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Are you playing this year?

Yes

[ 6 ]

[ 31.6% ]

[ 6 ]

[ 31.6% ]

Undecided

[ 6 ]

[ 31.6% ]

Other (Please clarify)

[ 1 ]

[ 5.3% ]

Total valid votes

[ 19 ]

Discarded votes

[ 1 ]

Original Bey

Bahamas
Member #133,456
September 30, 2012
7,146 Posts
Offline

Dec 8, 2012, 2:29 pm

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?

"Do everything you can. Then, leave the rest to luck."
x1kosmic

United States
Member #48,044
December 7, 2006
1,750 Posts
Offline

Dec 8, 2012, 5:04 pm

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

rekjavik
Iceland
Member #99,533
October 27, 2010
177 Posts
Offline

Dec 8, 2012, 7:05 pm

What Elgordo???

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

Bahamas
Member #133,456
September 30, 2012
7,146 Posts
Offline

Dec 8, 2012, 7:26 pm

El Gordo means "Fat One" in Spanish.

It's Spain's Annual Christmas lottery.

Todd has a thread on it in this forum.

"Do everything you can. Then, leave the rest to luck."
maringoman

Massachusetts
United States
Member #37,432
April 14, 2006
2,747 Posts
Offline

Dec 8, 2012, 7:39 pm

Quote: Originally posted by x1kosmic on Dec 8, 2012
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.
billionaire2bee

United States
Member #130,809
July 25, 2012
1,636 Posts
Offline

Dec 8, 2012, 8:51 pm

Quote: Originally posted by Original Bey on Dec 8, 2012
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

Bahamas
Member #133,456
September 30, 2012
7,146 Posts
Offline

Dec 8, 2012, 10:40 pm

Quote: Originally posted by billionaire2bee on Dec 8, 2012
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?

"Do everything you can. Then, leave the rest to luck."
mcginnin56

United States
Member #111,437
May 25, 2011
6,323 Posts
Offline

Dec 8, 2012, 11:10 pm

Quote: Originally posted by Original Bey on Dec 8, 2012
Taxes?

Taxes?
winsumloosesum

Philadelpia/Pennsylvania
United States
Member #2,218
September 1, 2003
6,802 Posts
Offline

Dec 9, 2012, 6:14 am

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

100

The Hall Of The Mountain Kings Tennessee
United States
Member #73,902
April 28, 2009
15,378 Posts
Offline

Dec 9, 2012, 7:23 am

Quote: Originally posted by Original Bey on Dec 8, 2012
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'.
billionaire2bee

United States
Member #130,809
July 25, 2012
1,636 Posts
Offline

Dec 9, 2012, 8:58 am

Quote: Originally posted by rdgrnr on Dec 9, 2012
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

Bahamas
Member #133,456
September 30, 2012
7,146 Posts
Offline

Dec 9, 2012, 9:22 am

Quote: Originally posted by rdgrnr on Dec 9, 2012
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!

"Do everything you can. Then, leave the rest to luck."
whiteballz

Nutley, New Jersey
United States
Member #131,052
August 1, 2012
904 Posts
Offline

Dec 9, 2012, 12:08 pm

Quote: Originally posted by billionaire2bee on Dec 9, 2012
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

Bahamas
Member #133,456
September 30, 2012
7,146 Posts
Offline

Dec 9, 2012, 12:18 pm

Quote: Originally posted by whiteballz on Dec 9, 2012
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.

"Do everything you can. Then, leave the rest to luck."

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