[DiggityDaggityDo]

High class hookers mate,we aint gonna skimp.

Can you imagine??? Let's talk tomorrow after the draw.

[DiggityDaggityDo]

Packer, can you buy US lotto tickets in the UK?

[packerd_00]

Can you imagine??? Let's talk tomorrow after the draw.

Im up for that.

[packerd_00]

Packer, can you buy US lotto tickets in the UK?

Yeah im pretty sure you can actually,theirs a few sites where you can buyin on the US Lottery.

[CWD]

diggity get your mind out of the gutter and work on winning numbers

all I came up with so far 7 and 41

[DiggityDaggityDo]

diggity get your mind out of the gutter and work on winning numbers

all I came up with so far 7 and 41

CWD, WOW!

After caping this all night, those are two of my numbers!

I’m not even going to say what the other numbers are. You obviously know.

Let’s split this shit, brotha!

[CWD]

CWD, WOW!

After caping this all night, those are two of my numbers!

I’m not even going to say what the other numbers are. You obviously know.

Let’s split this shit, brotha!

im trying to make a move on this too

[19th Hole]

It depends on a state. Only Delaware, Kansas, Maryland, North Dakota, Ohio, South Dakota and Texas allow you to stay anonymous. But obviously there is a way for folks from other States to stay anonymous. If you win just set up a trust and voila. Nobody knows who you are.

10 Things To Do When You Win The Lottery
eborah L. JacobsForbes Staff
Editor's note: This post was updated on January 12th, 2016, to reflect the current $1.5 billion Powerball jackpot and the 2016 lifetime exemption from estate and gift taxes.
The jackpot for tomorrow's Powerball drawing has hit $1.5 billion. If you win it, you won't ever have to worry about money again--right?
Wrong.
With good money management you--and your heirs--could live handsomely for many, many years. But from the moment that you claim that prize, you will be descended upon by vultures who want a hefty helping of those winnings. And if you didn't have smart money habits up until now, you could easily turn out to be your own worst enemy by quickly squandering the fortune. (See my post, "Thieves And Forgers Rush In Where Big Spenders Dare To Tread.")
The first precautionary step you should take between now and the drawing is to sign the back of the ticket, says Carolyn Hapeman, a spokeswoman for The New York Lottery. A lottery ticket is a bearer instrument, she explains, meaning that whoever signs the ticket and presents a photo ID can claim the prize. So if you haven't signed the ticket and it blows out of your hand while you are waiting for a bus, or if you show it to a buddy in a bar and accidentally leave it on the counter, you've lost the loot.
Here are some steps to help you steer clear of additional risks. Most of them work well for other windfalls too--for example with sudden wealth that comes from an inheritance or the sale of a business.

1. Remain anonymous if your state rules permit it. Once people know you're suddenly wealthy, you'll be badgered by requests for handouts from everyone from charities to long-lost friends and relatives--not to mention all the financial "experts" who will be vying for your business. So check state rules to see whether you can dodge them all by remaining anonymous.
Rules on winner publicity vary by state. In New York, for example, winners' names are a public record. Elsewhere it may be possible to maintain your anonymity by setting up a trust or limited liability company to receive the winnings, says Beth C. Gamel, a CPA with Pillar Financial Advisors in Waltham, MA. A client of Gamel's who won a past lottery did that, and had a lawyer claim the prize on behalf of of the trust. In South Carolina, it's also possible to remain anonymous.
Depending on where you bought the ticket, prize winners have between 180 days and one year from the date of the drawing to claim their prize. So find out what the state rules are and plot a course.

2. See a tax pro before you cash the ticket. You have the choice between taking the prize money all at once or having it paid out in 30 installments over 29 years in the form of an annuity. With a lump sum payment, you must immediately pay tax on the entire amount, says Michael A. Kirsh, a financial planner in New York. With an annuity, you are taxed only as you receive the payments. People who have trouble controlling their spending might prefer the discipline of receiving the money as an annuity. But this payout form has other drawbacks, Kirsh notes. You will want to compare the effective yield of the annuity with what you could earn by taking the money as a lump sum, paying the taxes and investing the proceeds.
Another issue to consider is whether taking an annuity will leave your family without the cash they need to pay estate tax if you die before the 30-year period is up, Kirsh says. In such situations people typically buy life insurance policies to cover the estate tax bill. (Powerball also says in its FAQs that it will cash out an annuity prize for an estate.)
You have 60 days from the time you claim your lottery prize to weigh the pros and cons. During this time, ask advisors to crunch the numbers and help you decide which type of payment suits you best.


3. Avoid sudden lifestyle changes. For the first six months after you win the lottery, don't do anything drastic, like quitting your job, buying a home in Europe, trading up for a luxury car or building a collection of Birkin handbags. Meanwhile, set aside a fixed amount for splurges—it's only natural to want to celebrate your windfall.
Save the big purchases for later. For example, you could rent a house in the neighborhood where you were thinking of moving, before you make any commitments, says Guerdon Ely, a financial planner in Chico, Calif. If you need a new car, buy a budget model for now.


