Your first hour after winning $365 million.
 

What do you do?

You can answer on the poll, but then you can also propose other activities.

ASSUME THAT YOUR WIN IS 100% CERTAIN. YOU DO NOT HAVE TO WAIT TO CONFIRM ANYTHING. IT'S YOURS, ALL YOURS!

I went with tax strategy and financial plan...can't be too careful. BTw I would buy a home on Cheyenne Mountain, or build one.

Correction suggestion Rain, for Quick surfer - it would be blow lines, not smoke bowls

OK, who else picked the tax strategy option? I actually worried about the downside of winning the Dec. 31 drawing and not having time to properly shelter my winnings. Then I realized that I'm a cash basis taxpayer, so I might not be on the hook for a win after the close of business 2005.

Well done Kevin!

Lose it all to sports betting after the Lakers fail to cover the spread against the ****ing Hawks :banghead:

i would go to Denver and buy Rainman a new bike.

Tax planning investment strategy

Gotta to have tunes.

I'd thank God.

I'd give 20% to the Church....

Then I'd buy Chiefs planet and ban everyone for two months.

I'd go to the bar and buy everyone a drink. That would be fun.

Of gross or net?

When I tithe I always tithe gross. The second 10% is gravy.

After I bought everything I ever wanted and bankrolled enough I'd set up my kids with trust funds and then give away the rest. Who needs that much money?

think out my fake death & escape plan

Agreed. But if I'm going to give it away, I'm going to have fun with it. I'm talking gifts with bizarre conditions attached.

"Yes, I will fund that new building, but you must call it Poopypants Hall and have a marble equestrian statue of me in the entryway."

I wouldn't. It would always be annonymous. There could be some fun involved, but probably only in a way that a few could see and appreciate. That is where the creative part would have to come in.

I would like to be mean to one person. The guy I used to work for. I'd like to buy his company and fire all of the asswipes he has working for him and bring in a new staff and let them run the company. It couldn't get worse than it is now. They are spiraling downward and by many estimates will close the doors by the end of this year. BTW, there are fewer asswipes there than there are friends, that is why I would keep it going.

Lawyer up. INSTANTLY. I wouldn't tell anyone about it until the lawyers had figured out a way to claim the prize money anonymously or I'd relocated somewhere with only a post office box to identify my address, or I was ready to relocate in a hurry, because all manner of fucking vermin descend on lottery winners like wolves on raw meat. Even after that, I'd be very selective regarding who I told or didn't.

A lady I used to work with had a sister who won about $2 million in the Illinois lottery. Foolishly, she let them publish her name and address, wherever such things are published. BAD IDEA. She was hounded relentlessly and even threatened, to the point where she had to move. Apparently there's a sick industry of people who prey on lottery winners. They will threaten family members, beg for cash for that poor crippled orphan who needs $200K to have his brain transplanted, block your driveway until you call the cops, then return after the cops go away and block it again, or knock on your door over and over at all hours, hoping you'll get so mad that you'll eventually hit them (instant lawsuit). These fuckers will do anything to get your cash, and good luck getting sympathy from anyone over it, because you just won the lotto, and therefore YOU SUCK.

So if you win an assload of money, remember, do it QUIETLY.

Unfortunately, most states mandate the disclosure of lottery winners. Now, you might be able to "lawyer up" and create a system of shell entities and trusts through with to claim your prize, but that would increase your overhead. With over $80 million post-tax and the benefits of anonymity, that's not a bad idea.

Could you go over that again, a little slower please. Now what do I do first after I locate the lottery winner? Block the driveway?

Probably the best advice that you could get!!! I would make all of my donations under the name Abby Normul.

You should watch out for the landmines.

This poll sucks.

Anyway, I'd hire the classiest, best looking, most well-endowed WHORE immediately.

That's what I'd do. Frazod, LLC, owned by Frazod, LP, owned by Frazod I LLC, owned by Frazod I LP, owned by the Frazod Irrevocable Trust, and so on and so on. My firm's expert in rich asshole layering.

By the time those weasels dug through the paperwork, as Hans would say, I'll be sitting on a beach, earning 20%. :D

Would that be the Sunny Beach?

Book my year long trip around the world. Another way of avoiding the idiots who are after my money.

Donations my ass. A single winner of this $360+ million lottery will end up seing less than half of that amount. In other words, they'll be paying half of that amount in taxes.

