Absurd STRICT Rules POWERBALL Winners Have To FOLLOW
ฝัง
- เผยแพร่เมื่อ 15 ก.ย. 2024
- Winning the #lottery can bring a world of endless posibilites, however, not everything is sunshine an rainbows. In this video we dive deep into the Absurd rules powerball winners have to follow after winning a jackpot and becoming rich overnight. From anonymity, to choosing between lump sum and annuity payments, we will cover the most strict rules powerball winners have to follow.
This video will help you understand what to expect for when YOU hit the jackpot and become insanely rich,
👇 Watch Next:
DUMBEST #lottery winners #1
• DUMBEST Lottery Winner...
DUMBEST #lottery winners #2
• DUMBEST Lottery Winner...
DUMBEST #lottery winners #3
• DUMBEST Ways Lottery W...
➡️ SUBSCRIBE NOW: bit.ly/Subscri...
*No Copyright Infringement Intended, For Copyright Issues Please Reach Out At: contact@themillionairepost.com
#powerball ##lottery #lotterywinnes #millionairepost
💰Learn The SIMPLE 3-Step System & Make Money TODAY: www.millionairepays.com
Note buy a dumbie house...
Thanks for the episode,
Missouri, let's you stay anonymous as well.
Yes definitely. Them don't want paying for me.
.soy analfabeta Hi juvilada viuda torpes muy mayor 78 años camera de jaen capital blogue 6
Winning the lottery ruined my marriage. I came home with a huge grin on my face and said to my wife, “What would you like to do if I won the lottery?”
She said, “I’m taking half and leaving you.”
I showed her the ticket and said, “I just won $10. Here’s $5, get the F out!”
😂😂😂😂😂😂😂😂😂😂😂😂
Nice! 👍😄😄😄
💀💀💀
I would say to her, "You get nothing, I get everything, and if you try to murder me for it, and/or hire people to off me, then your corpses will be on display at my new house to ward off anyone else that would like to think that trying to steal my empire out from underneath myself is a good idea".
😮
1:don't loose your ticket
2:Sign it
3:lump sum or annuity.
4:pay taxes even after gov cut.
5:hire an accountant and attorney.
6:claim prize in the state you played in.
7:State shares ID and amount won. Maybe even address.
8:setup a trust to stay anon.
9:get insurance. Like umbrella.
10:decide amount to charity and stick to it.
11:Put up a safety net. Invest a large chunk
12:Don't expect it to solve all your problems.
Charity? I don't think so
@@JohnGrove310 I'm just typing up the #10 list so people dont have to watch the vid and save time.
Thank You
The hard part if you win a large amount is trying to find a lawyer and accountant you can trust.
If you win a large amount, split it up into equal parts for several different groups to manage.
If you get screwed, it likely won't be by all of them.
Think of it as part of your diversification to limit your exposure to loss.
The lottery has recommendations where to go, these are huge corporations that have their lawyers insured and you can look up their past for any discrepancies.
CPAs are required by law to follow financial laws. There are lawyers (I think) anyway, financial advisors called fiduciaries, and some of them are lawyers, that are required by law to act only in the financial interest of their clients. I have a financial advisor, who’s our major investments manager, who is a fiduciary. They do exist. 👍
Avoid ones with nicknames like "shifty", "Lefty", and "Lucky".
@@metatechnocrat 😄👍 Good advice!
Hire a tax lawyer, create a trust so you don’t have to claim in your name, don’t tell anyone that you won
Exactly
Great advance.. I’m bout to go jag 100 on some tickets and when I win I’m follow this advice
Math in some states if back of ticket signed u can't have a lawyer collect money under a corp name!
That doesn’t swing in California and in a lot of the other states you can still look up and find out the identity of the trust owner(s). 🤷♂️
and that same lawyer will rob you blind...
In Canada, we pay no taxes on lottery winnings because lotteries are considered voluntary taxation.
y’all have like two major cities, taxes is not that deep 😭
@@abelpazos51 , actually, they have like five of them, maybe six of them, but every other place is like woods and ice and polar bears and grizzly bears.
Yes, but who the Hell wants to live in Canada where the government can freeze your bank account if they don't approve of what you are protesting or who you donate your money to who is protesting. Idiots
you pay taxes on what you spend....
@@abelpazos51 actually 3 over a million people in it and 52 with 100,00 to a million in them... 393 with 20,000 to 100,000 in them
It's crazy that we buy the lotto tickets with our income that has already been taxed. Only for the winnings to be taxed.
