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$500 MILLION: Mega Millions sets all-time lottery jackpot record

Topic closed. 749 replies. Last post 3 years ago by haymaker.

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Windermere, FL/Franklin, TN
United States
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March 1, 2007
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Posted: March 28, 2012, 11:05 am - IP Logged

A wire transfer of at least $255,750,000 if there is a single winner in Pennsylvania! And no State or Local Taxes!

If you pay the full 35% Federal Tax, you would pay $119,350,000! If you don't think that is enough Federal Tax, then you are either childish or a Socialist ..........

1 Ticket, 1 Person ..............   US Flag

I want to go "Green" $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Willing to bet that the current administration as well as the OWS demonstrators wouldn't be content unless the winner was taxed at 99%  Their logic is that you should be just fine with 2.5 million.

    Astekblue's avatar - Tarlor
    Kentucky
    United States
    Member #35086
    March 12, 2006
    10211 Posts
    Online
    Posted: March 28, 2012, 11:08 am - IP Logged

    Well   written    article   as   always      Todd

     

    I  especially  liked  the  part  about  getting  hit  by  lightning  while  being  eat  by  a  shark  at  the  same   time    LOL

     

    That    will   be   a   Classic   right   there     Smile

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      Windermere, FL/Franklin, TN
      United States
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      March 1, 2007
      839 Posts
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      Posted: March 28, 2012, 11:11 am - IP Logged
      Wow, I really don't think anyone can say with absolute certainty. Perhaps use some of the old strategies to improve your odds.

      • "Keep your mouth shut!" Probably not a good idea to tell anyone in the circle of family and friends, use extreme discression before telling the spouse.
      • Claim by Revocable Living Trust if possible. The Trustee's name will be printed (Your Trust Attorney) but if they are good at what they do, they should be a nice brick wall for your identity. Cut them a fat Christmas bonus if you continue to remain anonymous by year's end.
      • Don't be too hasty to quit the day job. If you want to, do it quietly by submitting at least a 2 weeks notice or whatever company policy requires.
      • Don't immediately run out and buy an Aston Martin or a multi-million dollar mansion on the golf course. Start up your own business invest in some stocks and then gradually ease your way into luxury. 

      I Agree! Good advice! but unfortunately the temptation may be too hard for most. It wouldn't surprise me to hear about the winner showing up the following Monday to claim their prize...with entourage in tow.No Nod

        RedStang's avatar - mustangshow zps61f7119e.jpg
        Dutchess NY
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        January 21, 2012
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        Posted: March 28, 2012, 11:12 am - IP Logged

        I'd like to hear the results from the peeps that spent 500/1000 on this. Curious what the return rate was and if they'll do it again. It could roll again. Next nums could be 1 2 3 4 5--6.

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          EAST COAST, USA
          United States
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          January 31, 2007
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          Posted: March 28, 2012, 11:17 am - IP Logged

          Well   written    article   as   always      Todd

           

          I  especially  liked  the  part  about  getting  hit  by  lightning  while  being  eat  by  a  shark  at  the  same   time    LOL

           

          That    will   be   a   Classic   right   there     Smile

          I Agree!

            dpoly1's avatar - driver
            PA
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            Member #66141
            October 16, 2008
            1460 Posts
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            Posted: March 28, 2012, 11:18 am - IP Logged

            Willing to bet that the current administration as well as the OWS demonstrators wouldn't be content unless the winner was taxed at 99%  Their logic is that you should be just fine with 2.5 million.

            One definition of insanity is that you keep trying the same thing expecting different results ..........

            FDR tried the 90% tax rate as well as confiscating reserve capital ("hoarded cash") in 1937 and we were rewarded with a depression within a depression! (please, if anyone doesn't believe me, disprove this on your own)!

            The estimated $85,250,000 25% witholding is plenty for the Crooks in the Federal Government as far as I am concerned. I will mitigate the remaining 10% tax obligation!

            dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

             

            Eschew Poverty ........... Vote Conservative!

              CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
              TX
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              January 4, 2012
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              Posted: March 28, 2012, 11:20 am - IP Logged

              If I lived in New Joisey and paid the 10.8 state income tax on top of the feds cut, you could subtract another $36.83 million.......ouch....

              Stay Positive, Believe and good things will come your way

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                Windermere, FL/Franklin, TN
                United States
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                March 1, 2007
                839 Posts
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                Posted: March 28, 2012, 11:23 am - IP Logged

                That sucks pick. Down here in Texas it has become more common place for our lottery winners to claim by Trust, especially after that one gentleman from the Houston area got harrassed relentlessly by charities and other folks after his win. Sadly he could not deal with the pressure from that and other problems and ended up commiting suicide some years back.

