Welcome Guest
Log In | Register )
You last visited December 4, 2016, 3:15 pm
All times shown are
Eastern Time (GMT-5:00)

$312 MILLION: Mega Millions lottery jackpot raised again

Topic closed. 66 replies. Last post 6 years ago by bigmoney25.

Page 3 of 5
53
PrintE-mailLink
savagegoose's avatar - ProfilePho
adelaide sa
Australia
Member #37136
April 11, 2006
3300 Posts
Offline
Posted: March 25, 2011, 9:47 am - IP Logged

heheh thats right, the tax free  claim of all the foreign lottos is only for their nationals.,  Uncle scam still wants his cut form any and every american who wins those foreign jackpots.

im not to clear on what tax liability you would owe to the foreign gov, prob non cuz they take their taxes out at purchase time off all the losers.

but there maybe a " take money out of our country  " exit levy on 100's of millions.

2014 = -1016; 2015= -1409; 2016 JAN = -106; FEB= -81; MAR= -131; APR= - 87: MAY= -91; JUN= -39; JUL=-134; AUG= -124; SEP = -123; OCT= -84  NOV=- 73 TOT= -3498

keno historic = -2291 ; 2015= -603; 2016= JAN=-32, FEB= +12 , MAR= -86, APR = -77. MAY= -48, JUN= -29, JUL=-71; AUG = -52; SEPT= -43; OCT = +56 NOV = -33 TOT= -3297

    Boney526's avatar - NjlpLogo
    New Jersey
    United States
    Member #99032
    October 18, 2010
    1439 Posts
    Offline
    Posted: March 25, 2011, 11:32 am - IP Logged

    I hate that the Feds tax lotto prizes.  Doesn't suprise me though - it's a huge industry and politicians wouldn't understand the economic benefits of not taxing it.

     

    Heck - there's people in Washington who think it helps the economy more when the government spends money than when people do.

      joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

      United States
      Member #32537
      February 12, 2006
      698 Posts
      Offline
      Posted: March 25, 2011, 12:54 pm - IP Logged

      best thing you can do is buy form states with no tax's on it,

      am hell bent on making the Fed/govt  people's life a living hell for the rest of my life,

      as i think of them all as Theft's,leechs of the evilest kind.

        the best thing you can do is Vote with your life style , Avoid helping the govt or anyone who get govt money, Not 1 shall  be helped by you

          if everyone hated and showed these people the kindness they showed us"their thefts, so treat them as such, do unto others How they treat you!

      getting abused and not fighting back is number 1 way to insure you keep getting abused in the future.  make their lifes a living hell to they learn to Treat us better,

       

      hell am even pissed off at my state tn, that does not tax income,or lottery prizes even!

      but they tax freaking dividend payments to the stockholders,  yet the feds, already tax first total profits  in a high corporate US tax rate, then they Tax  same money again, when its Given to its owners, aka the share holders, and to add insult to injury , my state state it a 3rd freaking time, 

      bloody hell.....  now that's a real greedy govt.

       

      thro their 100% legal sidestep ways to bypass  state taxing on dividends here , its called have a trust outside said state that does not tax dividends  own the stocks and get paid, Hahaha TN!

      as for euro millions winners in usa, being taxed here by the irs   , ya it sucks,  am not fully up to speed on European Union laws, i know a lot of them don't like trust's,             but their are ways to nearly bypass  and lessen  US tax burden form income outside the US

      , legal , 100% legit , large global Corporate companys do it all the time out of the us,      google how they do it, its a intresting read on how the Corporate World Lessen their IRS paymenys when the Income comes form Outside the US, their a trillion and one loopholes it seems.


      its not worth getting clever highly paid lawyers to do all the work thro putting up , onless you won like 200 plus usd worth of euro's thro, its only for the elite

      but it goes like this,  long as the Profits Stay over their,      aka, don't turn it into USD, Don't you dare Move it here!    instand, invest it into say the German stock market,  say nice dividend paying stocks , over their you be getting euro  cash dividends,

