• Wife wins $1 million trying to show husband lottery tickets are waste of money
    42 replies, posted
She might prove her point by buying another 41500 scratchcards.
[QUOTE=J!NX;51266584]to be fair, most are so yeah like I see people in my own town who are addicted to these stupid ass NY lotto tickets, but they end up spending more than they ever gain like they get amazed that they win 10$ but they ONLY SPENT like 500$ on them over years I mean sure, you could win a mill, and that's cool and all, but if you're addicted to these things are you really that good with your money to boot?[/QUOTE] In VA I know a couple of bummy guys that hang outside of a 7-11 (literally every day) and spend the entire day playing scratch cards. I assume they've won in the past or are on benefits because every time I'm in there and they're buying tickets, they pull out wads of $20s and $50 bills.
[QUOTE=zombini;51266888]You also lose because most states require your name to be publicized as the winner. Which makes you a target for scammers, long lost "family" members, every charity that exists, robbers, and even your own family. Winning the lottery really fucks up most people's lives. Sadly I live in one of the states that requires you to publicly claim the prize, so even if I were given a ticket for a $250M powerball win, I wouldn't claim it because it would fuck my life over really badly. I'd blow it all on bodyguards and security, and be a shriveled, paranoid recluse in the vein of Howard Hughes in 5 years. [editline]yeh[/editline]Hit the wrong reply button, but my point still stands. Don't win the lottery if you value your sanity/life.[/QUOTE] You're insane not to claim the lotto just because you're worried about other people's greed. If you haven't fallen for scams yet, what makes you think being rich will suddenly make you stupid enough to fall for them after? It's not hard to stay hidden, either. If you win the lotto, before you claim it drastically change your appearance, it's surprisingly easy. Grow a moustache, and cut your hair in a way that it looks like you have male pattern baldness. There was some guy on the internet I saw who did that for his driver's license photo and he went from a 20-something kid to a 40-something sad adult with just those two changes. After you win legally change your last name, and return to your original appearance. [editline]27th October 2016[/editline] [QUOTE=markfu;51266889]Yeah, she was 57 (not that old, but still), so I can sort of understand going for the lump sum depending on how long it'd take to get the full payout. I'm just surprised its 60%, I thought it was 30%, maybe it depends on if its a state lottery.[/QUOTE] Usually lump sum payment is 20% less than the full jackpot, then you lose the maximum amount in tax (40%)
[QUOTE=Depe;51266586]Test of patience. Usually when you win a large sum of money through the lottery I believe they either offer it to you instantly in one lump sum, OR offer it to you in payments over time (where you'd get a lot more money back than option A)[/QUOTE] I'd totally take payment over time. Way easier to keep discreet than one gigantic sum of money.
[QUOTE=Géza!;51269366]I'd totally take payment over time. Way easier to keep discreet than one gigantic sum of money.[/QUOTE] Don't do that. It's a private organization. Always take lump sum. Depending on the state they take more or less of it, but it's basically like 60%. If I'm not mistaken that includes the income tax. (Which you get bumped up a few brackets and get taxed since they count as earnings) Or the best advice, just don't play. I work at a store where people have bought an entire $20 roll of tickets ($600) on multiple occasions and they might win $200 of it back. I've sold maybe 10 $500-1000 tickets out of the tens of thousands I've sold to people. Same with on-line lottery like Powerball. I have a regular who buys about $80 of lottery a day and some do $400 on the odd big jackpot lotteries when there are rollovers. None of them ever win enough to warrant the money they spend.
[QUOTE=TreasoN.avi;51269460]Don't do that. It's a private organization. Always take lump sum. Depending on the state they take more or less of it, but it's basically like 60%. If I'm not mistaken that includes the income tax. (Which you get bumped up a few brackets and get taxed since they count as earnings) Or the best advice, just don't play. I work at a store where people have bought an entire $20 roll of tickets ($600) on multiple occasions and they might win $200 of it back. I've sold maybe 10 $500-1000 tickets out of the tens of thousands I've sold to people. Same with on-line lottery like Powerball. I have a regular who buys about $80 of lottery a day and some do $400 on the odd big jackpot lotteries when there are rollovers. None of them ever win enough to warrant the money they spend.[/QUOTE] It's fine to play the lotto just don't go full retard like the people you're talking about there. There's literally no harm in playing once a week. $8 a month for a chance, however slim, to win several hundred million? If you played like that for 80 years, your entire life, and never won, you'd still have only lost $7600.
Huh, weird rules in the US then. In the UK (and most of the EU I'm guessing) the government can't touch your winnings, just any interest you make off of them (or if you try to gift money to others).
does a statement or condition such as that decrease the odds in real life somehow? ex. an unintentional win
[URL="https://www.ar15.com/archive/topic.html?b=1&f=5&t=749519"]A very informative post on why winning the lottery is very dangerous[/URL]. Yeah, I would never buy lottery tickets. Not only is it gambling and risking money on something that odds are you will ose big time, even if you win it'll fuck up your life.
[QUOTE=SleepyAl;51271455][URL="https://www.ar15.com/archive/topic.html?b=1&f=5&t=749519"]A very informative post on why winning the lottery is very dangerous[/URL]. Yeah, I would never buy lottery tickets. Not only is it gambling and risking money on something that odds are you will ose big time, even if you win it'll fuck up your life.[/QUOTE] Hey man, if you ever randomly come across a huge amount of money I'll take it for you. I don't mind doing it as long as it helps other people
[QUOTE=zombini;51266888]You also lose because most states require your name to be publicized as the winner. Which makes you a target for scammers, long lost "family" members, every charity that exists, robbers, and even your own family. Winning the lottery really fucks up most people's lives. Sadly I live in one of the states that requires you to publicly claim the prize, so even if I were given a ticket for a $250M powerball win, I wouldn't claim it because it would fuck my life over really badly. I'd blow it all on bodyguards and security, and be a shriveled, paranoid recluse in the vein of Howard Hughes in 5 years. [editline]yeh[/editline]Hit the wrong reply button, but my point still stands. Don't win the lottery if you value your sanity/life.[/QUOTE] If you have that kind of money, you can legally disappear. Change your name, and hire a competent attorney, or several, to manage the process, and seal the records of the event citing fear for your safety. Move far away, and hide everything in trusts. Never speak to anyone about it. The sort of people that are going to come clamoring for money aren't going to have the proper tools to find you if you manage things correctly. It's expensive, but if you just came into tens of millions, let alone hundreds, it's a proverbial drop in the bucket.
[QUOTE=Ganerumo;51268210]In France the tax is already paid and taken care of by the system and the sum you get is the sum advertised initially. They also offer you a bunch of classes on how to spend money and usually offer regular council to make sure you don't end up wasting everything away and become poorer than you were before you won.[/QUOTE] they have this in the U.S. too, but most people just assume they know better than mr. gubmint on how to handle their money and instead nickel-and-dime themselves into bankruptcy if only winning the lottery came with mandatory financial classes on sudden wealth instead of optional ones
The lump sum has a higher value over a longer period of time than the installments. Think of it as $100 dollars is worth $100 in the year you receive the payment. But installments of $25 dollars over 4 years may mean that $25 dollars in the next year may value at $20, and the next at $15, and so on.
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