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selling a winning ticket

Topic closed. 16 replies. Last post 11 years ago by Stack47.

Page 2 of 2

United States
Member #10720
January 23, 2005
933 Posts
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!!!

    United States
    Member #32652
    February 14, 2006
    7685 Posts
    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?