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Eastern Time (GMT-5:00) | $500 MILLION: Mega Millions sets all-time lottery jackpot record
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.  | | |
Indiana United States Member #120712 December 26, 2011 47 Posts Offline | 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. 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. | | |
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! | | |
Indiana United States Member #122862 February 9, 2012 322 Posts Offline | 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!!! | | |
Windermere, FL/Franklin, TN United States Member #50208 March 1, 2007 843 Posts Offline | Good question, haven't figured that out yet. But it will definitely be more than one. Lol!  | | |
upstate NY United States Member #108786 March 31, 2011 549 Posts Offline | 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! | | |
Central TN United States Member #121187 January 4, 2012 6073 Posts Offline | 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. 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." | | |
Florida United States Member #61433 May 22, 2008 1228 Posts Offline | WOW! Mega Millions is now 10 times larger than Power Ball....Somebodys gonna be rich! May the lottery GODS allow it to be me! | | |
Central TN United States Member #121187 January 4, 2012 6073 Posts Offline | 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." | | |
upstate NY United States Member #108786 March 31, 2011 549 Posts Offline | 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! | | |
Bahamas
Member #114680
August 5, 2011
422 Posts
Offline
| 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!" | | |
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mid-Ohio United States Member #9 March 24, 2001 20272 Posts Offline | 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 * 
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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. | | |
Eatontown, NJ United States Member #119665 November 29, 2011 850 Posts Offline | Oh I can fill that in for you! Share: $ nikkicute see? how easy was that? lol Thanks Cutie! I was wondering who I'd share it with and how much. :) | | |
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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