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I think we should all agree that if someone here wins they send a live  to Lowtax. Imagine opening your door in the morning to that in your face. If I win I'll send that to Lowtax and one other lucky poster here. My single ticket will win and everyone who bought $100 worth will cry.
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Jan 9, 2016 02:58
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ProperCoochie posted:I've bought four Powerball tickets, and I'm honestly terrified of winning. Protip: if you win the lottery don't tell anyone, and don't claim it in person.
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Jan 9, 2016 02:59
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Powercrazy posted:Protip: if you win the lottery don't tell anyone, and don't claim it in person. Yeah claim it anonymously if your state allows or form a trust and claim it through that. Also hire a financial planner if you don't know what stuff like capital gains tax is. Or blow it on coke.
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Jan 9, 2016 03:05
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Isn't it prudent to hire an attorney as well if you win? So you need a financial planner, lawyer, and a lot of anonymity. I can't even imagine what it would be like to suddenly have that sort of money
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Jan 9, 2016 03:24
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buddhanc posted:Isn't it prudent to hire an attorney as well if you win? So you need a financial planner, lawyer, and a lot of anonymity. I can't even imagine what it would be like to suddenly have that sort of money A good estate lawyer will be able to set you up with most of the other people you should hire. Some law firms are formed around being a one stop shop for rich people.
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Jan 9, 2016 03:34
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What are the rules regarding gifting money? If I come away with a half billion in cash and I want to straight up give 50 million to my brother, what's the procedure? I've always wondered where you even stash that kind of cash when it comes in. I'll just put the half billion in my checking and get my balance in a text and show it off. 
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Jan 9, 2016 03:40
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buddhanc posted:What are the rules regarding gifting money? If I come away with a half billion in cash and I want to straight up give 50 million to my brother, what's the procedure? I've always wondered where you even stash that kind of cash when it comes in. I'll just put the half billion in my checking and get my balance in a text and show it off. It is $14,000 per recipient per year per spouse without triggering any taxes.
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Jan 9, 2016 03:43
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BossRighteous posted:It is $14,000 per recipient per year per spouse without triggering any taxes. There's a lifetime gift-tax exclusion, too. It's five-point-something million and you can dip into it early with a form come tax season. However, it's same limit as to what's excluded from the estate tax when you die. But your wealth should be locked up in Trusts so none of this should matter. You can stick your fortune into a trust and put any siblings, friends, etc. on the money spigot and not have to worry about all this.
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Jan 9, 2016 03:48
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I think you also get a one time allowance to give someone who is not your spouse up to 5Mil.
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Jan 9, 2016 03:49
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If I win I will get "I'm Gay" tattooed across my forehead. 
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Jan 9, 2016 04:24
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Powercrazy posted:Protip: if you win the lottery don't tell anyone, and don't claim it in person. The winner will probably be a showoff going to the ghetto like this: https://www.youtube.com/watch?v=GStCcZUVOfU Also, always carry $50,000 in a briefcase in case you need emergency $$$. Waltzing Along posted:Here are the #s for Saturday. I demand 10% commission of all your winnings: I did 1 2 3 4 5 and 6 red ball in the simulator. PowerBall hit on Saturday, August 11th, in the year 5,278,621 A.D. You spent $1,101,280,354 on tickets.
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Jan 9, 2016 05:42
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I'd be happy winning any large sum of money honestly. especially if its enough to pay off my debts.
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Jan 9, 2016 05:44
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So what are you all going to change your name to when you win? Me, I shall henceforth be known as Chaz Brocepts. That or AC Slater. No one that rich would give two fucks how goofy your their name is. That is unless you become destitute in 5 years like most lotto winners. You'd be getting poo poo in the homeless shelters left and right...
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Jan 9, 2016 06:02
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El Duderino posted:So what are you all going to change your name to when you win? Me, I shall henceforth be known as Chaz Brocepts. That or AC Slater. No one that rich would give two fucks how goofy your their name is. That is unless you become destitute in 5 years like most lotto winners. You'd be getting poo poo in the homeless shelters left and right... Tammany Hall... I could pass it of as some hipster thing.
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Jan 9, 2016 06:07
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I'd want to blend in, and so would change my name to the most common first and last names possible: Muhammad Chang.
