shootingstar Posted October 20, 2018 Share #1 Posted October 20, 2018 So I kicked in a tiny amount of money for a group work lottery..of 6 people or something like that. I'm not even sure what the jackpot amount is.... several hundred million $$$$. I'm that clueless. A co-worker picked the numbers for us. We were joking that winning so much money, one wouldn't even know what to do with it properly. That's how little I believe in my/our luck. Yea, just a few wks. ago...I won a work raffle...um 2 glasses with corporate logo. Whoopee. On the Internet news, there have been a decent amount of group lottery winners,...often for a group of workers who pooled in a few bucks. Link to comment Share on other sites More sharing options...
shootingstar Posted October 20, 2018 Author Share #2 Posted October 20, 2018 And if I won, I would hide in another city. Seriously. Link to comment Share on other sites More sharing options...
Ralphie ★ Posted October 20, 2018 Share #3 Posted October 20, 2018 People should pool their money and enter en masse for the lower amounts where you have a much higher, although still negligible chance of winning. See my sig line. 1 Link to comment Share on other sites More sharing options...
ChrisL Posted October 20, 2018 Share #4 Posted October 20, 2018 All over the news now. 1.6 Billion... Yes Billion with a B... Yeah what do you do with that kind of money? It'd be a nice problem to have tho.... Link to comment Share on other sites More sharing options...
shootingstar Posted October 20, 2018 Author Share #5 Posted October 20, 2018 22 minutes ago, ChrisL said: All over the news now. 1.6 Billion... Yes Billion with a B... Yeah what do you do with that kind of money? It'd be a nice problem to have tho.... As a Canadian in CAnada, I probably can't play that game. Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted October 20, 2018 Share #6 Posted October 20, 2018 13 minutes ago, ChrisL said: All over the news now. 1.6 Billion... Yes Billion with a B... Yeah what do you do with that kind of money? It'd be a nice problem to have tho.... If one person won the $1 billion and took the lump sum, they would only get about $380 million after federal and state taxes (depending on their state). Then they would have to pay excise, sales, and gas guzzler taxes (assuming buying a Rolls or something similar) on what they buy. That brings the winnings down to a paltry $300 plus or minus a few million. Now that it's up to $1.6B, you'd only win about $500 million. Small change. I bet Bill Gates gardener has that much. 1 Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted October 20, 2018 Share #7 Posted October 20, 2018 3 minutes ago, shootingstar said: As a Canadian in CAnada, I probably can't play that game. You don't have to be a US citizen to play or win. You just need to jump across the border to a US state that has the Powerball game. If you did win, wouldn't that be something like 2 billion Loonies? that would be heavy. 1 Link to comment Share on other sites More sharing options...
shootingstar Posted October 20, 2018 Author Share #8 Posted October 20, 2018 19 minutes ago, JerrySTL said: If one person won the $1 billion and took the lump sum, they would only get about $380 million after federal and state taxes (depending on their state). Then they would have to pay excise, sales, and gas guzzler taxes (assuming buying a Rolls or something similar) on what they buy. That brings the winnings down to a paltry $300 plus or minus a few million. Now that it's up to $1.6B, you'd only win about $500 million. Small change. I bet Bill Gates gardener has that much. Dearie just told me now, that Canadians winning a Canadian lottery, don't have pay any Canadian tax on the winning amount. I guess I better do something about all this. https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/amounts-that-taxed.html However Revenue Canada warns heavily: Note: Income earned on any of the above amounts (such as interest you earn when you invest lottery winnings) is taxable. (Well duh, are people that stupid?) I knew I had the right citizenship and place of residence. ? This confirms it. Link to comment Share on other sites More sharing options...
petitepedal ★ Posted October 20, 2018 Share #9 Posted October 20, 2018 I am in on a mega millions lotto group...Hmmm...retirement...here I come Link to comment Share on other sites More sharing options...
JerrySTL ★ Posted October 20, 2018 Share #10 Posted October 20, 2018 1 minute ago, petitepedal said: I am in on a mega millions lotto group...Hmmm...retirement...here I come We had around 50 people at work each put in $5 for yesterday's draw. I know that management was a little worried if we won....... 1 2 Link to comment Share on other sites More sharing options...
petitepedal ★ Posted October 20, 2018 Share #11 Posted October 20, 2018 LOL I told one of the board members we had a pool...He said go for it...with a big grin..but the too old to do her job marketing person said she would still work (thats our problem..she is too old to do her job well) Link to comment Share on other sites More sharing options...
