Powerball Up To $500M - Page 3 - TigerDroppings.com

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LSUTygerFan
LSU Fan
Team Boxtard
Member since Jun 2008
25275 posts

re: Powerball Up To $500M


quote:

Anybody who resents the person paying off their debts isnt someone I want to be around anyway






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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts

re: Powerball Up To $500M


I really wonder what the actual payout is for this sum. You have to accept it as a lump sum or annuity payments. And when you get the severely discounted lump sum, you have to cash out most to Uncle Sam. What's left over after all this??





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AngryBeavers
LSU Fan
Member since Jun 2012
3343 posts

re: Powerball Up To $500M


quote:

Assets such as 200MM in cash holdings? You'd build that in day 1.


I'm talking about buying up commercial real estate or established businesses over a long period of time. I have enough self control to not go out and buy a lot of frivilous things the day after recieving the money.






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337tigergirl
LSU Fan
Houston
Member since Jan 2012
5940 posts

re: Powerball Up To $500M


In my post I didn't say I would give my friends anything but some party time.
Setting up trusts for your immediate family doesn't make you go broke, giving handouts to every person you know will make you go broke.






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xLxSxUxFxAxNx
Navy Fan
Baton Rouge
Member since Sep 2003
57939 posts

re: Powerball Up To $500M


oh and this...

LINK

so buy a shite ton of bold and move to belize.






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BurasTigah
LSU Fan
I'm Bored...
Member since Dec 2005
3823 posts

re: Powerball Up To $500M


Got to love the stupid tax





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Melvin
New Orleans Saints Fan
Covington
Member since Apr 2011
11344 posts

re: Powerball Up To $500M


quote:

I really wonder what the actual payout is for this sum. You have to accept it as a lump sum or annuity payments. And when you get the severely discounted lump sum, you have to cash out most to Uncle Sam. What's left over after all this??
Enough for me to accept it






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link
Member since Feb 2009
13390 posts

re: Powerball Up To $500M


damn brah, stop telling everybody. i'm trying to win.





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Jim Rockford
LSU Fan
Member since May 2011
33493 posts
 Online 

re: Powerball Up To $500M


quote:

I really wonder what the actual payout is for this sum. You have to accept it as a lump sum or annuity payments. And when you get the severely discounted lump sum, you have to cash out most to Uncle Sam. What's left over after all this??


$327.4 million, per the Powerball site. Say about half goes to federal and state taxes, depending on where you live. You get to take home around $164 million.






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ReauxlTide222
Alabama Fan
St. Petersburg
Member since Nov 2010
9556 posts

re: Powerball Up To $500M


Am I the only one who really wants to know what wiki would do with it?







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MSTiger33
LSU Fan
New York City
Member since Oct 2007
10074 posts

re: Powerball Up To $500M


First, tell the Feds that my family always buys tickets together so I can split it on the from end without wasting my gift tax exemption. Next, blow about $5 million. Third, pay off the student loans for some of my friends. The rest would be sheltered in various trusts and LLCs.





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VetteGuy
LSU Fan
Mandeville
Member since Feb 2008
10640 posts

re: Powerball Up To $500M


quote:

You get to take home around $164 million.


Well, that sucks.
Probably will only be able to compete in Cup car for 6-8 years.






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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120338 posts

re: Powerball Up To $500M


quote:


I think the first thing I would do is move to another state if my identity was leaked in the process of claiming the winnings.


Yeah

Then legally change my name

Hire hit men to kill of all family members I don't like, etc.






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Geaux Smoke
LSU Fan
Aspen, California
Member since Aug 2010
1977 posts

re: Powerball Up To $500M


you can always come back to my dirt team.
$500-700K initial buy in and about 200K/yr to run competitively. im good brotha






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TigerTreyjpg
LSU Fan
Monroe, LA
Member since Jun 2008
4912 posts

re: Powerball Up To $500M


In the words of my cousin.....

"man, you wouldn't be able to scrub the sorry off of me if I won that".






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xLxSxUxFxAxNx
Navy Fan
Baton Rouge
Member since Sep 2003
57939 posts

re: Powerball Up To $500M


no one going to make a list jay and silent bob style?





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JETigER
LSU Fan
Yankee Stadium
Member since Dec 2003
2951 posts

re: Powerball Up To $500M


quote:


Got to love the stupid tax


Yep, people paying TOPS tuition to graduates of small school students who couldn't hack it in a real high school.






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GRTiger
USA Fan
On a roof eating alligator pie
Member since Dec 2008
17690 posts

re: Powerball Up To $500M


100 given out in various amounts to family, friends and charity. 25 on property and other investments. 75 somewhere safe that pays out interest. The rest (probably around 10) I'd blow on dumb shite and parties over the course of a few years and probably die.





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Keltic Tiger
LSU Fan
Baton Rouge
Member since Dec 2006
4212 posts

re: Powerball Up To $500M


I'd invest most of it but then I'd take bout $5M & give Charlie Sheen a call & arrange a 2 wk fling with he & his whores.





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cssamerican
New Orleans Saints Fan
Member since Mar 2011
2232 posts

re: Powerball Up To $500M


Provided that your are the sole winner.
If you take cash your down to 250 Million
Then after taxes your looking at about 125 Million.

I would give family about 250 thousand each.
That is my 2 parents, my wife's two parent, and her three siblings. Pay off all my debt, then move away just so I don't get harassed by everyone I know. Buy all the toys I ever wanted which is about 250 thousand, then pt the rest in investment and let my money make money so my great, great grand kids would be rich.






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