever, but I sincerely would just donate it it all if I won. To whom? I would have no idea. I'd love to end poverty. But you know what? When you win that money, I wonder how much it changes a person. |
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« Last Edit: March 30, 2012, 02:18:52 PM by Achronos »
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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Hoplitarches
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And we gave him the Rolling Stone cover?!
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« Reply #61 on: March 30, 2012, 02:23:02 PM » |
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I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?
I mean think about how many people would put their own lives at risk just to get that kind of a prize.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #62 on: March 30, 2012, 02:34:49 PM » |
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I don't know if people are already doing this now, like giving up their life savings or selling their items just to get tickets, but could you honestly imagine if this lottery swells to a billion?
I mean think about how many people would put their own lives at risk just to get that kind of a prize.
Yeah, you'd be surprised. I know folks who work in low paying jobs like housekeeping and dietary who spend a couple of hundred bucks a week on lottery tickets. The other day at the grocery store i saw someone buy $100 of the scratchers at once. i knew a clerical person who took a credit card cash advance to buy tickets. wow. |
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« Last Edit: March 30, 2012, 02:37:37 PM by Tallitot »
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #63 on: March 30, 2012, 02:40:56 PM » |
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Don't tell me people use EBT cards to get lottery tickets.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #64 on: March 30, 2012, 02:46:31 PM » |
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Don't tell me people use EBT cards to get lottery tickets.
How did you get that out my post? EBT cards can be used for certain purchases, they are rejected if you try to buy other things. |
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #65 on: March 30, 2012, 02:47:20 PM » |
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I said that to imply a question if people use EBT cards to get lottery tickets. I wouldn't be surprised.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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primuspilus
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« Reply #66 on: March 30, 2012, 02:51:27 PM » |
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Don't tell me people use EBT cards to get lottery tickets.
How did you get that out my post? EBT cards can be used for certain purchases, they are rejected if you try to buy other things. Its easy to fake. I've watched such things be done. PP |
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« Last Edit: March 30, 2012, 02:51:39 PM by primuspilus »
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"I confidently affirm that whoever calls himself Universal Bishop is the precursor of Antichrist"
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Tallitot
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« Reply #67 on: March 30, 2012, 03:09:13 PM » |
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"A café worker in Arizona reported selling $2,600 worth of tickets to one buyer, while a retired soldier in Wisconsin doubled his regular weekly ticket spending to $55. But each would have to put down millions more to guarantee a win..." http://xfinity.comcast.net/articles/news-general/20120330/US.MegaMillions.Long.Odds/?cid=hero_media |
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Tallitot
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« Reply #68 on: March 30, 2012, 03:45:39 PM » |
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If people cry at weddings...why don't they laugh at funerals?
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Asteriktos
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« Reply #69 on: March 30, 2012, 03:49:14 PM » |
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My cousin just posted on facebook that he's won. Sorry guys! Maybe next time. Anyway, I need to get back to facebook to start reminding him of all the good times we had together as teenagers...  |
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admiralnick
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« Reply #70 on: March 30, 2012, 04:17:25 PM » |
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If you were the only winner and purchased every single possible combination you would end up with a net lump before taxes of:
$462,000,000 - $175,711,536 = $286,288,464
However if you add taxes into the mix:
Federal Tax: $462,000,000 * 35% = $161,700,000
Social Security: $110,100 *4.6% (you get a credit for the ER portion of the tax) = $5,064.60
Medicare: $462,000,000 * 1.45% = $6,699,000
State Tax: (I'll use Illinois since it's easy): $462,000,000 * 5% = $23,100,000
So if you bought every ticket and lived in Illinois as a sole winner that would end up being:
$462,000,000 - $175,711,536 - $161,700,000 - $5,064.60 - $6,699,000 - $23,100,000 = $94,784,399.40
Of course that is assuming you live in Illinois. If you live in say New Jersey, it will be less.
