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Topic:
site breaks down how much you'd get net out of 540 million lottery win for each state [Locked] |
faefrost  Posts: 70
Registered: 2000-4-27 21:34:34
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
I must be the dullest lottery daydreamer on the planet :/
I figure if I win, I'll take a bit and create a trust fund to make sure that all my main relatives (aunts uncles cousins and nephews) have their education and health care paid for for life. Set aside two reasonable and managed trusts to insure that my and my wifes parents can spend comfortably in their retirement, and dump the rest in diversified long term investments and live off the earnings.
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tillsb  Title: me
Posts: 463
Registered: 2003-7-24 20:45:26
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
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I would take the lump sum and then die of a hooker/cocaine overdose 2 weeks later.
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
tillsb posted:
I would take the lump sum and then die of a hooker/cocaine overdose 2 weeks later.
Its happened before:
Poverty, after spending all the money on drugs and hookers. This is the sad tale of "Lotto Lout" Michael Carroll, the "self-styled King of Chavs," who "turned up to collect his £9.7million [UK] win wearing an electronic offender's tag." After winning, he used his money on drugs, gambling, and "thousands of prostitutes" only to end up back on the dole after eight years of living the Lotto life. Said Carroll to the Daily Mail, "The party has ended and it's back to reality. I haven't got two pennies to rub together and that's the way I like it. I find it easier to live off £42 dole than a million." He sounds pretty chipper given the details of his story, which involve his wife leaving him and taking their daughter with her, and the loss of £100,000 over eight years in payments to prostitutes, among other rather grave financial mistakes.
http://news.yahoo.com/terribly-sad-true-stories-lotto-winners-164423531.html
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
10% return? Please tell.
Anyway, my choice:
Virginia: 4% State Tax
Your net per year: $17,476,924
After 26 payments: $454,400,024
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WARLORD OF PI
Lokkie_the_Fierce (+3.14)
http://c.mymovies.dk/ryejay123 |
Gildash  Posts: 515
Registered: 2001-4-26 16:26:13
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
I'd have to look into it.
If there was any possible future where I would get shafted, I'd take the lump.
Yay for no CA taxes!
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jonus156 Posts: 906
Registered: 2005-10-12 11:53:45
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
lump sum and i would still keep my job i would just change to part time
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Gildash Posts: 515
Registered: 2001-4-26 16:26:13
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
jonus156 posted:
lump sum and i would still keep my job i would just change to part time
....really?
How boring. I would find it hard to keep a job while traveling the world.
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Jezza_Belle  Title: =^.^=
Posts: 2,771
Registered: 2001-2-24 02:29:30
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
lump sum for sure, I don't know if I'll be alive tomorrow, let alone in 26 years, and I wouldn't want my family to be destitute (lol) because I took the annuity.
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Galdwarf Title: Ye Olde Pub Barfly
Posts: 379
Registered: 2002-2-27 21:53:46
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
8% in Oregon :/
Maybe I'd send ticket to Doug_Doug in Penn to turn it in. No tax = more $$.
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R 7/27/2003
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Date Posted:
1/1/00 12:01am
Subject:
site breaks down how much you'd get net out of 540 million lottery win for each state |
What happens if I win an annuity and die before all the installments have been paid?
Your designated beneficiaries will receive the remaining payments.
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WARLORD OF PI
Lokkie_the_Fierce (+3.14)
http://c.mymovies.dk/ryejay123 |
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