Welcome Guest
Log In | Register )
You last visited December 6, 2016, 12:39 am
All times shown are
Eastern Time (GMT-5:00)

Minnesota man claims share of $448M Powerball jackpot

Topic closed. 60 replies. Last post 3 years ago by jamella724.

Page 2 of 5
53
PrintE-mailLink
haymaker's avatar - Lottery-012.jpg
Egg Harbor twp.south Jersey shore
United States
Member #112968
June 29, 2011
3854 Posts
Offline
Posted: August 8, 2013, 7:21 pm - IP Logged

Seem like nice people, God Bless 'em.

I'm glad to see that you can show up in a bowling shirt too.

Cuz I'll probably be in my bib overalls and smellin' like whiskey.

Just like always.

I know what J.D. smells like, but that crystal clear stuff, I tried It once, can't remember if that has an odor ?

Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

    rcbbuckeye's avatar - Lottery-043.jpg
    Texas
    United States
    Member #55889
    October 23, 2007
    5593 Posts
    Offline
    Posted: August 8, 2013, 7:56 pm - IP Logged

    Seem like nice people, God Bless 'em.

    I'm glad to see that you can show up in a bowling shirt too.

    Cuz I'll probably be in my bib overalls and smellin' like whiskey.

    Just like always.

    Now that was funny ridge. Thanks for the laugh!

    CAN'T WIN IF YOU'RE NOT IN

    A DOLLAR AND A DREAM (OR $2)

      Artist77's avatar - batman14

      United States
      Member #121745
      January 16, 2012
      4788 Posts
      Offline
      Posted: August 8, 2013, 7:59 pm - IP Logged

      Since we're talking about winning $86 million, getting a nice line a credit to get him started should be easy. From what I've read the state lotteries deduct 25% in Federal regardless if the winner forms a trust. It's possible an attorney with lots of experience might know a loophole, but how many people personally know such a lawyer or will they just be handing an unsigned ticket over to a stranger? 

      There are many ways to decrease the almost 40% in Federal taxes without forming a trust. I always thought the point of claiming anonymously was avoid dealing with strangers, but unless the jackpot winner already has a good financial planner and a good lawyer, they are allowing strangers to tell them how to validate the ticket and invest the winnings. And not all that different than the "expert advice" we read on LP.

      Why does he need a line of credit?  He has a job.

      J'aime La France.

        maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
        Massachusetts
        United States
        Member #37433
        April 14, 2006
        2747 Posts
        Offline
        Posted: August 8, 2013, 8:17 pm - IP Logged

        Why does he need a line of credit?  He has a job.

        Maybe if the winner has to move a few things around because he knows he will have to claim publicly? Like move his kids from public to private schools, maybe move to a different part of the state, or if he has to take an unpaid leave from work to plan out the windfall before claiming it he will still need to pay  bills.

        That money's gone fo ever

          Avatar
          Bethesda MD
          United States
          Member #134912
          November 10, 2012
          31 Posts
          Offline
          Posted: August 8, 2013, 8:19 pm - IP Logged

          Since we're talking about winning $86 million, getting a nice line a credit to get him started should be easy. From what I've read the state lotteries deduct 25% in Federal regardless if the winner forms a trust. It's possible an attorney with lots of experience might know a loophole, but how many people personally know such a lawyer or will they just be handing an unsigned ticket over to a stranger? 

          There are many ways to decrease the almost 40% in Federal taxes without forming a trust. I always thought the point of claiming anonymously was avoid dealing with strangers, but unless the jackpot winner already has a good financial planner and a good lawyer, they are allowing strangers to tell them how to validate the ticket and invest the winnings. And not all that different than the "expert advice" we read on LP.

          And this is the part I don't understand, even though I realize TAXES must be paid......The Winner started off  with $149,000000 millls,  and the TAXES drag him  down to almost $30,00000 mills...They eat him up before he sees 1 penny of the Winnings........It;s such a  crazy ripoff......

