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

Topic closed. 749 replies. Last post 10 years ago by haymaker.

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Jill34786's avatar - Lottery-006.jpg
Windermere, FL/Franklin, TN
United States
Member #50208
March 1, 2007
843 Posts
Offline

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....

You and your attorney could easily get an advance prior to having him/her collect on your behalf. That way all your relocating expenses would be covered while the different LLC's and trust are formed. Smiley

    Avatar
    Indiana
    United States
    Member #120712
    December 26, 2011
    47 Posts
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    You and your attorney could easily get an advance prior to having him/her collect on your behalf. That way all your relocating expenses would be covered while the different LLC's and trust are formed. Smiley

    Who gives the advance?

    If I won this I would want THE TOPPEST of the TOP tax attorney in the US who knows every inch of the tax code and how to find all the loopholes who could give me EVERY LEGAL option available. Same for the Trust attorney.


    I want the Loophole Artist. Someone like Jonathan Blattmachr

     

    Then I would consult with Number 2 on the list to see if they agreed so make sure I don't run afoul of the tax code.

    Might even have to consult with three people.

      Grovel's avatar - f800e6a39fbfea795d1dcbb09f2244
      Little Rock, AR
      United States
      Member #68363
      December 19, 2008
      254 Posts
      Offline

      Our lotto web site says 500mill. Is this correct.

      Holy crap! They just raised it!

        ashabug725's avatar - Yavill
        Indiana
        United States
        Member #122862
        February 9, 2012
        322 Posts
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        Don't forget the mystic that said this would roll until Good Friday.  Let's see if that person was right. Don't remember which thread it was posted on.

        Was just thinking the same.. that'd b too unreal.. there's no way!!!... it'd hit like 2 billion by then!!!

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

          Jill34786's avatar - Lottery-006.jpg
          Windermere, FL/Franklin, TN
          United States
          Member #50208
          March 1, 2007
          843 Posts
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          Good question, haven't figured that out yet.  But it will definitely be more than one.

          Lol! Cheers

            mediabrat's avatar - 18z0typ
            upstate NY
            United States
            Member #108786
            March 31, 2011
            549 Posts
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            Too bad half a billion is actually only about $375 million or less after taxes. Funny how we say "only" for that amount. The roll is not that big of a deal, it is all marketing. I would have never spent all of the original $365 million let alone another $100 million or more on top of it. So I really don't see what the excitement is about, just a lot more money to worry about. to me it is only exciting because it has never been this high before. But I would I have been ecstatic from $12 million on, even less. Also would be getting A LOT less attention. With this amount people are going to know you can spare A LOT as opposed to smaller jackpots, and are more discrete than record breaking ones.

            Here's some irony for you (and I'm not sure if it's regular irony or the Alanis Morissette kind):

            The $12 million you mentioned is, of course, the Mega Millions minimum jackpot.  If there is a sole winner on Friday and they choose the annuity, they'll clear at least $12 million a year after taxes.  Wild!

            Patriot

              CDanaT's avatar - Nolz june15.jpg
              Central TN
              United States
              Member #121187
              January 4, 2012
              6073 Posts
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              You and your attorney could easily get an advance prior to having him/her collect on your behalf. That way all your relocating expenses would be covered while the different LLC's and trust are formed. Smiley

              True Jill, my thing would be keeping the people away completely. Here in FL, you have to change your address on Lic and Reg within 10 days of moving. I would keep the current address to keep the "unwanted inquirers" at bay, but  want to move into a friends/distant relatives rental property. Like you said until the LLCs and trusts are formed...buy then, have another place in mind to be bought/rented by the trusts or LLC...

              Integrity: There is no substitute.

              "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last."

                BuyLow's avatar - fd725949c52faf3bef0a9e377747408d -iphone-wallpaper-palm-trees.jpg
                Florida
                United States
                Member #61433
                May 22, 2008
                1228 Posts
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                WOW!  Mega Millions is now 10 times larger than Power Ball....Somebodys gonna be rich! May the lottery GODS allow it to be me!

