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Artist77

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January 16, 2012
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Feb 23, 2022, 7:37 am

Quote: Originally posted by Stat$talker on Feb 23, 2022
"Honestly, I would rather just play in a state whereas I could be anonymous without relinquishing control of my prize to an attorney."

Well, WE ALL saw whut relinquishing control of YO Lottery Money to a Lawyer will git you..!! People wit good intentionz sometimez NUTUP,.. not becauze they want to.. but cauze they CAN..!

That is not really accurate. The winners got lazy and allowed the attorney to make specific investment decisions for them. Legal advice is different from financial investing advice and they should have kept those functions separate. Attorneys should not direct you to specific individual investments. You pick an independent team of experts. The winners should have consulted with an outside financial /investment firm that had no connection to the law firm. They freely walked into that trap and made it easy for a dishonest attorney to take advantage of them.

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
Stat$talker

700 light yrs West of Milky Way Galaxy's Center
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September 1, 2019
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Feb 23, 2022, 1:58 pm

Quote: Originally posted by Artist77 on Feb 23, 2022
That is not really accurate. The winners got lazy and allowed the attorney to make specific investment decisions for them. Legal advice is different from financial investing advice and they should have kept those functions separate. Attorneys should not direct you to specific individual investments. You pick an independent team of experts. The winners should have consulted with an outside financial /investment firm that had no connection to the law firm. They freely walked into that trap and made it easy for a dishonest attorney to take advantage of them.

Well, I would say that there'z at least 1 good Attorney on LP.. Duly noted..!!

How much wouldja charge to represent me & my MILLIONZ that I'm gonna win?

...MATH... The final Stochastic frontier...

These are the Lottery Voyages of Stat$talker..!!

The ongoing Mission,..to seek out the Laws of "Probability Math"...

to master its rules to invoke...to Conquer ALL Major Jackpots..!!

...To boldly go,... Where NO Player has gone before...!!
Artist77

United States
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January 16, 2012
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Feb 23, 2022, 2:24 pm

Quote: Originally posted by Stat$talker on Feb 23, 2022
Well, I would say that there'z at least 1 good Attorney on LP.. Duly noted..!!

How much wouldja charge to represent me & my MILLIONZ that I'm gonna win?

I do not deal with individual clients. lol. In all seriousness, you want to go to an attorney that has experience claiming for other winners or a larger law firm with a solid tax and financial department... not someone's cousin who handles immigration matters in a strip mall. You can interview attorneys. Remember that attorney represents you and you have a right to end the relationship at any time.

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
Speler

Belgium
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April 17, 2021
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Feb 23, 2022, 3:24 pm

Why would you want anonymity when you can become famous in the USA?
Artist77

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Feb 23, 2022, 3:33 pm

Quote: Originally posted by Speler on Feb 23, 2022
Why would you want anonymity when you can become famous in the USA?

Dee Dee. Stop posting from the computer room in the prison.

DO NOT BE AFRAID.

How Great Thou Art. God has blessed America.
Speler

Belgium
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April 17, 2021
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Feb 23, 2022, 4:15 pm

Quote: Originally posted by Artist77 on Feb 23, 2022
Dee Dee. Stop posting from the computer room in the prison.

Are you from facebook CA?
cottoneyedjoe

United States
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March 28, 2019
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Feb 23, 2022, 7:09 pm

Quote: Originally posted by Stat$talker on Feb 23, 2022
Well, I would say that there'z at least 1 good Attorney on LP.. Duly noted..!!

How much wouldja charge to represent me & my MILLIONZ that I'm gonna win?

What about the lawyer(s) you already consulted with to sue the lottery? None of them believed your evidence? Pretty funny that someone who believes the drawings are rigged against him personally would continue to play.
KY Floyd

NY
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October 16, 2005
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Feb 24, 2022, 1:44 am

"Is it worth driving to either state to play a large number of lottery tickets with those odds for the sake of remaining anonymous?"

Given the odds of wining there's very little sense in buying tickets at all, but unless you're going to by so many tickets that the cost of driving becomes negligible it makes no sense at all to drive far out of your way.

As a raw statistic the chance of dying in a traffic accident is 1 in 75 million for every mile you drive. Those aren't bad odds at all when they're the odds of dying, but it means that if you drive a mile to buy one ticket you're 4 times as likely to die as you are to win the jackpot. If you drive 50 miles to another state and buy 50 tickets you'll actually be 8 times as likely to die as to win because you'll also have to drive back home. The IRS figures that 100 mile r/t will cost you about $58 in vehicle expenses, so if you buy 58 tickets you've spent $3 per ticket instead of $2.

If you bought your ticket at a place you were driving past near home you could spend the same $3 to buy 50% more tickets and have a better chance of winning any prize, without the slightly higher chance of dying in a traffic accident. If you're not going to buy 50 or 58 tickets the increased risk and cost and risk per ticket are both higher.

Then there's the tax rates in the different states. If the other state has a higher income tax you'll keep less of any large prize. If you win anything that gets reported you'll be filing a tax return in the other state, and that potentially includes paying $100 or more for paperwork resulting from a fairly modest prize. You'll also need to trust the mail or make another trip to collect any prize you win, though that would eliminate the added cost of buying tickets there that time around.

And, of course, even if you buy thousands of tickets it's till very unlikely that you'll win a prize that's big enough to matter.

That said, if you've got another, sensible, reason to be in a different state it may be a good idea to buy your ticket while you're there. If I were to win a jackpot with a NY ticket I'd pay the new 10.3% rate on taxable income between $5 and $25 million and 10.9% on anything over $25 million. I'm out of state several times a year, so if one of the lotteries is high enough I'll get tickets for the next 8 to 10 drawings while in one of the states with a lower tax rate. I'd have to move before claiming the prize, but I'd be okay with that. If your state's tax rate is lower you'd have to decide if it's worth paying the higher taxes to hide your name without creating a trust or LLC. Of course it should be noted that there are good reasons to have a trust even if your net worth is fairly modest.