          Thud



            dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
            Oklahoma
            United States
            Member #82391
            November 12, 2009
            6290 Posts
            Offline
            Posted: August 8, 2013, 8:20 pm - IP Logged

            Someone from OK hit the second prize with PP. Could that be you? Naughty

            Nobody from MA hit the second prize.

            I wish maringoman I only got 2# on 2 different linesBang Head but I always power play cause $2 million sounds good to meBig Grin

            I Love Pink & Green 1908

              rdgrnr's avatar - walt
              Way back up in them dadgum hills, son!
              United States
              Member #73904
              April 28, 2009
              14903 Posts
              Offline
              Posted: August 8, 2013, 8:21 pm - IP Logged

              I know what J.D. smells like, but that crystal clear stuff, I tried It once, can't remember if that has an odor ?

              I have no idear what yer talkin' about.

              I never heard of no crystal clear stuff and never drank it if there is such a thing, which there ain't.

              And if there is, they sure don't make any of it back up in the woods around here.

              That's fer sure.

                rdgrnr's avatar - walt
                Way back up in them dadgum hills, son!
                United States
                Member #73904
                April 28, 2009
                14903 Posts
                Offline
                Posted: August 8, 2013, 8:25 pm - IP Logged

                Now that was funny ridge. Thanks for the laugh!

                You're welcome buckeye, but it's just the truth, lol.

                  rdgrnr's avatar - walt
                  Way back up in them dadgum hills, son!
                  United States
                  Member #73904
                  April 28, 2009
                  14903 Posts
                  Offline
                  Posted: August 8, 2013, 8:28 pm - IP Logged

                  I wish maringoman I only got 2# on 2 different linesBang Head but I always power play cause $2 million sounds good to meBig Grin

                  "I always power play cause $2 million sounds good to meBig Grin"

                  That's what I'm talkin' about!   Thumbs Up

                    maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
                    Massachusetts
                    United States
                    Member #37433
                    April 14, 2006
                    2747 Posts
                    Offline
                    Posted: August 8, 2013, 8:28 pm - IP Logged

                    I wish maringoman I only got 2# on 2 different linesBang Head but I always power play cause $2 million sounds good to meBig Grin

                    Powerball is tough and with $3 a line cost, it is a little expensive too. But quiting is not an option right now so "a luta continua" dallascowboyfan

                    That money's gone fo ever


                      United States
                      Member #116268
                      September 7, 2011
                      20244 Posts
                      Offline
                      Posted: August 8, 2013, 8:41 pm - IP Logged

                      I cringe every time I read the "expert advice" from LP members who probably never met a financial adviser or formed a trust that give reasons why all jackpot winners should wait weeks to validate the ticket. This isn't directed at you, but even if he is planning on doing something rash, it's his money to spend.

                      I agree. I don't see anything wrong with cashing the ticket and spending the money if that what a person wants to do. And I don't see the need for an attorney when a good financial planner would do.


                        United States
                        Member #116268
                        September 7, 2011
                        20244 Posts
                        Offline
                        Posted: August 8, 2013, 9:20 pm - IP Logged

                        Powerball is tough and with $3 a line cost, it is a little expensive too. But quiting is not an option right now so "a luta continua" dallascowboyfan

                        I Agree!I have my tix for fri. and sat. and I wont complain if I win $40 million.


                          United States
                          Member #116268
                          September 7, 2011
                          20244 Posts
                          Offline
                          Posted: August 8, 2013, 9:30 pm - IP Logged

                            helpmewin's avatar - dandy
                            u$a
                            United States
                            Member #106665
                            February 22, 2011
                            19771 Posts
                            Offline
                            Posted: August 8, 2013, 9:40 pm - IP Logged

                            Good Luck Lep

                              helpmewin's avatar - dandy
                              u$a
                              United States
                              Member #106665
                              February 22, 2011
                              19771 Posts
                              Offline
                              Posted: August 8, 2013, 9:41 pm - IP Logged

                              Congrats to you Paul White & your Family Spend wisely Party