                  CDanaT's avatar - Nolz june15.jpg
                  Central TN
                  United States
                  Member #121187
                  January 4, 2012
                  6073 Posts
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                  now its at $500 Million/ $359.4 cash !!!!!!!!!!...whewwwwwwwwww

                  Integrity: There is no substitute.

                  "If some among you fear taking a stand because you are afraid of reprisals . . . recognize that you are just feeding the crocodile hoping he'll eat you last."

                    mediabrat's avatar - 18z0typ
                    upstate NY
                    United States
                    Member #108786
                    March 31, 2011
                    549 Posts
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                    Our lotto web site says 500mill. Is this correct.

                    I was about to say "no, New York Lottery's site is still in 'high jackpot mode'" (because it still was as of about a half hour ago), but now I see they're back to normal and the main Mega site says $500 million as well.

                    Here I was wondering if it would top $500 million by Friday, and it only took about 12 hours!

                    Patriot


                      Bahamas
                      Member #114680
                      August 5, 2011
                      422 Posts
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                      Don't forget the mystic that said this would roll until Good Friday.  Let's see if that person was right. Don't remember which thread it was posted on.

                      Lol!The media is characterizing me as a mystic now?

                       

                      Yeah, I am the guy with 6 psychics on retainer!

                      "Freedom of Speech? Keep reading and you will discover that freedom comes at a price!"

                        RJOh's avatar - chipmunk
                        100
                        mid-Ohio
                        United States
                        Member #9
                        March 24, 2001
                        20272 Posts
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                        Just as promised back in June of '05 with the matrix change, jackpots could reach a half billion dollars.  It has finally happened with a dollar per ticket strategy. 

                        I'm wondering if PB it rethinking had it stuck with its dollar per ticket strategy, it would have eventually happened for it too.

                         * you don't need to buy every combination, just the winning ones * 

                        Thumbs Up       

                          Jill34786's avatar - Lottery-006.jpg
                          Windermere, FL/Franklin, TN
                          United States
                          Member #50208
                          March 1, 2007
                          843 Posts
                          Offline

                          Who gives the advance?

                          If I won this I would want THE TOPPEST of the TOP tax attorney in the US who knows every inch of the tax code and how to find all the loopholes who could give me EVERY LEGAL option available. Same for the Trust attorney.


                          I want the Loophole Artist. Someone like Jonathan Blattmachr

                           

                          Then I would consult with Number 2 on the list to see if they agreed so make sure I don't run afoul of the tax code.

                          Might even have to consult with three people.

                          Pretty much any bank would be happy to give you a short term loan as long as you confirm with lottery officials

                          while in the presence of your attorney AND having a confidentiality agreement in place. If they balk at this, I would suggest the winner go to a small locally owned bank and speak with one of the officers. The likelyhood of them gaining you as a customer should be enough to grant you a sizeable line of credit.

                            golfer1960's avatar - Lottery-003.jpg
                            Eatontown, NJ
                            United States
                            Member #119665
                            November 29, 2011
                            850 Posts
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                            Oh I can fill that in for you!

                            Share: $ nikkicuteWink

                            see? how easy was that? lol

                            Thanks Cutie! I was wondering who I'd share it with and how much. :)

                              ashabug725's avatar - Yavill
                              Indiana
                              United States
                              Member #122862
                              February 9, 2012
                              322 Posts
                              Offline

                              But with all of the tax loop holes, compaines actually pay little to very little each year in taxes. Look at GM for example. They actually got money back from the goverment. The reason compaines are going overseas had nothing to do with taxes. It's the fact they can pay someone 3.00 an hour and force them to work 16 hours shifts in counties like China or Indiana.

                              Bahahaha.. i live in Indiana... i don't know anybody who will work for $3/hr.. nor did i know China or Indiana were counties ;-) lol

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

                                 
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