4. Pay off all your debts. As I wrote in my post, "The Best Investment Advice I Ever Received," there is no better investment than paying off debts. Whether it is credit card debt or a mortgage, your rate of return equals the interest rate on the loan. With today’s abysmal yields on relatively secure investments like CDs and Treasurys, that's especially true. When you’ve paid down a dollar of debt, that’s a dollar you no longer owe. When you invest a dollar, you can’t be sure whether it will grow or shrink.


5. Assemble a team of legal and financial advisers. In situations like this it's very hard to know "who's trying to help you and who's trying to use you," says Ely. Rather than signing on to a group of advisors that someone else has put together, he recommends handpicking your own lawyer, accountant and investment advisor, and requiring them to work together.
Carefully vet each advisor before discussing your situation. Check broker records at the Financial Industry Regulatory Authority. For attorneys and insurance agents, see whether there have been any complaints filed with state disciplinary authorities.
If you live in a small community and don't want lawyers there to know your business, seek out a professional in the nearest large city. Names can be found on martindale.com, the nationwide lawyers’ directory that you can search by location and area of practice, and on the Web site of the American College of Trust and Estate Counsel, a group of trust and estate lawyers.
In effect, the team you put together will function as your board of directors, Ely says. You can start by having a fee-only advisor put together a long-term financial plan and running it by the group for comment. Once you've decided on a plan, they can provide checks and balances on each other. You can ask one of them to serve as quarterback, coordinating the group effort. That person can also play the "bad guy," declining requests from people or organizations for gifts that you don't want to make.


6. Invest prudently. Ely recommends putting the money in safe, short-term investments and not even touching it for the first six months. Then ask your advisors is to put together an investment portfolio divided half-and-half between equities (such as stocks) and fixed income (like bonds). Don't fall for investments that you don't understand or that sound too good to be true.


7. Live within a budget. Especially if you're not accustomed to having a lot of money, it may take some discipline to preserve your winnings and not go on a wild spending spree. One way to restrain yourself is to only spend income–not principal. Especially in today's investment world, "It takes a lot of principal to generate income and once you start spending principal, the principal quickly dissipates," says Dennis I. Belcher, a lawyer with McGuireWoods in Richmond VA.


8. Take steps to protect assets. People who are worth a lot of money need to guard against losing assets to creditors. They include everyone from disgruntled spouses and ex-spouses to people who win lawsuits against you. If people think you have deep pockets they may look for reasons to sue. "If you win the Powerball, everyone's going to be laying in front of your car so you can run over them so they can sue you," says Ely. It’s prudent to ensure you are not an easy target.
The best defense is to erect a variety of roadblocks that make it difficult, if not impossible, for creditors to reach your money and property. These asset protection strategies, as they are called, can range from relying on state-law exemptions to creating multiple barriers through the use of trusts and family limited partnerships or limited liability companies. It may be possible to rely on a variety of strategies, either separately or in combination with each other.


.9. Plan charitable gifts. You can offset one of the additional income from your lottery winnings (or the annuity payments if you take it that way) with an annual charitable deduction. For gifts to a public charity, donors are entitled to an income tax deduction for up to 50% of adjusted gross income (AGI) for cash contributions and up to 30% for donations of other appreciated assets held more than 12 months.
If you are take the $1.5 billion prize in a $930 million lump sum, and are unable to decide between now and year-end which charities to support, it may be worth considering a donor-advised fund. With a donor-advised fund, you can make a charitable donation this year and claim a federal tax deduction for your irrevocable contribution but postpone recommendations about which charities should receive grants from the account until some time in the future. If you don't want to be badgered by requests, see my post, "How To Stay Anonymous When You Give To Charity."


10. Review your estate plan. If your winnings have made you suddenly wealthy, this may be the first time that you need to plan for estate tax. The 2012 tax law offers more flexibility than ever before. As of 2016, each person has a $5.45 million limit on tax-free transfers, which can be applied during life, when you die or some combination of the two. So if you want to share some of your largess with family and friends, this is the ideal time to do that. For details, see my posts, “6 Ways To Give Family And Friends Financial Aid" and "Give Your Estate Plan a Checkup."


.
.

[Outsider626]

You can be an idiot with the money and be fine. As long as you make 1 good decision.

Take the payments over years.

If you think about it taking annuity payments over years is not a so smart decision.

1. State might declare bankruptcy

2. War might start

3. Inflation

And there are many more reasons to take a lump sum. A bird in the hand is worth two in the bush

[19th Hole]

Do You Live In These 9 Lucky Countries Where You Pay No Tax On Lottery Winnings?

Countries where you don’t pay any tax on the win at all. These countries pay out a lump sum immediately, tax-free, to all lottery winners:

• Australia
• Canada
• Finland
• Germany
• Ireland
• Italy
• Liechtenstein
• New Zealand
• United Kingdom.

[tommir99]

970 million sounds good

[jjgold]

stay away from this

it is a curse

[convick]

stay away from this

it is a curse

Mo Money, Mo Problems!

[lonnie55]

Mo Money, Mo Problems!

Money isn't the problem, it's the people.

[ByeShea]

If having that much money all at once scares you JJ, just take the annuity so you can ease into it.

