- Posts
- 779
- Likes
- 2,447
tamura
·Oh yes, i wish i had as much of everything as money:😜😁
Powerball and Megamillions: Would You Really Want To Win?
- Posts
- 3,040
- Likes
- 14,175
Wryfox
·Most people think that winning a large sum of money in the lottery will make them happier. The interesting thing about winning the lottery, and studies done on the winners, is that after about a year of undeniable fun and spending, a surprising majority retuned to their previous level of happiness, wherever that was. Would be a fun year though, huh?
Actually I read a study that said that 80% of winners after 5yrs wish they hadn't won, mostly due to losing friends and family, which are arguably worth more in life.
- Posts
- 1,776
- Likes
- 4,256
p4ul
·Interesting thread, I would love the big win (not that I buy tickets!).
The thought of what good one could do with that sort of wealth really thrills me.
Obviously satisfy your own greed/need, give security to family first, then close friends, then quietly and privately improve the lot of as many struggling fellow humans as you can find. Every day I read of people with health issues that barely cling to life it would be so satisfying to lift the weight for someone else.
Recently been hearing of poverty successes in Africa where people are given 1kUS cash and rather than pissing it away they buy a cow and a bit of land, or start a business, this leads to more economic development locally and is demonstrably improving lives. How many 1ks in 400mill?
So, you that just want the 10 mill and need a home for the balance, drop me a pm and I will lift your load.
The thought of what good one could do with that sort of wealth really thrills me.
Obviously satisfy your own greed/need, give security to family first, then close friends, then quietly and privately improve the lot of as many struggling fellow humans as you can find. Every day I read of people with health issues that barely cling to life it would be so satisfying to lift the weight for someone else.
Recently been hearing of poverty successes in Africa where people are given 1kUS cash and rather than pissing it away they buy a cow and a bit of land, or start a business, this leads to more economic development locally and is demonstrably improving lives. How many 1ks in 400mill?
So, you that just want the 10 mill and need a home for the balance, drop me a pm and I will lift your load.
- Posts
- 896
- Likes
- 3,708
TheGreekPhysique
·I would retire and move to Greece. payoff my parents home and ensure my siblings could retire also if they wanted. I’d buy a matte dial sub. Head only. Maybe a complicated patek. Vintage of course. I’d wake up every morning God willing and take my wife and the little one to a cafe and enjoy sipping on my morning coffee. Go to the beach in the late spring, summer and early fall. Yea the simple life.
- Posts
- 665
- Likes
- 772
bananapeanut
·
Alright, so if I have the winning numbers, I move to Texas before claiming my prize. That way I can remain anonymous, and then I move back to my home state. Would that work?
- Posts
- 9,537
- Likes
- 52,524
gbesq
·No. The state where you purchased the ticket controls. If it's a state that requires public disclosure of the names of winners, your name will be released whether you like it or not no matter where you are currrently living.
- Posts
- 665
- Likes
- 772
bananapeanut
·No. The state where you purchased the ticket controls. If it's a state that requires public disclosure of the names of winners, your name will be released whether you like it or not no matter where you are currrently living.
I'll stay in Texas then. I'll just have to learn to live with those damn mosquitoes... Winning sucks already !
- Posts
- 9,537
- Likes
- 52,524
gbesq
·I do know that the public disclosure requirement has been challenged in the courts in several states. Pennsylvania used to require pubic disclosure of the names of winners, but after a winner with a large jackpot challenged that requirement, she was permitted to claim the prize through an anonymous trust set up by her attorneys. While I understand the rationale for requiring public disclosure of the names of winners (i.e., to evidence the integrity of the lottery and the fact that the jackpots are actually paid), I think that this requirement does a great disservice to the winners and, in some cases, puts them in danger. At a minimum, I think that all state lotteries should permit winners to claim prizes anonymously through an entity or trust.
- Posts
- 7,561
- Likes
- 13,959
Evitzee
·No. The state where you purchased the ticket controls. If it's a state that requires public disclosure of the names of winners, your name will be released whether you like it or not no matter where you are currrently living.