-Nick
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Achronos
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« Reply #71 on: March 30, 2012, 04:18:12 PM » |
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Yeah screw Chris Singleton. People like him tick me off because this game is designed for the poor and middle class. I honestly don't know what I'd do if I won. If I survived the initial shock without having a heart attack, I'd just put the ticket in a safe deposit box and continue with my normal routine for a few weeks so no one would suspect it was me. Then I'd find a great lawyer and financial adviser and do the whole anonymous claim thing and secret trust fund. After that I'd quit my job, and probably instigate a nasty fight with my girlfriend to trigger a mutual breakup. Then I would legally change my name, get plastic surgery to completely alter my appearance, and start looking for a nice private island with over 2,000 acres in a remote corner of the world. I'd hire 7 ex Navy Seals for security, and start building a secret research silo beneath the island. I'd scour the earth for the best minds in genetic hybrid animal breeding and pay them handsomely for creating strange and wonderful creatures to inhabit and patrol my island. The pitbull-tiger would defend the land, and my komono dragon-alligators would secure the sea. Other creatures would be created purely for aesthetic reasons, and all would love me dearly. Then I'd probably send an anonymous check to all my family members for 5 million and live out the remainder of my days in a drug fueled haze while expanding my little kingdom. Profanity replaced with something more acceptable on the public forum -PtA You've been warned about your use of profanity enough times that you, of all people, should know that it's not permitted on the Public Forum. Since it's so apparent that you cannot be trusted to maintain the self control needed to keep your language clean, you've forced us to have to do it for you. You are therefore on post moderation for the maximum duration of 99 days. The next time you show such lack of self control, you will likely be muted.
Please send me a private message if you would like to discuss this action.
- PeterTheAleut |
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« Last Edit: April 02, 2012, 12:21:02 PM by PeterTheAleut »
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #72 on: March 30, 2012, 04:20:48 PM » |
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If you were the only winner and purchased every single possible combination you would end up with a net lump before taxes of:
$462,000,000 - $175,711,536 = $286,288,464
However if you add taxes into the mix:
Federal Tax: $462,000,000 * 35% = $161,700,000
Social Security: $110,100 *4.6% (you get a credit for the ER portion of the tax) = $5,064.60
Medicare: $462,000,000 * 1.45% = $6,699,000
State Tax: (I'll use Illinois since it's easy): $462,000,000 * 5% = $23,100,000
So if you bought every ticket and lived in Illinois as a sole winner that would end up being:
$462,000,000 - $175,711,536 - $161,700,000 - $5,064.60 - $6,699,000 - $23,100,000 = $94,784,399.40
Of course that is assuming you live in Illinois. If you live in say New Jersey, it will be less.
-Nick
So basically it's not worth it. |
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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admiralnick
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« Reply #73 on: March 30, 2012, 04:25:58 PM » |
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Yeah screw Chris Singleton. People like him piss me off because this game is designed for the poor and middle class.
The lottery has been amusingly referred to as a tax on people who are bad at math. -Nick |
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Achronos
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« Reply #74 on: March 30, 2012, 04:28:17 PM » |
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Yeah screw Chris Singleton. People like him piss me off because this game is designed for the poor and middle class.
The lottery has been amusingly referred to as a tax on people who are bad at math. -Nick lulz |
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #75 on: March 30, 2012, 04:43:07 PM » |
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If you were the only winner and purchased every single possible combination you would end up with a net lump before taxes of:
$462,000,000 - $175,711,536 = $286,288,464
However if you add taxes into the mix:
Federal Tax: $462,000,000 * 35% = $161,700,000
Social Security: $110,100 *4.6% (you get a credit for the ER portion of the tax) = $5,064.60
Medicare: $462,000,000 * 1.45% = $6,699,000
State Tax: (I'll use Illinois since it's easy): $462,000,000 * 5% = $23,100,000
So if you bought every ticket and lived in Illinois as a sole winner that would end up being:
$462,000,000 - $175,711,536 - $161,700,000 - $5,064.60 - $6,699,000 - $23,100,000 = $94,784,399.40
Of course that is assuming you live in Illinois. If you live in say New Jersey, it will be less.
