Mega Millions Makes History with $540 Million World Record Jackpot

reply to post by kdog1982


That's the sentiment.

We will also be starting a charity. After getting out of debt, and being comfortable, helping others is the primary focus. That's just too much money for any person/family. Share the wealth, in small ways. Help the most you can, in the most creative ways possible.

reply to post by imawlinn


Best of luck to ya...hope fully a corp does not invest a million and win the prize.

Thanks for the good luck wishes! ^^^ I usually play the auto pick. If you look at the stats, a large majority of the winners were auto picked.

reply to post by Druid42


You know,I was wondering what the limit is on gifting money,is it like $ 10,000 before the IRS comes after you or something?
That is to friends and family .

reply to post by MoosKept240


I always pick auto. The spread, yah, sometimes sucks.

But that's life. You don't know what the numbers will be. That builds the energy of compassion in most, to know that they will be in a position to help others.

The people that play, no, we are not greedy. We are hardly selfish. We are just hard working Americans from all walks of life with hope that bounds the spirit of what we believe in. Equality, hope, and justice are a few defining terms. Fair, honest, and scorned are other terms I'd use to define us.

reply to post by Destinyone


OMG, THAT is better than winning any lotto. Amazing pic. Few could understand THAT blessing. Wow.

Thank you!

reply to post by type0civ


In that case, remember the OP!

(As stated before, I'll accept anonymous donations to my paypal account.)

Seriously, if you win, would you feel imbued to help others?

This is suspicious to me. Only 6 numbers? ...They must go from 1-150 if nobody can win by 540 million.
Good luck anyways, you all down south there.
I just hope they don't gouge you for +/-, 90% in tax

reply to post by kdog1982


Well, that's tricky. You can give money to family, true, but you can't claim it as a charitable deduction on your taxes the next year, unless they are registered as a 301(c) non-profit. Since that is not likely, you can give them all the money you want, but THEY will have to report it as income on the next tax return, in which they are are responsible for taxes at about a 35% rate.

Honestly, since you would have paid taxes on your winnings, they should be exempt. You will pay taxes on your winnings, and if you give some to a family member, they will be taxed again.

Hmmm.

Originally posted by Druid42
reply to post by Destinyone

 

OMG, THAT is better than winning any lotto. Amazing pic. Few could understand THAT blessing. Wow.

Thank you!

LOL...that's a sure win in the goat shed. If the Universe wants to toss money at me...I'll channel it in the right directions....

Des

reply to post by Druid42


The government is going to get there share over and over again and waste it when I could put it to good use.

Guess thats why the first thing you do is hire a good financial adviser.

And then I will hire a nanny ,a teacher for the kids.
Then hire a boat captain and crew for the yacht that will be purchased.
Not to mention hire the contractors to finish up all the projects I got going on in the house,which I will payoff the mortgage and give to some needy family.
Then there is the staff I will need to take care of my multiple houses I will buy around the world and...........................

wake up,it's a dream.

reply to post by Destinyone


Agreed. What else to say? The miracle of life overrides our petty needs for money.

That's so much more beautiful than a bag full of greediness.

reply to post by kdog1982


Ever think that you could channel your dreams into something useful?

A collective working for a greater good?

Just a passing thought.

reply to post by Destinyone


Oh wow,missed the baby goat.
Congratulations!

Originally posted by kdog1982
reply to post by Destinyone

 

Oh wow,missed the baby goat.
Congratulations!

Thanks Kdog. With any luck, I'll have 2 more tomorrow. Fayla one of my other does is showing all the signs of birthing within 24 hours. She always has twins. Gracie only had a singleton this morn, It was her first kid ever. She's a first rate mommy too.

If I win the oodles of green, I'll build a great home and give it to a needy family to spend the rest of their lives playing with my goats.

I think you can give cash to family and friends under the table....you just have to trust them enough to not rat you out.

Des

Originally posted by Druid42
reply to post by kdog1982

 

Ever think that you could channel your dreams into something useful?

A collective working for a greater good?

Just a passing thought.

Yes,I do,my mind wonders sometimes.

helping the homeless that I see everyday is on the top of the list.
Helping the kids in poor neighborhoods in getting proper education ,food and resources.
I shouldn't use poor,rather then I should use underprivileged.

My wife and I have talked about opening a school for those purposes,she is ,or was a,special needs teacher.
Her job is now developing programs to help those needy kids in the school district.

But how far can you go,where do you distribute the money and help where it's needed most?

I guess one could start by looking at what others are doing and see if it's making a difference or not.

reply to post by kdog1982


I would pay off all of our debts so my husband can retire.
I would buy that super duper wood cook stove with the 50
gallon boiler.My dream cabin in the mountains would get a
lot bigger.
I would buy myself a pick-up truck,my hubby a car of his
choice.I would look into some good charities to donate to.
Help out some soup kitchens and homeless shelters.I
almost forgot,I have to pay my tithes on this.

I was bored earlier and did some random "strategery".

The way I look at gambling, you absolutely must have the mindset that you are willing to lose. Once you've come to grips with this and accept it, you're better off losing once and getting over it then losing continuously ( or at least I think so ).

So here's what you do. Find 9 people willing to lose 520 dollars right now. 520 dollars is how much you would pay to have 5 chances at each megamillions drawing throughout a single year, with two drawings a week at 52 weeks a year ( 1 dollar * 5 chances * 104 drawings = 520 ). When you add yourself you have 10 people willing to lose 520 dollars.

Choose your numbers via quickpick. Just make sure the megaball numbers are 10 different numbers. Everyone else does the same, and also makes sure they don't have a megaball anybody else has. Since there are only 46 choices for a megaball number, each number will be chosen as a megaball twice, with a random other 8 numbers being repeated a 3rd time. You can either have two ticket holders pick these random numbers, or you can have each of the other 8 repeat a megaball number they already have, leaving two ticket holders to play the missing number from each of the other 8 tickets on their tickets.

An easy way to set this up is give the 1st ticket holder megaballs 1-10. The 2nd ticket holder megaballs 11-20. The 3rd ticket holder megaballs 21-30. The 4th ticket holder megaballs 31-40. The 5th ticket holder megaballs 41-46, and then they can choose 4 random numbers as the other megaballs. Repeat this same pattern with the 6th, 7th, 8th, 9th, and 10th ticket holders. Just make sure the 10th ticket holder chooses a different 4 random numbers than the 5th ticket holder chose.

OK! EVERYONE PLAYS THE SAME NUMBERS EACH TIME. This guarantees at least winning 4 dollars because two people in the group will have the megaball! You split the 4 dollars among the 10 people after every drawing ( thats 40 cents each ). The worst case scenario is that over the entire course of the year none of your 10 players matches anything more than the megaball. This means everyone ends up with 40 cents every drawing, for 104 drawings, totaling 4160 cents, or $41.60 back! This means you originally spent $478.40 instead of $520 at the beginning of the year!

Any winnings beyond this you simply split evenly. And since I already did the math for coming up with this ridiculous scheme, you can figure out the applicable tax ramifications.

My head hurts.

reply to post by danj3ris


My head hurts after that!
And for four dollars?
Rather go buy a beer or two.

reply to post by danj3ris


Someone wanted a Math Forum in BBQ. Now I see why. They could figure that out.

Somehow, someway, there is a flaw in your logic, as well as a certain logical beauty. After this historical lotto is over, whoever wins, it's certainly worth discussing over a beer, aye?