- Posts
- 2,761
- Likes
- 4,359
lillatroll
·Interesting thread, I would love the big win (not that I buy tickets!).
The thought of what good one could do with that sort of wealth really thrills me.
Obviously satisfy your own greed/need, give security to family first, then close friends, then quietly and privately improve the lot of as many struggling fellow humans as you can find. Every day I read of people with health issues that barely cling to life it would be so satisfying to lift the weight for someone else.
Recently been hearing of poverty successes in Africa where people are given 1kUS cash and rather than pissing it away they buy a cow and a bit of land, or start a business, this leads to more economic development locally and is demonstrably improving lives. How many 1ks in 400mill?
So, you that just want the 10 mill and need a home for the balance, drop me a pm and I will lift your load.
I can't remember the book, but at least the concept seems to make sense to me.
- Posts
- 297
- Likes
- 267
Widows Son
·I would probably take care of the immediate needs of my relatives and close friends first. Then I'd open up 529 plans for my friend's kids. I'd do some renovations to my Masonic Lodge and buy all our members endowed memberships. I'd go over to our local police and fire and see what new equipment is needed. I'd seek out a local church that needed financial help and give it. I'd do something for the local kids. Fund sporting programs, tutoring after school, aftercare programs, believe me, I'd find ways to help the kids!!! Probably the easiest thing after immediate needs were met would be to start a foundation. This foundation would be encouraged to help many organizations, not just those with 503 (C)( 1) status.
- Posts
- 29,218
- Likes
- 75,506
Archer
··Omega Qualified WatchmakerAnother important factor is state income tax, The Peoples Republic of California's top rate is 13.3%, Texas' is zero, so depending on where the ticket is bought it will impact your net winnings. In many places around the world lotto winnings are net of taxes, not so in the US, you have to pay Federal income (max 39.6%), plus any state and local income taxes. So in some places you'll net less than half of your mega jackpot.
No taxes on lottery winnings here in Canada...
- Posts
- 1,776
- Likes
- 4,256
p4ul
·There is a book where the author says that long term change is more likely to happen if you give substantial help to people. The time they stay on benefits is reduced by decades rather than years.
I can't remember the book, but at least the concept seems to make sense to me.
If you remember, let me know please.
If you are interested this gives it life…
https://www.indiatimes.com/worth/ne...1000-dollars-to-every-poor-person-579996.html
- Posts
- 9,537
- Likes
- 52,524
- Posts
- 29,218
- Likes
- 75,506
Archer
··Omega Qualified WatchmakerI really need to move. 😀
You are certainly welcome to move here. However, keep in mind that the US is special in that the IRS will tax you based on citizenship, rather than by residency, so you won't escape them just by moving here. You can renounce your US citizenship, which is commonly done by Americans that move here, to get the IRS off their backs...😀
- Posts
- 9,537
- Likes
- 52,524
gbesq
·With yet another mass shooting in the US a few days ago, Canada certainly has its charms that go well beyond no taxation of lottery proceeds.
- Posts
- 16,307
- Likes
- 44,981
JwRosenthal
·With yet another mass shooting in the US a few days ago, Canada certainly has its charms that go well beyond no taxation of lottery proceeds.
- Posts
- 29,218
- Likes
- 75,506
Archer
··Omega Qualified WatchmakerBut then I would have had to change my entire vowel structure and lose the sarcasm which would have been really tough.
Have you ever been to Canada? Sarcasm is our official vocabulary...and passive aggression is our national pastime...
- Posts
- 3,794
- Likes
- 10,361
Waltesefalcon
·I'd start working part time, buy a bit of land, build a shop and garage on it, buy a Duesenberg, get a pilot's license, and buy a Beechcraft Model 17, collect guns and watches, donate some to the Oklahoma Special Olympics, donate some to the Shiner's hospital in Shreveport, fund some libraries, and establish a non profit literacy program.
- Posts
- 13,487
- Likes
- 53,048
Larry S
··Color Commentator for the Hyperbole.In general, these life events seem to have dire consequences for those who experience them. This is not to say that I’d say no to the money.
Similar threads
- Posts
- 13
- Views
- 1K
- Posts
- 13
- Views
- 6K