-Nick
So basically it's not worth it. Plus it wouldn't be physically possible. Unless you had a program set up to fill out the playslips for you it would take years to fill them out. Also, I heard someone from the VA lottery being interviewed and she claimed that evn nationwide there is no way to print that many tickets in one week. |
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If people cry at weddings...why don't they laugh at funerals?
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biro
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Και κλήρονομον δείξον με, ζωής της αιωνίου
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« Reply #76 on: March 30, 2012, 04:50:16 PM » |
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Well, somebody is going to win. Probably several somebodies. I'm just saying.
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phthalyl.podomatic.com
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Achronos
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« Reply #77 on: March 30, 2012, 04:51:58 PM » |
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You'd have to have quite alot of machines pumping out enough tickets for sure.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Tallitot
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« Reply #78 on: March 30, 2012, 04:59:21 PM » |
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I get an extra dream day, since I won't know until after sundown Sat that I lost.
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If people cry at weddings...why don't they laugh at funerals?
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #79 on: March 30, 2012, 05:01:47 PM » |
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Is it to early to make Trayvon Martin jokes about walking a mile in the rain for an errand?  |
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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biro
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« Reply #80 on: March 30, 2012, 05:11:47 PM » |
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Is it to early to make Trayvon Martin jokes about walking a mile in the rain for an errand? Yes. |
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phthalyl.podomatic.com
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #81 on: March 30, 2012, 06:20:56 PM » |
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I'm pretty sure banks would literally hire or fly in person to handle my accounts and probably try and sell me all sorts of wealth management services. I would milk this for every penny too. Having 500mil is awesome, but having that money and also having a pack of suits flying me all over the country, buying dinner and events and putting me up in swanky hotels for free just for the privelage or warehousing that cash...yeah that's awesome.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Ortho_cat
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« Reply #82 on: March 30, 2012, 06:52:41 PM » |
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Is it to early to make Trayvon Martin jokes about walking a mile in the rain for an errand? Yes. if your story involves a reference to a hoodie, then yes. |
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #83 on: March 30, 2012, 07:13:54 PM » |
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LMAO at a NYC resident. The difference between a no-tax state and a citizen in NYC is: $43,721,370.
Wow.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #84 on: March 30, 2012, 10:58:33 PM » |
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« Last Edit: March 30, 2012, 11:02:03 PM by Achronos »
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #85 on: March 30, 2012, 11:19:50 PM » |
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« Last Edit: March 30, 2012, 11:20:02 PM by Achronos »
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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« Reply #86 on: March 30, 2012, 11:40:34 PM » |
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SOMEONE FROM STUPID NEW YORK WON
OMG
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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And we gave him the Rolling Stone cover?!
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« Reply #87 on: March 30, 2012, 11:44:29 PM » |
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WAIT IT MIGHT BE A FAKE
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
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Hoplitarches
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And we gave him the Rolling Stone cover?!
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« Reply #88 on: March 30, 2012, 11:47:20 PM » |
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CONFIRMED FAKE.
OK COME ON A BILLION.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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Achronos
What's so good about Cincinnati? You like it? You think Cincinnati is cool? I've never heard anyone say, 'I'm going to Cincinnati on vacation.'
Site Supporter
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Hoplitarches
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And we gave him the Rolling Stone cover?!
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« Reply #89 on: March 31, 2012, 01:21:11 AM » |
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So no billion dollar lottery.
Thanks Maryland and Kansas. As if I needed anymore of a reason to hate Maryland more than I do now.
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“Without music, life would be a mistake.”
“The last capitalist we hang shall be the one who sold us the rope.”
"Face the facts of being what you are, for that is what changes what you are."
"We see at once that the words absolute, divine, eternal, and so on do not express what is implied in them.
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