Ralphie ★ Posted October 20, 2018 Share #12 Posted October 20, 2018 Just now, JerrySTL said: We had around 50 people at work each put in $5 for yesterday's draw. I know that management was a little worried if we won....... They shouldn't loose too much sleep. We have the same fantasy at my workplace. What a deal for the lottery people and gubment! 1 Link to comment Share on other sites More sharing options...
late Posted October 20, 2018 Share #13 Posted October 20, 2018 27 minutes ago, JerrySTL said: If one person won the $1 billion and took the lump sum, they would only get about $380 million after federal and state taxes (depending on their state). Then they would have to pay excise, sales, and gas guzzler taxes (assuming buying a Rolls or something similar) on what they buy. That brings the winnings down to a paltry $300 plus or minus a few million. Now that it's up to $1.6B, you'd only win about $500 million. Small change. I bet Bill Gates gardener has that much. Only a half a billion dollars? I'd try to struggle by, but I'd have to economise, only a 100 million for the home. I'd try to keep a stiff upper lip... 1 Link to comment Share on other sites More sharing options...
maddmaxx ★ Posted October 20, 2018 Share #14 Posted October 20, 2018 Womaxx said she'd take care of the relatives. I stared at her for a while. Link to comment Share on other sites More sharing options...
Mr. Silly Posted October 20, 2018 Share #15 Posted October 20, 2018 I matched exactly zero numbers on last night's drawing. What do I win? 1 Link to comment Share on other sites More sharing options...
shootingstar Posted October 20, 2018 Author Share #16 Posted October 20, 2018 38 minutes ago, maddmaxx said: Womaxx said she'd take care of the relatives. I stared at her for a while. She needs to understand her/yours immediate finances--long term. Some people are like that....maybe temporary loss of memory. Link to comment Share on other sites More sharing options...
MickinMD ★ Posted October 20, 2018 Share #17 Posted October 20, 2018 The MegaMillions Tuesday drawing is around $1.6 billion. I'm going to get tickets though I've refrained from doing so in recent months. I only get tickets when there's a huge amount, a few times a year on avg., and when I think of the $30 (3 x $10) I throw away each year, $300 per decade, I wonder if I'm getting enough of a thrill checking the numbers. But, I remember a very wise local-TV financial advisor who pointed out that missing something like $10 was NOT going to change his lifestyle, but winning the lottery would: so he bought tickets. Still, I wish they still had the small, $1-$3 million state lottery where your odds were much better than the 300 million:1 on the Megamillions. I'd be happy with $1M and don't think more would greatly add to my happiness - I already have more guaranteed retirement income than the avg. American worker, spend less than I earn, and am mostly stress-free. With the $300M or $400M I'd clear with the lump sum + taxes on a $1.6 billion win, I'd have far more than enough to increase my happiness. I'd work it out so that the taxes applied before giving $1M each to 100 friends, relatives, and charities and a little more to close ones. 1 Link to comment Share on other sites More sharing options...
late Posted October 20, 2018 Share #18 Posted October 20, 2018 Somebody won. Wasn't me, of course. Now that's a lifestyle I would have liked to become accustomed to. Link to comment Share on other sites More sharing options...
ChrisL Posted October 20, 2018 Share #19 Posted October 20, 2018 5 hours ago, JerrySTL said: If one person won the $1 billion and took the lump sum, they would only get about $380 million after federal and state taxes (depending on their state). Then they would have to pay excise, sales, and gas guzzler taxes (assuming buying a Rolls or something similar) on what they buy. That brings the winnings down to a paltry $300 plus or minus a few million. Now that it's up to $1.6B, you'd only win about $500 million. Small change. I bet Bill Gates gardener has that much. I'd be fine with "only" $500 million. I might have to temper my spending habits a bit tho... ? Link to comment Share on other sites More sharing options...
BuffJim Posted October 22, 2018 Share #20 Posted October 22, 2018 Lost on Saturday. Trying again Tuesday. Link to comment Share on other sites More sharing options...
Mr. Silly Posted October 23, 2018 Share #21 Posted October 23, 2018 I got my numbers for two night. The 1st set: 01 02 03 04 05 [06] The 2nd set: 07 08 09 10 11 [12] 1 Link to comment Share on other sites More sharing options...
12string Posted October 23, 2018 Share #22 Posted October 23, 2018 I'm gonna play those numbers just so you are assured of winning no more than $800 million Link to comment Share on other sites More sharing options...
Prophet Zacharia Posted October 23, 2018 Share #23 Posted October 23, 2018 I bought my tickets. I quit today too, just to save myself of having to do it tomorrow after I won. Seems reasonable. 2 Link to comment Share on other sites More sharing options...
