(01-15-2021 02:35 PM)tigergreen Wrote:  

(01-15-2021 02:33 PM)fsquid Wrote:  I thought the whole thing to get lotteries approved in red states was to make it cash only so people couldn't run up credit cards. No longer true?

That was the reasoning in TN from what I remember.

You can't buy with a CC in Colorado.

I know TN is cash only.

(01-15-2021 04:11 PM)DaSaintFan Wrote:  

(01-15-2021 02:17 PM)Fo Shizzle Wrote:  I wonder if someone could set up a blind trust in a state in which your identity isn't hidden and let the trust claim the ticket?
Being able to stay anonymous would be awesome.

Some states you can... some you cannot. I just don't remember which is which.

Evidently a guy in SC did it a few years ago and showed everyone how to do it. They then changed to you being able to be anonymous. In NC you can put the money in a trust..but..not a blind trust which is no help covering your identity. I think with that much cash to spend it might be worth a shot at law suit claiming some 1st amendment violation. I bet one could find an attorney in NC willing to take this on contingency.

I had always thought I would claim in a family trust (half) and a charitable trust (half). Claiming half in a charitable trust greatly reduces your taxes up front, but does reduce uses. However, you can employ friends and family at your foundation, so you can help them and others.

(01-15-2021 06:11 PM)banker Wrote:  I had always thought I would claim in a family trust (half) and a charitable trust (half). Claiming half in a charitable trust greatly reduces your taxes up front, but does reduce uses. However, you can employ friends and family at your foundation, so you can help them and others.

Yeah...If I gave members of my family a lump sum?...it would be gone in weeks. Id set up trusts to pay them a large monthly check. Basically turn them into Kennedy's.

(01-15-2021 06:35 PM)Fo Shizzle Wrote:  

(01-15-2021 06:11 PM)banker Wrote:  I had always thought I would claim in a family trust (half) and a charitable trust (half). Claiming half in a charitable trust greatly reduces your taxes up front, but does reduce uses. However, you can employ friends and family at your foundation, so you can help them and others.

Yeah...If I gave members of my family a lump sum?...it would be gone in weeks. Id set up trusts to pay them a large monthly check. Basically turn them into Kennedy's.

Yep, that's the way to do it. Set it up where the recepients would get a certain amount with the stipulation that it would only be a supplemental amount, they would still have to work...at anything.

With my luck the recepients would be working for the DNC. LOL

Damn I forgot and not going back out.


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(01-15-2021 02:03 PM)tigergreen Wrote:  

(01-15-2021 01:38 PM)bobdizole Wrote:  

(01-15-2021 01:35 PM)VA49er Wrote:  Nah, never puchased a lottery ticket.

We always get one when it gets big like this. Like to teach the kids disappointment at an early age

We usually grab a couple when it's big like this too. I mean, why not, right?

The Gray Avenger, God rest his soul, once said the lottery is a tax on ignorance. So there's that.

(01-15-2021 09:26 PM)Hernando Hills Tiger Wrote:  

(01-15-2021 02:03 PM)tigergreen Wrote:  

(01-15-2021 01:38 PM)bobdizole Wrote:  

(01-15-2021 01:35 PM)VA49er Wrote:  Nah, never puchased a lottery ticket.

We always get one when it gets big like this. Like to teach the kids disappointment at an early age

We usually grab a couple when it's big like this too. I mean, why not, right?

The Gray Avenger, God rest his soul, once said the lottery is a tax on ignorance. So there's that.

I guess thats about like the ignorance of thinking taxes are not theft.

(01-15-2021 09:21 PM)EverRespect Wrote:  Damn I forgot and not going back out.


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You have another chance on Tuesday...850million now.

Still no winners in either lottery.

megamillions up to 850million on Tues
powerball up to 730million on Wed