I agree. Should be similar to insurance or Roth IRAs: if you pay for it with post-tax $, then the distribution/benefit is tax-free.
@@coolraul07 right, I hear the lotto in England and Canada are tax free.
I know right, it's the same going to jail for tax evasion, while you're living off of taxes as a result of not paying taxes ..
Think of it like this... That already taxed money you spend on lottery tickets is an investment. If you put your already taxed money in any other investment, and that investment pays off... you'd have to pay taxes on that.
Everyone hates paying taxes. The best advice is to live in a state like Texas or Florida that have no state income tax.
@@garyjackson3531 Nevada would do too! 🤑🤑🤑
Keeping your mouth SHUT is always your best option.
You don't need to tell anyone you won the lottery.
💯
The government will do it for you
@@jamesstead2256🤣🤣🤣 Yeah, SNAKES!
Including your soon to be ex spouse, right?
Especially family and friends.
Announcing the name and address is an absolutely asinine and irresponsible ideal. If a winner gets murdered, the lottery needs to be responsible. Smh absolutely ridiculous
Yup they do it on purpose so they get killed
They don't announce their address!!! 🥴🙄
😂
Servon agree and I'd get a po box before collecting lotto money! I'm not having my home address put out publicly!
@@AnastasiaBeaverhousn they can publicize ur home address! New Jersey just became a lottery anonymous state which is good!
So basically after you get roughly a third of your winnings, you should spend it on trying to keep others from getting it.😂
Pretty much.
Old saying " uneasy rests the head that wears the crown 👑".
Step one win the money, step two build awesome house in the middle of the mountains that’s fully self sufficient, step three cut all contact with the outside world and only go back when you need something step four enjoy not being bothered by other people.
The 2 things I would do different than the video says is you will be taxed 25% of the winnings right away but the bracket you are in from winning a large sum is at 37% and the remaining 12% is due at tax time, I'd have them take out 40% instead of the 25% right off the bat and get a little back at tax time.
Also I would not hire an attorney I would find a law firm that specializes in many fields and put them on retainer. I feel an attorney can take from you but a firm on retainer will be more difficult to steal from me.
better to owe the money, use that money in investments and then pay when due, you earn interest. If uncle sam owes you, you don't get interest in that money. You'll have to wait for a check and cross fingers you don't get audited because of a large return.
So glad I’m learning how to properly manage my lotto winnings at 2 in the morning… I don’t even play the lotto.
You ain't the only one, but knowing the rules about what the state lottery commissions do and don't have to do, that is good to know,in case you get lucky and someone dropped a winner on the ground.
Money can't buy happiness, but it will give you time to go find it.
I am always happy,money makes me happier!
Happiness no doubt comes from within, but having money sure makes it easier to be in that happy, easy, comfortable state more often, if not all the time.
Definitely
But it can buy me a boat
I'm 100% confident I would manage my lottery jackpot flawlessly or close to it...I'd never be broke again
Right On!
Yep, if you manage your money properly now you'll have the behavior traits to continue to manage at that higher level
Same. Like I'd divide it into quarters. Salary, low yield portfolio, high yield portfolio, and savings I never touch. Dividends will help bolster my salary portion.
Agreed. I have seen all the suckers who lost it. I know what to do :P
💯
The greed of some people today you just can't share your good fortune with them.
Correction in AZ you can request to stay anonymous, if you win over a certain amount. From the AZ Lottery; Public Disclosure: As a state agency, and due to the fact that winnings are comprised of public money, the Arizona Lottery is subject to public disclosure laws. After 90 days, a winner's name, city of residence, and the amount won becomes public record and may be release upon request. In addition, the Lottery may issue a press release stating the above-mentioned information as well as the date won, retailer name, and location. Additional information may also be included if the winner has agreed that it can be released. Winners of prizes $100,000 or greater, however, may request permanent confidentiality of their name.
Also Just because you have millions, Doesn't mean you have to look and act like you're rich. Also remember you're rich not wealthy, There's a big difference.
You'd probably have to get a lawyer to form a bridge trust to collect the prize instead of putting the real name on there.
@@spicychad55 You can't, Chad. The ticket MUST be claimed by a real person, NOT a corporation, trust, or representative.
You can request confidentiliaty yes, but your county and state of dwelling is released. Everything else can be kept anonymous.
1. Learn the word NO. 2. Move. 3. Buy guns. 4. Invest your money. 5. Don't blow all the money. 6. Once you get your money move immediately
Even if you have to take out an apartment on a month-to-month while you look for that Scrooge McDuck mansion, do NOT stay at that same address. Keep it if it's your childhood home, just don't live there. Also, I highly recommend getting a PO box
I learned a long time never to make promises to anyone. It always comes back to bite you. Now I always word it as, "I might", "I'll try", or in the case of the lottery I might say "If I win this jackpot" but never use wording that locks you into something for ever.
