Welcome Guest
Log In | Register )
You last visited January 24, 2017, 2:09 pm
All times shown are
Eastern Time (GMT-5:00)

selling a winning ticket

Topic closed. 16 replies. Last post 9 years ago by Stack47.

Page 2 of 2
3.33
PrintE-mailLink
Avatar

United States
Member #10720
January 23, 2005
933 Posts
Offline
Posted: August 20, 2007, 8:53 pm - IP Logged

Buying an instrument for 70m worth 75m means when you cash it you earned 5m therefore you would have to pay tax on THAT. I am not afraid of the publicity.. BRING IT ON!!!

    Avatar
    Kentucky
    United States
    Member #32652
    February 14, 2006
    7344 Posts
    Offline
    Posted: August 20, 2007, 9:38 pm - IP Logged

    i dont know if this has been brought up before but, if you won a jackpot, could you sell your ticket to someone or a corporation? Say, if you were to recieve 75 million after lump-sum and taxes, could you sell it for 70 million and avoid the publicity, etc?

    I suppose a corporation could buy lottery tickets and a CEO of some company might buy the ticket from you, probably for under $50 million but when the lottery announced who won the jackpot, the investigated reporters would show up. How long would it take them to find out that the company wrote a huge check to you?

    If avoiding the publicity is that important, play the state lotto or any game that nobody cares who won?