Take the annuity JJ! You'll have room for all kinds of mistakes and then you get re-upped with a MASSIVE annual payout. Can't beat it.

[jjgold]

not playing here

good luck

[Optional]

Do You Live In These 9 Lucky Countries Where You Pay No Tax On Lottery Winnings?

Countries where you don’t pay any tax on the win at all. These countries pay out a lump sum immediately, tax-free, to all lottery winners:

• Australia
• Canada
• Finland
• Germany
• Ireland
• Italy
• Liechtenstein
• New Zealand
• United Kingdom.

Charging tax on winnings from state sponsored gambling that came from personal post tax earnings is ethically unjustifiable.

[pavyracer]

Charging tax on winnings from state sponsored gambling that came from personal post tax earnings is ethically unjustifiable.

In the US the tax is used to give scholarships for college to poor students. This is what drives the jackpots to billions.

[Optional]

In the US the tax is used to give scholarships for college to poor students. This is what drives the jackpots to billions.

Not sure how the tax drives the jackpot to billions.

And lotteries have the same fake justification as USA even in those 9 countries. Profit supposed to go to education or special projects. Same as USA, politicians just move the deck chairs around and education gets no more than it would anyway.

It's the double taxing of personal income that's unethical in a English common law based society. Which is why many of those 9 countries are English common law based nations.

[cincinnatikid513]

if i win throwing a bash for all the sbr pros

[slambam]

Charging tax on winnings from state sponsored gambling that came from personal post tax earnings is ethically unjustifiable.

That's just the way it works for everything. If you think about it, every dollar has already been taxed, a lot. Earned income? Pay income tax (both the employee and employer). Buy basically anything? Pay sales tax on it, and the corporation also pays tax on their profits. It's basically a never ending cycle of taxing the same money.

[milwaukee mike]

Charging tax on winnings from state sponsored gambling that came from personal post tax earnings is ethically unjustifiable.

i like the way you think

all taxes are theft, gas tax/sales tax/property tax/income tax/etc etc etc

[Sam Odom]

That's just the way it works for everything. If you think about it, every dollar has already been taxed, a lot.

Every time a dollar legally changes hands it is taxed. Think about that... If a single dollar is transacted just 8x its been taxed more than it is worth

[milwaukee mike]

Every time a dollar legally changes hands it is taxed. Think about that... If a single dollar is transacted just 8x its been taxed more than it is worth

good point, same with every time a used car gets sold (unless it's being traded in)

and even with all these silly taxes... the united states still runs massive deficits... and there were no deficits before the federal income tax, yet we found a way to build all these roads/bridges/etc... now all we do is blow up sand, give stuff to lazy bums, and bankrupt the country

[SBR Tony]

It depends on a state. Only Delaware, Kansas, Maryland, North Dakota, Ohio, South Dakota and Texas allow you to stay anonymous. But obviously there is a way for folks from other States to stay anonymous. If you win just set up a trust and voila. Nobody knows who you are.

Do not sign the back of the ticket and contact a Lawyer

[milwaukee mike]

i don't get the suggestion of setting up a trust, here in Wisconsin i think those are registered so it's public knowledge who the trustee/beneficiaries are

[SBR Tony]

Yeah im pretty sure you can actually,theirs a few sites where you can buyin on the US Lottery.

I've seen this before. But people buying tickets for $2, selling them for $4 or more in States where they don't sell that game.

Guess you can make a good profit, but how would you feel if you sold the Winning ticket ?? I'd be pissed

[Sam Odom]

If Sammy wins the BIG one Saturday he will hire...

milwaukee mike & Elihu Feustel to handle his money

[SBR Tony]

i don't get the suggestion of setting up a trust, here in Wisconsin i think those are registered so it's public knowledge who the trustee/beneficiaries are

a Trust doesn't have to be filed with a Court , thus nobody will know who you are. unless of course the Trust is challenged

[milwaukee mike]

a Trust doesn't have to be filed with a Court , thus nobody will know who you are. unless of course the Trust is challenged

someone could also just get the details with a freedom of information act request to the state

even that "rainbow sherbet trust" winner's name was exposed

[milwaukee mike]

If Sammy wins the BIG one Saturday he will hire...

milwaukee mike & Elihu Feustel to handle his money

sounds good, i would be cheap and honest. ok maybe not cheap since you will be unbelievably rich anyway

[DiggityDaggityDo]

$1 Billion Dollars

[juvunits]

I'm from Canada and going to be heading across the border later tonight. Do you guys know if Canadians can claim the prize? I was thinking of buying a ticket. Also when is the deadline to buy a ticket? I am on the West coast. I'll be crossing over to Washington state.

[SBR Tony]

someone could also just get the details with a freedom of information act request to the state

even that "rainbow sherbet trust" winner's name was exposed

Yes but I believe she waited and should have made it tougher, you can always set up a Trust within a Trust .
first using a Claiming Trust and then a Bridge Trust

[SBR Tony]

I'm from Canada and going to be heading across the border later tonight. Do you guys know if Canadians can claim the prize? I was thinking of buying a ticket. Also when is the deadline to buy a ticket? I am on the West coast. I'll be crossing over to Washington state.

Anyone can claim the prize