You last visited January 8, 2009, 7:06 am
|
Georgia Trucker Claims Half of Record $390 Million Lottery Jackpot
|
Topic locked. Last post more than one year ago by . 46 comments.
|
|
|
Print
E-mail
Link
|
|
NY United States Member #24178 October 16, 2005 1471 Posts Offline
|
| Posted: March 9, 2007, 1:42 am - IP Logged |
|
working a job is not a fraud.only the tax system that we are a part of is.all i am saying is that if the jackpot was not advertised as 390 million then there revenue would not have been anywhere near what it was this go round.it must have been pretty high for the jackpot to jump up 60 million in only 3 or 4 days. Maybe you should split your whining into two different threads. A lot of people here would like to see the jackpots advertised at cash value. For starters, that's the only realistic figure, plus almost all winners take the cash so most of the annuity jackpots never really existed. Plenty of people think the advertising is misleading, but if they advertize the jackpot as $370 million the winner can get that much if they're willing to take the annual payments. That's clearly not fraudulent.Anybody who's paying attention can find out what the cash value is very easily, so it's not a big deal for most people here. Taxes are a separate issue. You can whine all you want about advertisingbased on the pre-tax value but you've never been offered a job where the salary you were promised was how much you'd get after taxes. Just like the cash value, anyone with a lick of sense can find out what the after-tax payout will be if that's an important part of their decison on whether or not to buy tickets.
|
|
|
Illinois United States Member #30849 January 17, 2006 3594 Posts Offline
|
| Posted: March 9, 2007, 1:44 am - IP Logged |
|
Lottery is a fraud.out of 390 million dollars how do u only give out 160 million after taxes?.at the very least the winners should walk away with at least half of the advertised jackpot after taxes.i guess that i will never be a millionaire through the lottery system because i dont play the million dollar games.the statement about them cutting it in half because of the lump sum is not true..if you take the 20 year option you still will pay the same amount in taxes if not more.there are no 300 plus million dollar jackpots only the illusion of a jackpot that big so people will give the lottery more money. bobby jones Something I didn't know til I came to this site was that the advertised jackpot doesn't really exist.That's part of the way the only give out 160 milllion after taxes. The advertised jackpot isn't a tangible. It's a figure representing what the pre-tax prize would be, stretched out over a number of years. It's Lotto, not horseshoes or artillery! close doesn't count! I sell everything at a loss but make up for it in volume - Milo Minderbinder, Catch-22
|
|
|
A Craps Player & Poet Dover, Delaware United States Member #19109 July 20, 2005 630 Posts Offline
|
| Posted: March 9, 2007, 10:15 am - IP Logged |
|
Well at least he took the time to talk to a laywer, a tax accountant and financial planner first. Always scares me when you hear of lottery winners who rush into these things. I'd like to see where you get that information from? I have yet to see anything said about the guy doing anything of the sort in any news release so far! I guess it's another case of the country bumpkin that thinks winning the lottery, is no different than winning the jackpot at the local church bingo game in town....... Keep dreaming the impossible dream, it just may come true! Please remember to support Your Lottery Post Community. 
|
|
|
NY United States Member #24178 October 16, 2005 1471 Posts Offline
|
| Posted: March 9, 2007, 11:26 am - IP Logged |
|
I was figuring the reference was sarcasm. Especially the "taking the time" part. I haven't seen anything that tells what time he showed up at the claim office, but he took all of 14 to 16 hours as near as I can tell. His picture hit the papers within 18 or 19 hours of the drawing. Maybe he drove his company truck there instead of going home and getting his car first. I'd guess there's usually an inverse relationship between how long you wait to claim the prize and your chances of having trouble.
|
|
|
United States Member #15415 May 10, 2005 262 Posts Offline
|
| Posted: March 9, 2007, 12:08 pm - IP Logged |
|
Congrats to the lucky winners. May this money help them realize their dreams.
|
|
|
ky United States Member #38179 April 19, 2006 66 Posts Offline
|
| Posted: March 9, 2007, 1:17 pm - IP Logged |
|
fraud or no fraud,,,,,,a few bucks for a winning lottery ticket and get several million in return--i wouldn't complain.
