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El Gordo

Topic closed. 13 replies. Last post 4 years ago by Original Bey.

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Are you playing this year?

Yes [ 6 ]  [31.58%]
No [ 6 ]  [31.58%]
Undecided [ 6 ]  [31.58%]
Other (Please clarify) [ 1 ]  [5.26%]
Total Valid Votes [ 19 ]  
Discarded Votes [ 1 ]  
Original Bey's avatar - Lottery-022.jpg

Bahamas
Member #133462
September 30, 2012
5946 Posts
Offline
Posted: December 8, 2012, 2:29 pm - IP Logged

2.52 Billion in the pot

180 top prizes of 4 million Euros each

Over 50% of the overall pot dedicated to sweet and tempting 2nd, 3rd... tier prizes

Odds that make your heart skip a beat 1:100,000 for the top prize

 

Are you in?

"Everything works  ONCE!"

    x1kosmic's avatar - neptune vg2.gif

    United States
    Member #48046
    December 7, 2006
    1699 Posts
    Offline
    Posted: December 8, 2012, 5:04 pm - IP Logged

    I was so exited when Todd  posted the link

            my card was declined as well  ......

    sure would've been fun   ...  mabey next year  I'll send   Money Ordes in advance

                 and build up an account

      Mr-Smith's avatar - Lottery-057.jpg
      rekjavik
      Iceland
      Member #99537
      October 27, 2010
      177 Posts
      Offline
      Posted: December 8, 2012, 7:05 pm - IP Logged

      What Elgordo???

      You have been weighed, you have been measured, and you have been found wanting. In what world could you possibly beat me?Patriot

        Original Bey's avatar - Lottery-022.jpg

        Bahamas
        Member #133462
        September 30, 2012
        5946 Posts
        Offline
        Posted: December 8, 2012, 7:26 pm - IP Logged

        El Gordo means "Fat One" in Spanish.

         

        It's Spain's Annual Christmas lottery.

         

        Todd has a thread on it in this forum.

        "Everything works  ONCE!"

          maringoman's avatar - images q=tbn:ANd9GcTbRxpKQmOfcCoUqF2FyqIOAwDo7rg9G-lfJLAALPGWJWwiz19eRw
          Massachusetts
          United States
          Member #37433
          April 14, 2006
          2747 Posts
          Offline
          Posted: December 8, 2012, 7:39 pm - IP Logged

          I was so exited when Todd  posted the link

                  my card was declined as well  ......

          sure would've been fun   ...  mabey next year  I'll send   Money Ordes in advance

                       and build up an account

          I think it takes a few days after registration for them to accept a transaction from your card. Is it a visa? mine is and was accepted.

          I registered at that website about a month ago because I wanted to buy Euro Millions lottery tickets. I tried to buy but my transaction was declined.

          Then when this El Gordo raffle thing was posted, I decided to try again and the transaction went through very easily.

          Good luck man.


            United States
            Member #130815
            July 25, 2012
            1636 Posts
            Offline
            Posted: December 8, 2012, 8:51 pm - IP Logged

            2.52 Billion in the pot

            180 top prizes of 4 million Euros each

            Over 50% of the overall pot dedicated to sweet and tempting 2nd, 3rd... tier prizes

            Odds that make your heart skip a beat 1:100,000 for the top prize

             

            Are you in?

            How are they paying it out??........ 2.52 in Euros or dollars...........don't get me wrong I'll take either.....I'm wondering how much you'd end up with after taxes though.........whatever it is.....I'll take it w/o saying a mumbling word.......

              Original Bey's avatar - Lottery-022.jpg

              Bahamas
              Member #133462
              September 30, 2012
              5946 Posts
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              Posted: December 8, 2012, 10:40 pm - IP Logged

              How are they paying it out??........ 2.52 in Euros or dollars...........don't get me wrong I'll take either.....I'm wondering how much you'd end up with after taxes though.........whatever it is.....I'll take it w/o saying a mumbling word.......

              Taxes?

              "Everything works  ONCE!"