If I just got done paying $180 million in taxes, anybody wanting money from me will be told to get it from the government's half. Bastards. :grr:

A good rule of thumb is divide by four. Present value is about half of the "annuity value" they post, minus half for taxes. For tomorrow's drawing, it's only eighty million take-home.

Can you possibly imagine the drive to the lotto headquarters to claim your prize????

That would be the most nerve-racking drive of your life.

5 miles under the speed limit....Call for a (paid) police escort?????

Could you fax your insurance agent a copy of the winning ticket and take out a 12 hour policy in case you or the ticket (or both) dont make it to the headquarters?????

How the hell am I supposed to get by on ONLY $80 million? :p

SORRY!

http://www.molottery.com/aboutourgam...injackpot.shtm

#6 Do you want to hold a news conference?

At the Lottery office, a member of the Lottery's communications staff will ask you questions about your win, such as how many tickets you bought, when you found out that you won and what you plan to do with your prize money. This information will be used for a news release.

You will also be asked, but are not required, to participate in a news conference, most likely at the store where you purchased your winning ticket. News conferences can also be held at a Lottery office. This provides the media with a single photo opportunity and a chance for them to ask you a few questions without having each of them contact you at home or at work.

A. You want to do a news conference.
News conferences normally only last about 15 minutes, and are held within a couple of days after your ticket validates. Your ticket is not considered validated until it passes confidential validation requirements at the Lottery's office in Jefferson City, normally the day after you place your claim. Keep in mind that your news conference should be a lot of fun, like weddings and other ceremonies.

B. You don't want to do a news conference.
It's your decision whether or not to participate in a news conference. However, your name and hometown are considered public information, and they will be released to the media. Not only is this information public by law, publishing it is necessary to ensure the integrity of the Lottery's games. If players were never provided with actual names, they may not believe the games are real or fair. If you choose not to do a news conference, the media may still attempt to contact you at home or your place of employment.

"Man bubba, who farted?"

"I don't know, roll that thar winda down!"

"HEY! THE TICKET! THERE WENT THAR TICKET!"

That sucks, but I do see their point.

So basically, I'd simply be ready to instantly relocate.

Why, that's not even "buy the worst MLB franchise" kind of money. I bet the Royals would sell for at least $90 million.

Isn't that right next to Brokeback Mountain?

:shake:

I still think you could create a system of shell entities whereby Frazod, LLC would hold and claim the winning ticket. Frazod, LLC's employee would claim the ticket on behalf of the company, whose sole member is the Frazod Revocable Trust, which exists for the sole benefit of Frazod Partners.... All you'd have to give is the address of Frazod, LLC.

I just had an idea. (no jokes, damnit)

Before you claim your winning Powerball ticket (you have 365 days) have your name changed. Something totally off the wall like, Clarence Cleophus Stubblepopper.

Claim said prize. Change name back to original name.

Change my name to John Smith. Move temporarily to New York. That ought to take care of it. :D

You're welcome. That advice will only cost you a meager 10% of your net winnings. Small, unmarked bills, please and thank you.

I'd obviously have you whacked for far less than that..... :bang:

IM RICH BIOTCH

rep
and her sister

maybe a cousin


set up my own porn company starting ...
me

I'd buy 60 beers, 60 joints, 60 lines of coke, 60 grams of shrooms, 60 pellets of mescaline, and 60 hookers and see if I lived to hour number 2...

You could have so much fun with donations. "I would be delighted to fund the symphony this year. The first show just has to be all nude."

Two chicks at the same time.

If I ever became filthy, ridiculously rich I would definitely try to buy the Royals.

Good answer.

I've always wanted to do that.

2 girls at the same time!

I would've included that as an option, but in the first hour I think the only available chicks would be meth whores. It would be better to wait a week and get supermodels.

Of course, being married, it probably wouldn't be worth paying $182.5 million for an evening with either meth whores or supermodels.

Hire Chip Foose.

yep ... plan first, buy later.


better to wait on any major purchases until the giddy wears off.

I don't believe that is correct. The guy in the Carolinas that won the 315 mil PB took home 111 million.

Based on that, it would seem like you would take home around 140 mil.

To spiff up the van?

The first thing I would do is ask my mother where she would like to live and then go house shopping with her.

Then I would move out of the US as quickly as I could. I would probably have a place somewhere in Costa Rica.

