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re: That billion dollar mega-millions ticket was just claimed

Posted on 3/4/19 at 4:42 pm to
Posted by WestCoastAg
Member since Oct 2012
150992 posts
Posted on 3/4/19 at 4:42 pm to
Good to hear. Hope this guy has a good life which is surprisingly rare for people who win these
Posted by rockchlkjayhku11
Cincinnati, OH
Member since Aug 2006
36821 posts
Posted on 3/4/19 at 4:43 pm to
why you gotta pay taxes twice?
Posted by TDsngumbo
Member since Oct 2011
51576 posts
Posted on 3/4/19 at 4:43 pm to
Whenever a South Carolina fan starts spouting off around here about all the travel he's doing, all the new vehicles he's buying, all the houses he's looking at, we're gonna know who it is.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
14616 posts
Posted on 3/4/19 at 4:43 pm to
quote:

Good to hear. Hope this guy has a good life which is surprisingly rare for people who win these

Lol. I think he will make it.
Posted by WestCoastAg
Member since Oct 2012
150992 posts
Posted on 3/4/19 at 4:45 pm to
Youd be shocked at how often these things ruin peoples lives. They've written articles on it and stuff
Posted by Topwater Trout
Red Stick
Member since Oct 2010
70176 posts
Posted on 3/4/19 at 4:45 pm to
quote:

40% taxes put you at $526,670,474. If you get JUST 1.5% interest that's $7.9 million/year


The 877 mil wasn’t minus taxes?
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8862 posts
Posted on 3/4/19 at 4:45 pm to
quote:

If you get JUST 1.5% interest that's $7.9 million/year


After The 40% taxes on the earned interest, it's only $4.7 million/year net. Not even worth playing.

quote:

Youd be shocked at how often these things ruin peoples lives.


I all honesty, I'd give enough to charity as a write-off against the 877 mil, to leave me with a $1 mil/year net annuity. Even that might be too much to not ruin your children.
This post was edited on 3/4/19 at 4:50 pm
Posted by TDsngumbo
Member since Oct 2011
51576 posts
Posted on 3/4/19 at 4:46 pm to
quote:

After The 40% taxes on the earned interest, it's only $4.7 million/year net.

I'd rather keep working.
Posted by Topwater Trout
Red Stick
Member since Oct 2010
70176 posts
Posted on 3/4/19 at 4:48 pm to
quote:


Why does it matter? He got his own numbers right?




To me it doesn’t I’m thinking the random numbers selected by a machine would change every second meaning if the “winning” ticket was purchased 30 seconds later the numbers would have been different but idk how those machines work
Posted by castorinho
13623 posts
Member since Nov 2010
88326 posts
Posted on 3/4/19 at 4:49 pm to
quote:

Youd be shocked at how often these things ruin peoples lives. They've written articles on it and stuff
yeahhhhhhhhhhhh. I'll take my chances.
Posted by keks tadpole
Yellow Leaf Creek
Member since Feb 2017
8862 posts
Posted on 3/4/19 at 4:51 pm to
quote:

I'd rather keep working


You could do some really meaningful work with $4.7/mil a year to play with. Professional anonymous philanthropist would be a dream job.
This post was edited on 3/4/19 at 4:54 pm
Posted by WestCoastAg
Member since Oct 2012
150992 posts
Posted on 3/4/19 at 4:51 pm to
As would I
Posted by G Vice
Lafayette, LA
Member since Dec 2006
13179 posts
Posted on 3/4/19 at 4:56 pm to
quote:

Family and friends will figure out. It'll trickle down after that.

Agree. Would be instantly obvious to the community if there is a new Ferrari in town.

But if the winner has the fortitude to keep their same car, keep their same house (or apartment), which is next to impossible, eventually lifestyle changes will reveal themselves in the form of trips, cruises, attending big events/concerts.

No one (except perhaps Warren Buffet) who lives middle or low income can sit on $500+ million after-taxes money and not eventually make a lifestyle change that people will notice.

Make a lump sum pay off on your mortgage? Now the banker knows. No more house note = more money to spend, and people will notice.

Remaining anonymous would be very difficult in a small town, rural county type of situation, where everyone knows your business.
This post was edited on 3/4/19 at 4:58 pm
Posted by QJenk
Atl, Ga
Member since Jan 2013
17814 posts
Posted on 3/4/19 at 4:57 pm to
quote:

they even allowed a fellow customer to make a Mega Millions lottery ticket purchase in front of the winner while in line at the store. “A simple act of kindness led to an amazing outcome.,” the lottery said


I' be pissed. You freaking SOB you shouldn't have let me cut you.
Posted by JPinLondon
not in London (currently NW Ohio)
Member since Nov 2006
7881 posts
Posted on 3/4/19 at 4:58 pm to
not impressed.

877 million dollars won't buy what it used to.
Posted by CaptainsWafer
TD Platinum Member
Member since Feb 2006
59435 posts
Posted on 3/4/19 at 4:59 pm to
I’d do my best to play it cool for a while then I’d get an “out of town promotion” that would require me to move.
Posted by Jake_LaMotta
Coral Gables
Member since Sep 2017
5700 posts
Posted on 3/4/19 at 4:59 pm to
Moving to the other side of the country solves this. He doesn’t have to stay in his small hometown.
Posted by Malefic Runt
Try my robe
Member since Oct 2018
1266 posts
Posted on 3/4/19 at 5:02 pm to
Dude nobody with 877 mil is staying in bum fuct south Carolina. Not happening
Posted by G Vice
Lafayette, LA
Member since Dec 2006
13179 posts
Posted on 3/4/19 at 5:05 pm to
quote:

Moving

Possibly the best option.

But when no one local shows a lifestyle change, someone might figure out it was the guy who moved away. At that point, if it's me....who cares....I'm long gone.
Posted by QJenk
Atl, Ga
Member since Jan 2013
17814 posts
Posted on 3/4/19 at 5:06 pm to
Honestly if I won that much money, I probably would spend a stupid amount of money on dumb shite. I would put a lot of it away, donate to charity, invest in businesses, stocks, etc. But at least 50-75 million will be wasted for absolutely no other reason but just cuz I can
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