      Now when you bring the money over here, its been cleaned, its now a Dividend tax, whats the max fed tax rate for dividend , 15%,     Hahahahahahahaha IRS am not paying 35%

      these large companys know what their doing, its all very clear, they Hide nonething form the irs, they just loophole aka lessen the  tax burden ever cent they Can to their share holders

      ofc, this stuff involes other legal entitys being made Over their and stuff, but at the end of the day, you get dividend payments , get taxed on them, and that's it

       

      trust me,  being taxed at a high rate is for People who can't think outside the box,   i dont plan to play euro millions, so i have not done the homework, i just know form lots of reading, outside the US income,  can be lower tax burnen, the key  is to Keep it over their, Never bring it into the US, and when you want to bring money into the us, you Always do it via the lowest tax rate channel, in this case Dividends Money, 

      so 15% vs 35%, like i said, the lawyers cost, with how much clear work needs to be done, onless your the single winner of a 200+ euro millions, f it

       

      i plan to just take that 35% hit here via mega millions or powerball win,  invest it in dividend stocks, , and only have to pay 15% for all future income via dividend income,  hell i even researched starting my own charity to Do whatever chairty work  i want to do my self out of my own pocket, i don't do 3rd party charity's,   its better to run it your self.

           i dont think anyone on earth has the right to my money, and i do my best to pay the govt the lowest Amount i have to of MY money, so glady Find the path of lest tax for money to flow. its not for type of people who don't have a Passion for keeping what's their's thro, its a lot of thinking needed :P

        Piaceri's avatar - sarsony1
        Republic of Texas
        United States
        Member #57557
        January 9, 2008
        1095 Posts
        Offline
        Posted: March 25, 2011, 1:35 pm - IP Logged

        I might have to brush up on my tax knowledge, but I thought dividends were taxed same as interest and regular income. Long term capital gains tax is 15% for when you make gains on the sales of stock.

        face

        singlewinnersinglewinnersinglewinner   

          ressuccess's avatar - Lottery-043.jpg

          United States
          Member #93164
          June 23, 2010
          1319 Posts
          Online
          Posted: March 25, 2011, 3:31 pm - IP Logged

          I hope somebody wins this Mega Millions Jackpot. I wonder why Mega Millions Jackpot continues to rise?

            podder1's avatar - Lottery-012.jpg
            New Member
            Cleveland Heights,Ohio
            United States
            Member #105942
            February 9, 2011
            17 Posts
            Offline
            Posted: March 25, 2011, 3:41 pm - IP Logged

            I hope I win, the mega millions jack pot tonight , I have been playing the same numbers for years ,and I feel lucky today.

              DC81's avatar - batman39
              MI
              United States
              Member #54830
              August 31, 2007
              985 Posts
              Offline
              Posted: March 25, 2011, 3:42 pm - IP Logged

              I hope somebody wins this Mega Millions Jackpot. I wonder why Mega Millions Jackpot continues to rise?

              Because no one has won it yet and they're readjusting the JP amount due to sales.

              You can't predict random.

                Avatar
                New Member
                mobile,al
                United States
                Member #108420
                March 25, 2011
                18 Posts
                Offline
                Posted: March 25, 2011, 4:28 pm - IP Logged

                hasnt risin all day hopefully it will. wouldnt mind it skipping to 500 million with 1 more rollover but id take the 312 million it is now

                  heyitsjaii's avatar - 2ileq9e
                  New Member
                  Lancaster
                  United States
                  Member #90409
                  April 27, 2010
                  7 Posts
                  Offline
                  Posted: March 25, 2011, 4:48 pm - IP Logged

                  Come on California!! :D particularly So.Cal..ehh lancaster area ^__^

                    Avatar
                    New Member
                    mobile,al
                    United States
                    Member #108420
                    March 25, 2011
                    18 Posts
                    Offline
                    Posted: March 25, 2011, 4:57 pm - IP Logged

                    nope mobile alabama

                      starchild_45's avatar - spherewall2
                      kent, washington
                      United States
                      Member #3509
                      January 26, 2004
                      465 Posts
                      Offline
                      Posted: March 25, 2011, 5:26 pm - IP Logged