Then I would spend the rest of my life travelling.

yup, that or a 64 or 65 Impala Wagon.

dude is mega talented.

I checked out his web page and you're right.

Per the Powerball web site, the current cash value is $177.3 million. Your federal taxes on that (married filing jointly) would be about $62 million. Depending on your state, you're going to have another $3 mil or so in state tax on top of that. So it's only $112 million, or 30% of the posted jackpot value. Divide by three, divide by four, it's all about the same. ;)

I didn't ready any of these posts. But how much do you get at once?

1.I'd buy myself a new ride and p.i.m.p it out.
2. I'd buy my dad a new house, vehicle and pay off all his bills and give him a substantial amount of money
3. I'd do the same for my mother.
4. I'd do the same for my brother.
5. I'd pay for my sisters college and get her anything she wants.
6. Season tickets to KC and tickets to all the KU football/basketball games.
7. Invest, invest, invest.

Ross Perot - "The lottery is a tax on stupid people".

Just watch Overhaulin' on History Channel. That is how I got to know who Chip Foose was.

Ill do 2 chicks at the same time for 72 hours straight

Not that it matters, but I don't think it's the History Channel. Discovery, maybe?

TLC :banghead:

I just know it comes on on Tuesday nights and I watch it on my DVR. :D

hire a lawyer, and call whoever it is you need to call to buy an island in the tropics, and a big boat. open a resort on the island, and live happily ever after.

I'm going to add a few things I wouldn't mind doing with that money. Since I'm poor and can't do these things right now.

1. View the Titanic
2. Washington D.C.
3. The Normandy Beaches
4. Aushwitz
5. Iwo Jima
6. Pearl Harbor
7. View the area where the Battle of Bulge took place

2.

I don't need 180 million to be happy. I don't even need 10 million to be happy. I'd feel better giving it away.

I hope Phobia wins it so he can hire you.

Outstanding Chiefs Express. If you win, I'll be happy to help you out. Just PM me and I'll give you an address where you can send the check.

Phobia will never have enough money to hire me. I hear he can get you for 10 bucks an hour though.

The money would go to people that needed it, and not enough to ruin their lives, but enough to get them moving in the right direction.

I'm not sure why we discuss stuff like this, first off the odds are against us all, second if any of us won it nobody would ever hear about it.

As stated before, it would be picked up by lawyers representating a foundation or cooperation that would be formed for just that reason.

So bwana don't get nothin!

Just a note on Powerball, anonymity and taxes.

The only state that participates in the Powerball that currently allows anonymous claims is Delaware, so unless you purchased your ticket there, at least your name will be a matter of public record.

The cash value tonight, if taken as a lump sum is $177.3 million. In Missouri, taxes will be withheld: 25% federal, 4% state. ($51,417,000.00)

This leaves you with $125,883,000.00.......BUT

Assuming you end up in the highest tax bracket known to man (which is HIGHLY likely) your overall federal tax burden will be $94,727.50 on your first $326,450.00 and $35% for everything over that. Missouri income tax will come in at 6%.

This means your total tax burden will end up being $72,673,470 or over $21 Million MORE than they withhold!!

Now if you set that amount aside you walk with $104,626,530.00, or about 29% of the posted amount.

Have fun with your $!!


Oh, and starting a thread here would be just a riot...after creating a new username and account from an unknown ip of course. :)

Well you nasty prick you. :shake: I am so not feeling the love right now. :cuss:

"Dunit35, you just won the Powerball. What are you doing next?"

"I'm going to Auschwitz!"

Almost enough to lure me into buying a ticket.

Almost.

Not quite a large enough sum to overwhelm the sense of reality that I'd never win.

Do you actually believe he would want your cancerous ass around his company?

HAHAHA... "What about Disney Land?"

ME: "Screw Disney Land, Jerome Bettis is there."

I can only blow what I have.

I'll take those payments over 20 years, thank you.

And Der Chiefsplanet has a nice ring to it...

Actually I'm not nasty, but you are right, I dont' love you. That part of my life has already been addressed by an Itchaguese.

You don't know squat boy. Just go away.

No, you ARE a cancer. And I've made more moneyin my time than you'll ever see. I don't work for the other guy. I AM the other guy. You are a grunt.

Sorry to hear that, but I hear the boys ar BYU may have a cure to help you out.

Good Luck

Alot of bragging for a pauper there Mike.