|
|
|
Coastal Georgia United States Member #2703 October 30, 2003 1868 Posts Offline
|
| Posted: March 9, 2007, 2:23 pm - IP Logged |
|
I was figuring the reference was sarcasm. Especially the "taking the time" part. I haven't seen anything that tells what time he showed up at the claim office, but he took all of 14 to 16 hours as near as I can tell. His picture hit the papers within 18 or 19 hours of the drawing. Maybe he drove his company truck there instead of going home and getting his car first. I'd guess there's usually an inverse relationship between how long you wait to claim the prize and your chances of having trouble. 100% agree.. As I posted on another thread, the ink wasn't dry on the ticket before he was haulin a$$ down I-75 to the ATL with absolutely no financial advice whatsoever. I hope he doesn't wind up with a lot of trouble, but I wouldn't bet on it... How much ya wanna wager he asked Ms. DeFrancisco if he could just get one check for the net winnings and put it in his First national bank of Dalton account ?
|
|
|
San Angelo, Texas United States Member #1110 January 31, 2003 505 Posts Offline
|
| Posted: March 9, 2007, 2:53 pm - IP Logged |
|
According to a story I read today at msnbc, Mr. Nabors claims his big win won't change him. He said he would continue to live his life as before March 6. I have to wonder if Nabors realizes how much he won. Not many of us deal in millions of dollars. Most of my financial transactions are less than a thousand dollars. Tp suddenly have a ton of money at my disposal would certainly change me. Telling family and friends that you have $80 million on so in the bank has got to make you feel and think different. How can you not be different? I think Nabors is going to find that it's not the money he won, but the people who are going to try and get a piece of it. I bet his phone hasn't stopped ringing. I think if he looks around his neighborhood, he will more than likely see some strange vehicles occupied by strangers, including many who are desperate and would do anything for money. And, they know Nabors has plenty. That place he goes to fish is going to be crowded. Since he was on TV and his picture has been widely circulated, a lot of folks who wouldn't have taken a second look on March 5, are going to stare, try to introduce himself, or herself. Lot of folks get a high just being close to a rich person, or being able to brag that they have eaten at the same diner or restaurant. Just think about the famous folks today. They are tracked day and night by folks who want a picture, an opportunity to be in the same room, to touch, or whatever, with a famous person. Like it or not, Mr. Nabors is a recognizable celebrity with pockets full of cash. He might believe life will go on as before, but, in my opinion, he will soon crave privacy, a quiet phone and a normal life. Problem is, he will have shut himself off to acheive it. Good luck, Mr. Nabors. Spend your money wisely!!
|
|
|
New Member concord NH United States Member #47703 October 27, 2006 22 Posts Offline
|
| Posted: March 9, 2007, 8:01 pm - IP Logged |
|
i agree...One of his keys to success is to take a month long vacation and come up with a plan...That plan should include moving to another state and in a gated community or atleast a gate community in a different town...That will protect him from anyone who thinks they can just come up to his house and ring the doorbell.. The problem with that however is where ever he moves to...Alot of the upper class in his neighbor hood will not really except him...He has to be ready for that..Which isn't really a big deal...He can just keep to himself... He also should take care of all his bills in a small account online and do away with reg. mail...Just throw away anything and everything that comes in the form of reg. mail...If its important, it will come registed mail...Just give friends and anyone that means anything to him a special email address...And let them all know that any mail will not be read.. And he has to understand that his friends and relatives are going to think that the money changed him...The answer to that is let them think what ever they want...His only job is going to be protecting his new fortune from anyone and everyone...And the less he talks about money in the company of people, the better off he will be.. He also has to speak his mind...If a relative hasn't talked to him in 10 years but now is looking for a hand out...He should let that person know exactly how he feels...However was not in his life before the money..Shouldn't be let into his life with the money...
|
|
|
New Member illinois United States Member #4399 April 13, 2004 18 Posts Offline
|
| Posted: March 9, 2007, 8:39 pm - IP Logged |
|
Maybe you should split your whining into two different threads. A lot of people here would like to see the jackpots advertised at cash value. For starters, that's the only realistic figure, plus almost all winners take the cash so most of the annuity jackpots never really existed. Plenty of people think the advertising is misleading, but if they advertize the jackpot as $370 million the winner can get that much if they're willing to take the annual payments. That's clearly not fraudulent.Anybody who's paying attention can find out what the cash value is very easily, so it's not a big deal for most people here. Taxes are a separate issue. You can whine all you want about advertisingbased on the pre-tax value but you've never been offered a job where the salary you were promised was how much you'd get after taxes. Just like the cash value, anyone with a lick of sense can find out what the after-tax payout will be if that's an important part of their decison on whether or not to buy tickets. hey ky floyd if you had a lick of sense you would realize that even if you took the 20 year payments you still wouldn't get 390 million because of all of the taxes that you would have to pay.also taxes are a separate issue,but since it was related to what i was saying in the first place thats why i threw that in there.you are saying that i am whining,but all that i am doing is giving my opinion just like everybody else.GET A LIFE....
|
|
|
|