                Very sad! Saw a show on TLC where a big jackpot winner was continually being harassed with notes all over his truck and endless amounts of mail then there's Brad Duke who had people camping out on his front yardEek

                To keep your sanity at least relocate to an ultra private neighborhood (we have a few here in the Orlando area) where you can blend in with your neighbors.

                  Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
                  Little Rock, AR
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                  December 19, 2008
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                  Posted: March 28, 2012, 11:23 am - IP Logged

                  Do we really have to bring politics into this? No point in starting an argument.

                    dpoly1's avatar - driver
                    PA
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                    Posted: March 28, 2012, 11:24 am - IP Logged

                    I Agree! Good advice! but unfortunately the temptation may be too hard for most. It wouldn't surprise me to hear about the winner showing up the following Monday to claim their prize...with entourage in tow.No Nod

                    Not many people hang out with me now ................ so, I will show up by myself ............ my wife will be at work, so as to remain as quiet as possible until the posh "hiding place" is secure!

                    dpoly1 - Playing the lottery to save the jobs of those that build, transport, sell & maintain luxury items! -

                     

                    Eschew Poverty ........... Vote Conservative!

                      ashabug725's avatar - Yavill
                      Indiana
                      United States
                      Member #122873
                      February 9, 2012
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                      Posted: March 28, 2012, 11:29 am - IP Logged

                      Good thing I get paid on Friday, so I can spend a little more here.

                      When I went to two stores to buy tickets yesterday, there were no lines.  I'll be surprised if it's not the complete opposite on Friday.

                      I live in southern Indiana and I've never seen a line of ppl getting lottery tickets.. but.. i cant imagine what this jackpot is gonna do!!!

                      I wish I may, I wish I might...
                                 Win the Powerball jackpot THIS big night!!!

                        CDanaT's avatar - tiger avatar_04_hd_pictures_169016.jpg
                        TX
                        United States
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                        January 4, 2012
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                        Posted: March 28, 2012, 11:31 am - IP Logged

                        Not many people hang out with me now ................ so, I will show up by myself ............ my wife will be at work, so as to remain as quiet as possible until the posh "hiding place" is secure!

                        Well once they have your name and city of residence...all they do is hit the good ole "Zabasearch" and watch the critters come out of the woods with cameras. Writers will do driving & background searches...its going to be a pain for awhile.....Will already be moved when I go claim/mail will be on hold for 30 days....

                        Stay Positive, Believe and good things will come your way

                          ashabug725's avatar - Yavill
                          Indiana
                          United States
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                          February 9, 2012
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                          Posted: March 28, 2012, 11:33 am - IP Logged

                          Great, another 30 pages of "When I win Friday" posts on the way. So for all of those who claimed that they were going to win last night you actually meant "Friday" right? LOL  I would not mind winning the $12 million jackpot after the record breaking one, then I would be completely invisible. I hope I just win one of them. Lep

                          Ur exactly right sirbrad... i had meant to say Friday!! sorry for the typo ;-) and i as well would gladly accept any of the jackpots... its just fun to get in on the hype!!!

                          I wish I may, I wish I might...
                                     Win the Powerball jackpot THIS big night!!!

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                            Windermere, FL/Franklin, TN
                            United States
                            Member #50210
                            March 1, 2007
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                            Posted: March 28, 2012, 11:34 am - IP Logged

                             top speed: 202 MPH

                            Kumo and mcginni56: I can out  run them in this one ................

                            ....... and how did you know that I have some estranged in-laws that have not spoken to us in several years ............ this is them pounding salt after I win Smash

                            Laughs are good for the soul ....................

                            Will yinz (Picksburghese for "you")  be friend or fiend, if I should win by myself ( with close supervision from the CEO)

                            dpoly- what about the Veyron? If you were the sole winner, I doubt you would flinch at the $2 million+ price tag or the fact that tires and wheel which have to be replaced as a set run about 60k. Eek

                              Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
                              Little Rock, AR
                              United States
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                              December 19, 2008
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                              Posted: March 28, 2012, 11:34 am - IP Logged

                              Not many people hang out with me now ................ so, I will show up by myself ............ my wife will be at work, so as to remain as quiet as possible until the posh "hiding place" is secure!

                              I'm sure you will have lots of people to hang out with if you win.

                                 
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