Mark.....BTW, did you happen to take your payout over 30 years when you sold your company ?? NO ????...Didn't think so
Mark...This is a biggie.. Can you tell me what the Federal and State income taxes will be in 10..15...18...22..26 years from now ?? Because Mark, the largest payouts come in the last 5 years of that 30 payment program..... You can't tell me ??? No ??? Didn't think so.....
Mark, since I am an older person and can not reasonably guess/guarantee my expiration date in 15-29 years. Can you 100% assure me that the Lottery and it's payout program will still be around in 20-29 years or won't have major financial issues and be unable to make those payouts ?? NO ?? Didn't think so.
Mark....Will I be able to help the charities with 10's of millions in donations, millions in family member donations, very close friends with millions right away ??? NO??? Didn't think so.
Mark.... Can you tell me how many folks I want to give to will still be alive in 10-29 years ? Because I want them to enjoy their wealth NOW, not trickled out over the next 30 years. Give then the complete sense of financial freedon, this year....... NO ??? Didn't think so
See Mark.... Here is what I don't want:
I don't want to get the first payout of .0150514% on the billion dollar jackpot and wait for the 5% increase each year.
I don't want the headache over the next 30 years of making sure after receiving my payout (minus only 24% taxes paid in) that the remaining 13% or possibly greater is paid to the federal government on time.
I don't want the headache of dealing if one of my fellow trustees passes on, and how that money is divided up amongst the remaining trustees or if a trustee feels they are slighted somehow and decides to file a lawsuit on the payout.
I don't want to have to worry about potential division of pending future assets..especially if I am in decline physically/mentally. Stress wears people out.
See Mark...What I do want, is to be done with the 29 future deposits, Trustee payouts, Charitable big donations and owed taxes, THIS YEAR !!! Just 1 and done.
I also want the folks that I am including in the claim to be financially set for life and never worry if I am including them next year or not. So they can set up their financial plans and help their families right away. It's the " Here is your money and don't worry about anymore coming in cause the $$ well is dried up and done" mentality for this winner.
Just my nickels worth on the topic..Even Though I didn't win...Thanks for listening Mark, I truly appreciate your input.
