Who Purchased a Powerball ticket and what would you do with $500,000.000.00?

[Byng]

No, you're better off taking it all at once at today's tax rates. Taxes aren't going to go down, so take the hit now. Then diversify the money in every different way possible. Put some in stocks, some in treasury bonds, some in municipal bonds, some in offshore banks, some in an fixed annuity that will pay you back over time, any way you can. It's unlikely it all will collapse at once, and if it does, your money won't be worth anything anyway. And if you are the winner of record and you die, I'm not sure the lottery is on the hook to pay off the rest. Take it all up front and manage it yourself. You can't possibly do worse than the government has managing their money.

Your lottery win if you are foolish enough to take it in installments over 30 years does automatically pass to your heirs! Damn they want me dead now how long would I last with that amount hanging around my neck?

[Byng]

Such a modest middle-class income does, indeed, help.

He purchased 2 adjoining oceanfront homes from me totalling a little over $11m and paid for them with just 10 days of personal income!

[dsummoner]

He purchased 2 adjoining oceanfront homes from me totalling a little over $11m and paid for them with just 10 days of personal income!

And paid more in taxes and funded more services and programs than the 'percent of income' mouthbreathers pay for their 'services' in a decade.

That must have been one nice commission check.

Of course... you didn't sell those houses... Elizabeth Warren built the primordial Earth, the land and the houses and sold them.

[Byng]

And paid more in taxes and funded more services and programs than the 'percent of income' mouthbreathers pay for their 'services' in a decade.

That must have been one nice commission check.

Of course... you didn't sell those houses... Elizabeth Warren built the primordial Earth, the land and the houses and sold them.

The rest of the year was gravy!

But the peace of mind that comes with that sort of wealth is something to behold. I doubt his blood pressure ever registers more than 100/70.

I was driving home tonight listening to a news channel that was nothing but the Lottery, and asking people what they would do with that sort of wealth. And every person interviewed was rattling off all of the toys and trips they would buy but all I could picture for my self was the peace of mind and serenity that this one client has. That would do for me.

[dialtone]

For me it would buy peace of mind in that I would never have to budget or worry about a bill again!

A wonderful thought.

[Byng]

A wonderful thought.

It would certainly make one sleep a lot better!

[songfourone]

It would certainly make one sleep a lot better!

Being wealthy only solves the problem of money, the wealthy have accidents, get sick, have stupid children.

[Byng]

Being wealthy only solves the problem of money, the wealthy have accidents, get sick, have stupid children.

So do us poor, believe me. But I would rather handle the same problems wealthy.

[songfourone]

So do us poor, believe me. But I would rather handle the same problems wealthy.

Sometimes all they have is a better view.

[Byng]

Sometimes all they have is a better view.

You are absolutely right. I was discussing with my client the drug problem one of my sons had at one time and blaming the availability of drugs in the public school system. And he said to me that it is worse in the best private schools because kids like his son could actually afford them which often made it a whole lot worse!

[cprenegade]

Your lottery win if you are foolish enough to take it in installments over 30 years does automatically pass to your heirs! Damn they want me dead now how long would I last with that amount hanging around my neck?

After doing some research on it, I think you may be right. But one thing that I ran across is that the government will tax your estate on the total remaining amount of your winnings, even though it has not yet been paid. So, if that is correct, your heirs will owe a boat load of money from something they have not yet collected. According to what I have read, people who have elected long term payments have been forced to take out very high insurance policies to cover themselves in the event that they die and leave their heirs with a huge estate payment before they ever receive the money. That sounds crazy to me, but I don't doubt it with our government and tax code.

[Byng]

After doing some research on it, I think you may be right. But one thing that I ran across is that the government will tax your estate on the total remaining amount of your winnings, even though it has not yet been paid. So, if that is correct, your heirs will owe a boat load of money from something they have not yet collected. According to what I have read, people who have elected long term payments have been forced to take out very high insurance policies to cover themselves in the event that they die and leave their heirs with a huge estate payment before they ever receive the money. That sounds crazy to me, but I don't doubt it with our government and tax code.

The other anomaly is that each state has their own tax laws for how Lottery winning are taxed at the State level. Some take nothing at all, I think my State of Delaware is one, while other States take the tax just like normal income plus everything in between! But with that amount of money I think I could work something out.

[Byng]

05 23 16 22 29, Powerball: 06 (I think I will hold off and check my tickets in the morning!)

[BlandFood]

The last American that did something like that ended up buying and shipping the wrong London Bridge!

You realize I have William Wallace's head on Ebay?

[Byng]

You realize I have William Wallace's head on Ebay?

After being hanged, disemboweled, beheaded and quartered there might be quite a few that ended up with a body part or two.

[Byng]

The other anomaly is that each state has their own tax laws for how Lottery winning are taxed at the State level. Some take nothing at all, I think my State of Delaware is one, while other States take the tax just like normal income plus everything in between! But with that amount of money I think I could work something out.

I would think that this was definitely won tonight because all numbers are in the calendar range of birthdays etc. for those that hand pick their numbers based on calender dates under 31.

[SalisburySage]

I ran out of things to do with the money after the 1st 50 millon. I guess the rest would go to charitable projects.

[cprenegade]

The other anomaly is that each state has their own tax laws for how Lottery winning are taxed at the State level. Some take nothing at all, I think my State of Delaware is one, while other States take the tax just like normal income plus everything in between! But with that amount of money I think I could work something out.

A nice incentive to play the lottery would be if government would allow the winners to take their money tax free. Since government sponsers the lottery and takes all of the profits from it, that would only seem a fair trade off. But government is greedy and wants as much as it can get from everyone, as it always does.

[ODENTON]

I'd buy Blandfood a new set of dentures and a years worth of seasoning. And buy SalisburyS a new commanders uniform with a medal on it. And donate to the Baltimore Sun to get some new moderators.

Other than that live life and see the world.

[ivanbalt]

And donate to the Baltimore Sun to get some new moderators.

You also may want to buy a lifetime supply of tissues.