My office pool decided to put in 40 bucks a person. I don't think they understand math. I wouldn't have done it but I can't be the only one left at work.
It doesn't make sense to buy tons of tickets. I believe the odds are 1 in 292 million. Why make it 40 in 292 million? This lotto is a tax on us poor suckers. But when I win I'll be fine with that.
wrong, just the more chance that there are multiple winners. If you are the only one buying a ticket or a billion people do, the odds don't change.
I have no problem winning and having a dozen other winners. I think I can get by with 50 mil after taxes. It would be rough, but I could manage.
I don't mind sharing the prize either but like....Do I want to post the winning numbers so that you guys can go buy a ticket and get in on it, or am I fine if somebody else happens to pick the same numbers as me?
Sharing is one thing, sharing with you fools is something different altogether. If I win I'll buy a gift for Mags wife, but thats it.
I'm good at solving puzzles. This is guesses on the exact number of HCP's IQ followed by the number of the guess you got it right.
Next payout estimate is 1.5 billion The lump sum payout estimate is 930 million Federal tax rate is 39.6 I live in WA which has no state tax on lottery If I were the only winner, my after tax winnings would be $595,200,000. It has now reached sports franchise money. Not that I would do that, but a low level NBA team would be possible. If I won, 25% would go to family, about 10% to long time friends, 10% to charities. That would leave me with over 300 mil. I'd start a winery and vineyard with some friends, and that's really the only big expenses aside from decent house and car and a fun time traveling. I would keep working but only at my own winery after a couple years of learning elsewhere.
You can't just give those amounts out to people. The gift tax exclusion amount is $14,000 per person. So for couples you could give them $28,000. Otherwise, you'd have to pay taxes on amounts you have gifted. I've thought about this myself, and if I won by myself, I'd choose certain people to lay claim to the ticket with me to get around having to pay more taxes
Yeah, I'd split half with my bro take out a few hundred thousand and keep the rest locked up. When people ask for money I'll just tell them its locked in a trust and I'll blame my financial advisor.
Exactly what I was thinking. My brother would claim 10%, as would my sister. My parents I would just give access to about 5% but I would technically own anything they purchased. As far as my friends go, they would be fine paying taxes on 10 mil here and 5 mil there. Giving to charity I would have to do on a schedule in accordance with my financial advisors advise.
I think you would have to change your name every few months for the first couple years, then eventually you might be able to go back to your old name. But you don't need to do that if you feel comfortable telling people No