                      I'm lucky, there are White Castles all over Ohio.  I can drive down Rt23 to the White Castle in Marion across the street from McDonald and Long John Silver and get a bunch of their burgers hot and fresh off the grill anytime.  Now if I could be so lucky when I pick up my MM tickets for Friday's drawing.

                      i'm so jealous about you driving down to the white castle in marion on RT23!!  i grew up on them and in the great northwest there are none except in the grocery store. honestly they are not that hot cooked in my microwave. if i win a decent prize maybe i will fly into marion and we can go together to that white castle. the meal would be on me and you can bring a few friends. lol.

                      WE NEED JUST ONE MORE ROLLOVER SO PEOPLE HOLD ON AND CROSS YOUR FINGERS FOR THE ROLLOVER.

                        starchild_45's avatar - spherewall2
                        kent, washington
                        United States
                        Member #3509
                        January 26, 2004
                        465 Posts
                        Offline
                        Posted: March 25, 2011, 5:32 pm - IP Logged

                        I believe it will take a few days for the trust to be created for all the paperwork to be in order. Since the winnings won't be available until about two weeks after the jackpot has been hit it shouldn't be an issue that the trust won't be formed immediately.

                        And there really isn't a check, from past articles and such I believe they to an EFT (Electronic Funds Transfer) so the money should be available almost immediately after they send payment (of course as mentioned above, the lottery commision doesn't have all the money collected until up to two weeks later so it won't be until then that they'll be able to send your bank the money).

                         

                        I could be mistaken, but from research that's what I've gathered from numerous websites and news stories.

                         

                        As for their cameras being there, most likely the local news places will be there. I remember reading past articles where the winner had to inform the lottery commision when they were coming in to present the ticket, in which case the lottery commision then released news to the media/public that the winner has announced they would come in on a certain day. Also what I've gathered from past articles is that your lawyer can go and do everything for you. The articles don't make everything crystal clear but from what I read that has been done in a few cases.

                        Also I know in Texas you can ask for limited press coverage in which case they just have one person there asking you some questions, which you don't have to answer. No pictures and no video cameras.

                        i love a smart person like you willing to share wisdom. i was too lazy to answer him.

                          starchild_45's avatar - spherewall2
                          kent, washington
                          United States
                          Member #3509
                          January 26, 2004
                          465 Posts
                          Offline
                          Posted: March 25, 2011, 5:41 pm - IP Logged

                          heheh thats right, the tax free  claim of all the foreign lottos is only for their nationals.,  Uncle scam still wants his cut form any and every american who wins those foreign jackpots.

                          im not to clear on what tax liability you would owe to the foreign gov, prob non cuz they take their taxes out at purchase time off all the losers.

                          but there maybe a " take money out of our country  " exit levy on 100's of millions.

                          living in a border state (washington). i play in canada all the time. i can't figure a way of not claiming the money on a big jackpot if i win there. i thought about renting an apartment there and opening up bank account in canada. i would just keep the money up there and never let it come into the states. still there are lots of headaches just thinking about doing this.

                          lottomax is 43 million tonight and 6/49 is 6 million tomorrow. i can go for either one of these two jackpots. plus. plus. the canadian dollar is worth more than the us dollar right now.

                            Avatar
                            New Member
                            mobile,al
                            United States
                            Member #108420
                            March 25, 2011
                            18 Posts
                            Offline
                            Posted: March 25, 2011, 5:44 pm - IP Logged

                            heck i dont worry about the taxes they would charge you with this much money after taxes on a lump some would still be in the 100's of millions of dollars think i could handle that

                              Avatar
                              New Member
                              mobile,al
                              United States
                              Member #108420
                              March 25, 2011
                              18 Posts
                              Offline
                              Posted: March 25, 2011, 5:48 pm - IP Logged

                              i wonder how long from collection of jack pot till its in your account would it be. Im guessing it would take a couple of days like if i won tonight and went 2 weeks from now i bet it would be atleast 2 weeks from next tuesday