Just imagine ... 800 million

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I didn't have a ticket for the last draw, but I got one for the next one. I can't believe the tickets are only $2. Crazy, that's a crap ton of tickets they have sold.

KLR guy. If you want less, donate down to what you want (ie. donate 499 million to charity and keep one for yourself, then never pay income tax again because you have a ridiculous donation to try to write off).
 
klr_guy said:
Is it just me? That big of a jackpot would attract so much attention, I'd want no part of it.
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I'm know there's companies that specialize in keeping you off the grid while it all goes down.

Change your phone numbers, close your social media accounts, get new email addresses..and be very choosey who you give the new info to. Stay out of the media. Disappear.

Lets just put it this way. I have the exact same name as someone who won a lot of money not that long ago, not that far from me. I woke up the next morning to a bunch of new friend requests on FB from people I had no idea who they were as well as lots of unsolicited messages from FB strangers, a few emails, and lots of "wow congratulations" type messages. Coworkers looked at me funny when I showed up for work. Then I posted publicly on FB that it wasn't me, changed my FB photo to an actual photo of myself (so those with a half brain could figure out I didn't match the media photos of the *actual* winner) and things slowly died off, but it was a good taste of what inevitably happens.

But, if I ever won it, I'd be employing the skills of one of those "make me disappear" companies in a hurry. As much as I love my neighborhood and such, I'd be gonzo, off the public radar immediately, probably down to some secluded little island in the caribbean for a year or so to start, and fly my friends and family in and out every weekend if they so desired.

And I always wanted a yacht. Yes, there shall be a yacht.
 
If I won that kind of money I'd loose my edge. Can't have that.
 
klr_guy said:
Is it just me? That big of a jackpot would attract so much attention, I'd want no part of it.

Let me win 1 / 2 / 5 / 10 million, and I'd be ecstatic - a billion?!? No thanks, honestly.
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Yes, it is just you! Wants no part of a billion dollars because of the fame.

I take your billy then, thanks!
 
Rob MacLennan said:
In the US, lottery and gaming winnings are taxed at a fairly high rate. Federal income tax would apply and, presumably, the winnings would need to be received through one of the participating State lottery commissions, meaning that State income tax would also apply. As far as Canada is concerned this is just income, so Provincial and Federal income taxes would also apply.

Everyone gets a cut.
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The news last night said the US would impose a 30% withholding tax. Also the 1+ billion is a payout over time.

If a Canuck won and wanted it in one big heap they would get about 800M Canadian IIRC.
 
PrivatePilot said:
I'm know there's companies that specialize in keeping you off the grid while it all goes down.

Change your phone numbers, close your social media accounts, get new email addresses..and be very choosey who you give the new info to. Stay out of the media. Disappear.

Lets just put it this way. I have the exact same name as someone who won a lot of money not that long ago, not that far from me. I woke up the next morning to a bunch of new friend requests on FB from people I had no idea who they were as well as lots of unsolicited messages from FB strangers, a few emails, and lots of "wow congratulations" type messages. Coworkers looked at me funny when I showed up for work. Then I posted publicly on FB that it wasn't me, changed my FB photo to an actual photo of myself (so those with a half brain could figure out I didn't match the media photos of the *actual* winner) and things slowly died off, but it was a good taste of what inevitably happens.

But, if I ever won it, I'd be employing the skills of one of those "make me disappear" companies in a hurry. As much as I love my neighborhood and such, I'd be gonzo, off the public radar immediately, probably down to some secluded little island in the caribbean for a year or so to start, and fly my friends and family in and out every weekend if they so desired.

And I always wanted a yacht. Yes, there shall be a yacht.
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A guy that worked with my cousin won 7 million. He and his wife were in their 70's and had raised their family largely on his minimum wage earnings. He was getting calls from all over. "Remember me When we went to school together 60 year ago. You forgot your lunch and I gave you half my sandwich."

His wife went shopping and bought herself a new pair of shoes for $40.00. When she got home she though that was too much to pay and took them back. They had 7 million in the bank.
 
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PrivatePilot said:
I'm know there's companies that specialize in keeping you off the grid while it all goes down.

Change your phone numbers, close your social media accounts, get new email addresses..and be very choosey who you give the new info to. Stay out of the media. Disappear.

Lets just put it this way. I have the exact same name as someone who won a lot of money not that long ago, not that far from me. I woke up the next morning to a bunch of new friend requests on FB from people I had no idea who they were as well as lots of unsolicited messages from FB strangers, a few emails, and lots of "wow congratulations" type messages. Coworkers looked at me funny when I showed up for work. Then I posted publicly on FB that it wasn't me, changed my FB photo to an actual photo of myself (so those with a half brain could figure out I didn't match the media photos of the *actual* winner) and things slowly died off, but it was a good taste of what inevitably happens.

