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Old 03-30-2012, 06:03 PM
 
Location: Chicago(Northside)
3,719 posts, read 6,094,812 times
Reputation: 1651

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I bet you its going to be an 80 year old women from Nebraska!
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Old 03-30-2012, 06:22 PM
 
Location: Betsyville
104 posts, read 235,729 times
Reputation: 122
I spent five more dollars before work, I wish I could be one of the winners! I'm sooooo broke, I can't afford to change my mind.
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Old 03-30-2012, 06:38 PM
 
Location: Pueblo - Colorado's Second City
12,180 posts, read 21,020,142 times
Reputation: 4258
If I won the 640 million I would take the 462 million cash option. After taxes I think I would get about 340 million. I would invest 200 million dollars so I could earn about 1 million dollars a month. That would leave me with 140 million to spend or to give to friends and family. I would buy all that I want like a condo in downtown Pueblo, downtown Denver and a cabin in Aspen and cars etc. I am sure I would not need more then 40 million to do all of that. So the 100 million I would give to certain projects in Pueblo to help make my city even better.

Here is a brief list:

1) I would help CSU Pueblo start a medical school.

2) Give enough money so the city could finish the Riverwalk

3) Help start of arts space in downtown Pueblo for artists.

4) Give money to the state fair so they could enlarge the events center. Then I would support a concert every year with big name stars like Madonna for the fair.

5) Help Pueblo build a new state of the art performing arts center.

I know this is lame but this is what I would honestly do as I thought about it for years.......
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Old 03-30-2012, 07:46 PM
 
3,970 posts, read 11,830,197 times
Reputation: 1576
Quote:
Originally Posted by jonathancalderon71 View Post
I bet you its going to be an 80 year old women from Nebraska!
If true, I wish I were her son.
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Old 03-30-2012, 08:02 PM
 
Location: Villanova Pa.
4,908 posts, read 12,524,641 times
Reputation: 2631
Quote:
Originally Posted by Ghengis View Post
I'm still waiting to hear back from MasterCard on my request to increase my credit limit to $176 Million but I got a pretty good feeling on this one.
If you tried to fill out every combination on those lottery cards? It would take you about 28 years, thats taking 5 seconds per $1 dollar game.

The $640M is $462 M cash option. Minus 35% federal taxes PLUS state and local taxes. Lottery winnings are (state + local) tax excempt in a couple states including PA but in CA and NY for instance you would lose another 10%in taxes. In PA that $640M would be about $300M in cash after taxes.

If you invested conservatively you could probably generate 5% in interest. More than enough to be able to live off the interest alone for most people.


Another thing I found interesting is that sharing your wealth will cost you. Say you wanted to share the $300 M cash with your family. If you tried to give $25 M to each of your 5 children they would all have to pay 50% gift tax on that money, in effect only getting $12.5 M ..
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Old 03-30-2012, 08:04 PM
 
Location: Seattle, Washington
3,733 posts, read 6,479,492 times
Reputation: 1989
I've had a list of my closest friends and family for years that are getting money from me if I ever hit it big. Then come the charity projects and donations, and others. I bought a ticket for tonight's drawing. What if I win? What in the hell do I need 640 million dollars for? Or even half or a quarter that amount? Yea, a lot would be given away, and enough left over to live the simple and modest life I've always wanted, along with enough not to have to worry about money or steady work for pay for the rest of my life, and the rest goes to my closest friends, family, and other good causes.
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Old 03-30-2012, 09:12 PM
 
3,285 posts, read 5,433,142 times
Reputation: 1064
^Yeah I like the way you think. I just wouldn't want to worry about anything anymore, if I see a nice coat in Nordstrom's or wherever I don't want to have to check my bank account and contemplate if I should buy it. I don't think I would go out and spend $400,000 on a ring just because I can, if I actually like it then it may be a different story.

I would attempt to make all of my family and friends 1%'ers without breaking myself or my future children.
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Old 03-30-2012, 09:15 PM
 
Location: plano
6,569 posts, read 8,101,081 times
Reputation: 5801
Quote:
Originally Posted by pw72 View Post
The real story in this high jackpot amount is how much the state will make in taxes if they provide the winner(s). Plus the store owner gets a cut.
It isnt taxed in Texas, how about NYC the center of the universe, you get to pay the city and state of NY.
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Old 03-30-2012, 09:24 PM
 
3,285 posts, read 5,433,142 times
Reputation: 1064
$975 Million is the estimate if no-one wins tonite!
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Old 03-30-2012, 09:48 PM
 
29,940 posts, read 27,365,450 times
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Quote:
Originally Posted by BMOREBOY View Post
$975 Million is the estimate if no-one wins tonite!
Almost one billion freakin' dollars....woooooowwwwww.....
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