                United States
                Member #111442
                May 25, 2011
                6323 Posts
                Offline
                Posted: December 8, 2012, 11:10 pm - IP Logged

                Taxes?

                Taxes?  Jester Laugh

                  winsumloosesum's avatar - Lottery-060.jpg
                  Pennsylvania
                  United States
                  Member #2218
                  September 1, 2003
                  5387 Posts
                  Offline
                  Posted: December 9, 2012, 6:14 am - IP Logged

                  I may be wrong but most credit cards will be declined when making purchases outside the US .  You may need to call your bank to authorize a payment of this type.  I believe banks will "block" any overseas transactions made when using a credit card.  That's if you live in the US.

                    rdgrnr's avatar - walt
                    Way back up in them dadgum hills, son!
                    United States
                    Member #73904
                    April 28, 2009
                    14903 Posts
                    Offline
                    Posted: December 9, 2012, 7:23 am - IP Logged

                    Taxes?

                    C'mon OB, you didn't really think Barry wasn't gonna take a big ol' piece of that off the top, did ya?

                    He likes El Gordo too.

                    As long as you're buyin'.


                      United States
                      Member #130815
                      July 25, 2012
                      1636 Posts
                      Offline
                      Posted: December 9, 2012, 8:58 am - IP Logged

                      C'mon OB, you didn't really think Barry wasn't gonna take a big ol' piece of that off the top, did ya?

                      He likes El Gordo too.

                      As long as you're buyin'.

                      I HAVE to agree....I don't think the good ole US is gonna let you be a citizen here and NOT  give them their share....I wonder if you could renounce your citizenship THEN claim your winnings and then just come over on a "student visa"........and just disappear into the great American landscape.....like soooo many others........

                        Original Bey's avatar - Lottery-022.jpg

                        Bahamas
                        Member #133462
                        September 30, 2012
                        5946 Posts
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                        Posted: December 9, 2012, 9:22 am - IP Logged

                        C'mon OB, you didn't really think Barry wasn't gonna take a big ol' piece of that off the top, did ya?

                        He likes El Gordo too.

                        As long as you're buyin'.

                        Ridge I figured that was a given. I thought the poster was referring to Spain's taxes on lottery wins. No man escapes IRS or his ex wife!

                        "Everything works  ONCE!"

                          whiteballz's avatar - Lottery-015.jpg
                          Nutley, New Jersey
                          United States
                          Member #131058
                          August 1, 2012
                          875 Posts
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                          Posted: December 9, 2012, 12:08 pm - IP Logged

                          I HAVE to agree....I don't think the good ole US is gonna let you be a citizen here and NOT  give them their share....I wonder if you could renounce your citizenship THEN claim your winnings and then just come over on a "student visa"........and just disappear into the great American landscape.....like soooo many others........

                          You have to become a citizen of another country before you can renounce your US citizenship. The caribbean country of Dominica offers a citizenship program but you must invest $100,000 into their economy and the process takes months.

                          The IRS will still try to tax you on the grounds that you were a US citizen when you won the money. The fact that you claimed the prize after you renounce your US citizenship would make no difference to them.

                          .

                            Original Bey's avatar - Lottery-022.jpg

                            Bahamas
                            Member #133462
                            September 30, 2012
                            5946 Posts
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                            Posted: December 9, 2012, 12:18 pm - IP Logged

                            You have to become a citizen of another country before you can renounce your US citizenship. The caribbean country of Dominica offers a citizenship program but you must invest $100,000 into their economy and the process takes months.

                            The IRS will still try to tax you on the grounds that you were a US citizen when you won the money. The fact that you claimed the prize after you renounce your US citizenship would make no difference to them.

                            You are correct and I would be on the side of the IRS on this one.

                            One can avoid ongoing income taxes, gift taxes, etc. The initial state, federal, municipal taxes will apply. As well as that first year of additonal taxes on that winfall as it as you say will take a few months to process citizenship.

                            The Federal government will view this as a blatant attempt to evade taxation and as such milk every dime they could.

                            To give up citizenship to avoid taxation is extreme unless you always wanted to retire and live abroad.

                            "Everything works  ONCE!"