But, if I ever won it, I'd be employing the skills of one of those "make me disappear" companies in a hurry. As much as I love my neighborhood and such, I'd be gonzo, off the public radar immediately, probably down to some secluded little island in the caribbean for a year or so to start, and fly my friends and family in and out every weekend if they so desired.

And I always wanted a yacht. Yes, there shall be a yacht.
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I have a buddy that won a nice lump. Same thing... pestered by everyone that could get in contact with him. Threatened by some.. including someone he knew for at least 20 years. Co-workers asking for money. Not many friends, from before he won, left.. and on the outs with a lot of his family now too. He planned to keep the lump and only live off the interest.... and cutting checks to them as the interest rolled in wasn't good enough... they wanted lump sums right away.
 
Holy people actually do that. Bahaha. Instead of publishing the names of the winners they should publish the names of the people who pester them.
 
And if you tell them "im living off the interest, so i cant just give you a lump sum" they'll call you greedy
 
LePhillou said:
And if you tell them "im living off the interest, so i cant just give you a lump sum" they'll call you greedy
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I would. Friendships have value. If a close friend won really big money he doesn't owe me anything but on the flipside don't be rubbing your brand new Corvettes or Honda products in my face. You want me to cheer for you but don't want to make my life a little easier? F off.
 
LePhillou said:
And if you tell them "im living off the interest, so i cant just give you a lump sum" they'll call you greedy
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My brother has this plan. My complaint is those sobs that tell you that you are wasting your money on the lotto but want some when you hit.

Sent from a Samsung Galaxy far, far away using Tapatalk
 
inreb said:
I would. Friendships have value. If a close friend won really big money he doesn't owe me anything but on the flipside don't be rubbing your brand new Corvettes or Honda products in my face. You want me to cheer for you but don't want to make my life a little easier? F off.
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I don't want you to cheer. I'll pay some hotties to do that.

Sent from a Samsung Galaxy far, far away using Tapatalk
 
Joe Bass said:
My brother has this plan. My complaint is those sobs that tell you that you are wasting your money on the lotto but want some when you hit.

Sent from a Samsung Galaxy far, far away using Tapatalk
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How about buying them a lotto ticket telling them it's the same as yours was.
 
inreb said:
I would. Friendships have value. If a close friend won really big money he doesn't owe me anything but on the flipside don't be rubbing your brand new Corvettes or Honda products in my face. You want me to cheer for you but don't want to make my life a little easier? F off.
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Having money changes people. They become more secure and that attracts a different type of friend. It also drives away people that were used to having a lackie around. I have a friend who, through an inheritance, will go from a net worth of a few grand to just short of a million. He hasn't become snotty and it's good to see him with more confidence. A million just makes him average for his age so he should be OK.

The problem comes with huge money such as the powerball. A lot of people don't want to feel like freeloaders. They can't keep up with your new budget and you don't want to slum.
 
nobbie48 said:
Having money changes people. They become more secure and that attracts a different type of friend. It also drives away people that were used to having a lackie around. I have a friend who, through an inheritance, will go from a net worth of a few grand to just short of a million. He hasn't become snotty and it's good to see him with more confidence. A million just makes him average for his age so he should be OK.

The problem comes with huge money such as the powerball. A lot of people don't want to feel like freeloaders. They can't keep up with your new budget and you don't want to slum.
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It would be awkward all around no doubt about it. Thats why I hang around with poor ugly people.
 
inreb said:
It would be awkward all around no doubt about it. Thats why I hang around with poor ugly people.
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On an unrelated note: nice meeting up with you for coffee today. Also, thanks for paying.

Sent from a Samsung Galaxy far, far away using Tapatalk
 
inreb said:
I would. Friendships have value. If a close friend won really big money he doesn't owe me anything but on the flipside don't be rubbing your brand new Corvettes or Honda products in my face. You want me to cheer for you but don't want to make my life a little easier? F off.
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Never said not give them a penny. My plan would be to store it in low risk investments and income funds to live off that income (Cap Gains and Dividends) and maybe have a very low amount of it on riskier investments.
I would be able to take these friends on trips and stuff like that... I'd want to do activities and pay for activities for my friends, not give actual money and material ***** like that cause that makes me a bank, and i was never a bank in the first place even when i was poor.

I'm about making those memories, not having the most as you can have (ie Mayweather and his cars lol)
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