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Jan 9, 2016 06:14
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If I win, I'm going to blow the whole one billion on a write in presidential campaign. I figure is somebody's got win the lotto, somebody's gotta win the election too right?
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Jan 9, 2016 06:49
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buddhanc posted:What are the rules regarding gifting money? If I come away with a half billion in cash and I want to straight up give 50 million to my brother, what's the procedure? I've wondered about that too. If I'm going to fantasize about winning that kind of money I might as well fantasize about not having to give a bunch of it back to the government. Like, if I wanted to give my parents $100 million could I just add them to my checking account and hand them the check book? Still technically my money, so it wasn't a gift to them.
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Jan 9, 2016 14:41
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praxis posted:I've wondered about that too. If I'm going to fantasize about winning that kind of money I might as well fantasize about not having to give a bunch of it back to the government. Like, if I wanted to give my parents $100 million could I just add them to my checking account and hand them the check book? Still technically my money, so it wasn't a gift to them. The IRS would not see it this way. If they suddenly quit their jobs with no change in lifestyle or buy high ticket items this would be a red flag. Not saying they 100% would be audited but better safe than sorry.
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Jan 9, 2016 15:25
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Why gift it anyway? Just own expensive things and let others borrow them. Part of the fun of becoming a millionaire is you now hold all the puppet strings for friends and family who want material things.
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Jan 9, 2016 15:31
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Although 1 2 3 4 5 6 might be as likely as any other combination I can think of at least 2 reasons its a terrible sequence to choose.
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Jan 9, 2016 16:01
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I had a dream that 1-2-3-4-5 (1) won no poo poo
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Jan 9, 2016 16:15
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I like the idea of taking these kind of winnings to a place like Northern Africa where you'd get some legitimately insane bang for your buck. Terrifying foreign warlord, or savior of the people? YOU decide!
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Jan 9, 2016 16:16
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gonna sell so many tickets again today!!! cant wait
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Jan 9, 2016 16:21
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I am gonna buy the forums from lowtax when I win
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Jan 9, 2016 16:35
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so far ive won almost 7 million dollars guys
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Jan 9, 2016 16:44
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Remember goons, true wealth comes from hard work, friend and family. Money does not buy happiness.
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Jan 9, 2016 17:11
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it just jumped to 900 million that's what they wanted
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Jan 9, 2016 17:13
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Man, which ever state gets this tax money is going to immediately pull itself out of the crippling debt its probably in! BWAHAHAHAHAHAHA!
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Jan 9, 2016 17:16
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Also how did we go this whole thread without this https://www.youtube.com/watch?v=9PK-netuhHA
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Jan 9, 2016 17:21
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i don't know, how did we go 11 pages without a nasally british man screaming out of our computers? it is a mystery
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Jan 9, 2016 17:22
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Mods change the title to Powerball is 1 billion
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Jan 9, 2016 17:35
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a starwar betamax posted:so far ive won almost 7 million dollars guys Dang you're on fire, can't stop now!
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Jan 9, 2016 18:29
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I'm gonna win
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Jan 9, 2016 18:50
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Black Baby Goku posted:Mods change the title to Powerball is 1 billion 
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Jan 9, 2016 18:51
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buddhanc posted:Isn't it prudent to hire an attorney as well if you win? I thought I read somewhere that it was actually required. I.e. the lotto people don't even want to talk to you until you have an attorney.
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Jan 9, 2016 18:53
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No. 6 posted:Dumb apes don't realize that 1 ticket or 40 tickets is the same single pull of the galactic-odds slot machine. No.
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Jan 9, 2016 18:55
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When I don't win, I am going to take it out on my body by fapping to some pretty normal porn.
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Jan 9, 2016 18:58
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If I win, I'm going to the dentist. Pretty sure I've got some cavities. Really need to get that sorted out.
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Jan 9, 2016 19:03
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a starwar betamax posted:so far ive won almost 7 million dollars guys I like how you crushed almost all the odds and still came out behind. Tots fucked around with this message at 19:07 on Jan 9, 2016 |
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Jan 9, 2016 19:04
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it would be cool to win but id probably end up like jack whitaker or something. it woudl be difficult to not go or have a loved one not go complete bonkers
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Jan 9, 2016 19:08
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