Mr. Silly Posted October 23, 2018 Share #24 Posted October 23, 2018 1 hour ago, 12string said: I'm gonna play those numbers just so you are assured of winning no more than $800 million Good! I want to become a "Don't let this happen to you" story. I want to be a case study of how to fuck up a huge lottery jack pot. Chapter 1 will be sharing my numbers on the cycling chat cite were someone else picked the same numbers cutting my winnings in half. Not that it would matter anyway. If I can piss away $800,000, I can easily piss away $1.6 billion. We can be the Goofus and Gallant of lottery winnings. I'll be Goofus. Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted October 23, 2018 Share #25 Posted October 23, 2018 I never donate more money to the state than need be. And yet I told my wife to go buy some tickets because I'm feeling lucky. Mr. Lucky is thinking I'm going to hit on a consolation prize... and that'd be more than enough for me. Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted October 23, 2018 Share #26 Posted October 23, 2018 ? Link to comment Share on other sites More sharing options...
12string Posted October 23, 2018 Share #27 Posted October 23, 2018 I'm not doing it for me, I'm only thinking of your well being. Last thing I would want is for you to have your life messed up like like that, and if I have to take on 800 million of your problems to save you, that's a small sacrifice to save you. See, I can be Gallant! Link to comment Share on other sites More sharing options...
jsharr ★ Posted October 23, 2018 Share #28 Posted October 23, 2018 36 minutes ago, Mr. Silly said: Good! I want to become a "Don't let this happen to you" story. I want to be a case study of how to fuck up a huge lottery jack pot. Chapter 1 will be sharing my numbers on the cycling chat cite were someone else picked the same numbers cutting my winnings in half. Not that it would matter anyway. If I can piss away $800,000, I can easily piss away $1.6 billion. We can be the Goofus and Gallant of lottery winnings. I'll be Goofus. 6 minutes ago, 12string said: I'm not doing it for me, I'm only thinking of your well being. Last thing I would want is for you to have your life messed up like like that, and if I have to take on 800 million of your problems to save you, that's a small sacrifice to save you. See, I can be Gallant! Fine, Silly is Goofus, strings is Gallant and I am Kevin! Link to comment Share on other sites More sharing options...
KrAzY Posted October 23, 2018 Share #29 Posted October 23, 2018 @shootingstar and other that buy work lottery tickets. How is it split up between the folks who put in? If someone pays more into it then another person does that person get more then a person who payed less?? Also do you have it in writing that you payed into the pot and what your cut will be?? Also if I happen to win, I'm buying the SW forum and making this place super fun again... SW's dry humor cuz made this place uncomfortably weird. Link to comment Share on other sites More sharing options...
KrAzY Posted October 23, 2018 Share #30 Posted October 23, 2018 14 minutes ago, jsharr said: Fine, Silly is Goofus, strings is Gallant and I am Kevin! If you take a nest of fireants from their location and dump them onto another fireant hill they will fight til one ant is left standing. Link to comment Share on other sites More sharing options...
jsharr ★ Posted October 23, 2018 Share #31 Posted October 23, 2018 Just now, KrAzY said: If you take a nest of fireants from their location and dump them onto another fireant hill they will fight til one ant is left standing. Thanks Kevin 1 Link to comment Share on other sites More sharing options...
12string Posted October 23, 2018 Share #32 Posted October 23, 2018 28 minutes ago, KrAzY said: If you take a nest of fireants from their location and dump them onto another fireant hill they will fight til one ant is left standing. I can't wait to go home and try this! 1 Link to comment Share on other sites More sharing options...
Mr. Silly Posted October 24, 2018 Share #33 Posted October 24, 2018 15 hours ago, 12string said: I'm not doing it for me, I'm only thinking of your well being. Last thing I would want is for you to have your life messed up like like that, and if I have to take on 800 million of your problems to save you, that's a small sacrifice to save you. See, I can be Gallant! I didn't win last night. I'll need that $800 million you promised me. It would be unfortunate if Kevin buried you up to your neck and and had a fire ant battle royale on your face. Don't you think? Link to comment Share on other sites More sharing options...
12string Posted October 24, 2018 Share #34 Posted October 24, 2018 6 hours ago, Mr. Silly said: I didn't win last night. I'll need that $800 million you promised me. It would be unfortunate if Kevin buried you up to your neck and and had a fire ant battle royale on your face. Don't you think? I'm not worried, there's only one fire ant left now 1 Link to comment Share on other sites More sharing options...
Dottleshead ★ Posted October 25, 2018 Share #35 Posted October 25, 2018 We didn't win. Link to comment Share on other sites More sharing options...
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