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Eastern Time (GMT-5:00) | Retired Illinois couple share $656M lottery jackpot
United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: April 18, 2012, 7:55 pm - IP Logged | |
$3 MEGA MILLIONS QUICK PICK TICKET TURNED INTO $218.6 MILLIONS BEFORE TAXES. Much easier SAID, than done.  | | |
Tampa, FL United States Member #121779 January 16, 2012 135 Posts Offline | | Posted: April 18, 2012, 7:57 pm - IP Logged | |
Much easier SAID, than done. I'd say it's pretty EASY to do... once you purchase that winning ticket, all you need to do is sit there and watch the numbers. Just not many are capable of accomplishing it. No actual hard work necessary!  | | |
United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: April 18, 2012, 8:30 pm - IP Logged | |
I'd say it's pretty EASY to do... once you purchase that winning ticket, all you need to do is sit there and watch the numbers. Just not many are capable of accomplishing it. No actual hard work necessary! I stand corrected LottoNick56. Since you put it that way.....what's the big deal?  I'll start winning this evening with Powerball, Mega Millions+, and Hot Lotto! (Already got my number in).  | | |
Dayton OH United States Member #124707 March 18, 2012 202 Posts Offline | | Posted: April 18, 2012, 8:56 pm - IP Logged | |
Happy for them. Jealous but happy! Cangrats! | | |
Elgin, IL United States Member #93570 July 2, 2010 291 Posts Offline | | Posted: April 18, 2012, 9:22 pm - IP Logged | |
They're not old, they are experienced! With modern medicine doing it's thing, they can live to be at least 100. They are old, but in 2012 "old" doesn't mean life is over anymore. Funny, I joked about it being some old people before these folks claimed their share. | | |
Wannabe Won Percenter Republic of Texas United States Member #58035 January 9, 2008 762 Posts Offline | | Posted: April 18, 2012, 9:59 pm - IP Logged | |
Congrats to the lucky couple.  Retiring at 62 is not easy these days (unless you are union), so I'd say these folks have planned well in the past. And I agree that the small town will close ranks where these folks are concerned. Everyone knows everyone's business in a small town, but they are the quickest to be closed mouthed to folks who aren't one of them. Clear eyes, full hearts, Texas forever!  PROUD MEMBER OF THE 85% (what's left of the 99% after you take out the lefties and the OW anarchists) Wannabe member of the 1%. Is VenomV12 a troll? | | |
Seattle, Washington United States Member #121168 January 3, 2012 78 Posts Offline | | Posted: April 19, 2012, 12:38 am - IP Logged | |
Congrats to them! Too bad they live in a state that REQUIRES a press conference (the #1 thing winners should avoid like the plague). | | |
Eatontown, NJ United States Member #119687 November 29, 2011 316 Posts Offline | | Posted: April 19, 2012, 1:11 am - IP Logged | |
Thanks mcginnin but I only had the Powerball ($4.00).  I hope you faired better. | | |
NC United States Member #123269 February 17, 2012 19 Posts Offline | | Posted: April 19, 2012, 1:39 am - IP Logged | |
If I was them, I would invest in technologies that can extend life by ten or more years. One thing that irriates me about winners are the ones like 70+ years old. I see all these older winners winning big jackpots and I think to myself is that how I am going to look if I keep playing the lottery? | | |
United States Member #72957 March 18, 2009 776 Posts Offline | | Posted: April 19, 2012, 2:23 am - IP Logged | |
The article reads: "Butler describes managing the money as a full-time job right now, and laughs: "I'm not looking for sympathy," adding, "There could possibly be a vacation."" Yes, I think there WILL be a vacation this year, and I think it could even be a "first class, all-the-way-around vacation for this couple and a few of their favorite people!" 
Having millions of dollars in my financial accounts means more, consistent fun for me.
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United States Member #72957 March 18, 2009 776 Posts Offline | | Posted: April 19, 2012, 2:27 am - IP Logged | |
I had knowledge of how the estimated tax penalty worked a few years back. It could have changed, but then, there was a "safe haven" that if you had more withheld than 120% (I believe that is the right number) of your tax liability from the prior year withheld in the current year, there would be no penalty. Because the Butlers will have millions withheld, they would meet the safe haven. They would still owe the extra taxes next April, but no penalty would apply. Kudos, MississippiMudd, I'll do some investigating on the Federal IRS website, searching under this 120% or so, to see if I find any recent modifications. 
Having millions of dollars in my financial accounts means more, consistent fun for me.
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United States
Member #111467
May 25, 2011
6323 Posts
Offline
| | Posted: April 19, 2012, 3:46 am - IP Logged | |
LOL, that famous football player was probably joking so he could get easy, free, professional media publicity!  Actually it was basketball's Wizards Rookie Chris Singleton who dropped $10,000 on MM QP's. | | |
United States United States Member #68752 December 16, 2008 168 Posts Offline | | Posted: April 19, 2012, 5:09 am - IP Logged | |
Congrats Mr. and Mrs. Butler. | | |
adelaide sa Australia Member #37542 April 11, 2006 2428 Posts Offline | | Posted: April 19, 2012, 6:55 am - IP Logged | |
if it was easy money, we'd all be doing it. May " The lotto goddess may be blind and heartless, but she also has a wicked sense of humor. " mon/ lotto [8.8] tue/oz lotto [] wed/ lotto [8.8] thur/ power ball [] sat/ lotto [] sat /pools [] keno [21]20 scratch [] jan loss=[260.25] wins= 189; feb loss= [190.05] wins =182.6; mar loss= [311.9] wins = 107.35; apr loss= [320.30] wins= 107.50 2013 YTD loss[1032] wins = 585 2012 total spend =[2486.10], wins = 2176.70 ; year total = -$309.40 | | |
Nothing Good Happens After Midnight Licking County, OH United States Member #120858 December 28, 2011 289 Posts Offline | | Posted: April 19, 2012, 7:54 am - IP Logged | |
Congrats to the Butler's!! I'm sure they will continue to live in Red Bud, but they will probably have a couple other "vacation" homes to escape to for some peace and quiet. I'd head out on at least a month long vacation to avoid some attention for a while. I know a nice little place in central Ohio you can stay if you want to just be anonymous for a few weeks.  Just throwing it out there in case they read this thread. Life's Too Short To Be Unhappy  | | |
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