Or, just don't engage in conversations with others about the lottery under NO circumstances!
IAM HOLDING THIS MEGA MILLIONS CHECK IAM HOLDING THIS POWER BALL CHECK IAM SO GREATFUL THANK YOU FATHER 😊
Nonsense you didn't win both
If I win a big enough lottery I'm totally quietly moving and expatriate to Switzerland ❤
I like your thinking.
*and then snitches on herself and gets murked in Switzerland.*
You still have to pay taxes in the state/country you won it in.. were I live you don't pay taxes on lottery winnings & you can't inherit debt..
If you live in an impoverished area, you will be a target if you do not move. And absolutely do not tell anyone.
Here's another rule straight from Goodfellas. Don't buy anything immediately after winning. Stagger your big ticket purchases so you don't give away your new economic status.
Mom won $2.3 mil. in the Mass Millions draw back in 1995. Her drunk BF hid it to keep it safe. Couldn't find it once he sobered up. She found it more than a year later and was expired by then. Don't lose your damn tickets!
Wow where was it hidden? Must have been a very good hiding spot
That's messed up.
Who else is watching this video because they're winning the next lottery?
Me🙏❤
🙋🏾♂️
Me with blessing of god
Me!
GOD ALL DAY🙏🏽
I've been playing since 1974. No wins now in 49 years. Play what you can afford to lose and don't count on winning.
Any day now.
Maybe if Humans were long lived you could eventually win. But we are not
I came close, matching the first and last numbers and then all other four numbers were just 1 digit off of the actual winning numbers. But that was a year ago and probably the closest I’ll ever get to actually winning anything other than $2 or $4 here and there. Sure would be nice to win though
That's depressing though.
This country is so freaking greedy and shady !
The United States is one big ponzi scheme or so I read somewhere at some point in time
I heard a lottery winner got ripped off the winnings by his lawyer. Maybe getting a lawyer is not the best idea either. If I won a big lottery the first thing I would do after confirming my claim is to disappear. Nobody would know where I am unless they are a major stalker
If you do go to a lawyer, DO NOT go to a local lawyer
Go to a NATIONAL firm that regularly deals with Trusts and Estates
you are correct his name is jay kurland was a lottery lawyer well known i guess took 100 million or something like that
@@yrbuddy77 And the person who went to that lawyer was told should get a lawyer just as this video suggests.
At least hear in Australia the winner gets to keep the full amount and no taxes get taken out of it.
Although if the winner does not live in Australia then there might be taxes.
Which is fair because even if we're from other countries, not Australia, the taxes would be little.
I'm moving to Australia.
It depends on their tax residency etc. A kiwi winning australian lottories pays no tax as nz dont tax winnings either. But a us citizen will pay us tax on australian winnings...if they declare it
Depending on if you put your money in a bank or a brokerage account the amount is insured differently. Banks are FDIC insured up to $250,000. Brokerage accounts are SIPC insured up to $500,000. You may want to diversify the money into a number of banks and brokerage accounts in case of bank/brokerage collapse. Think of Bear Stearns, Lehman Brothers, Silicon Valley Bank, etc...
If I remember right, the max insurance is per institution. One account or ten, if in the same institution, you are insured for $250k.
Start a bank account in an off shore bank. Don't put it in a bank in the US.
Good info to know
Trust is the way to go … don’t tell anyone except your spouse. No one else, not even siblings or your children. Depending on the amount you’ll need to determine whether you can stay in your area. Large winners will need to hire top of the line security professionals. Live off the interest.
You will probably have to move. Yes, use a trust.
I wouldn’t say anything about two family or friends who you don’t know trust them because they may not love you
@bsfishing7073 You become a target to those around you. You will be sued for anything and everything in hopes you will just throw them a few thousand dollars because they figure you can afford it. Honestly you would probably need to move somewhere they don't know you.
@@nunyabidness117 or somewhere with people at least close to your new income level.
Nr.9 is worth going into more detail on. The IRS (the Feds) will require a hold-back of 25 or 29%, but states that have state income taxes (most do) will also reach into your pockets, not at the time of distribution but when it comes time to do your taxes (April 15).
Additionally, there could also be local taxes, either on the county or city level (New York City, to name one, has such an income tax). But then Uncle Sam comes around for round 2, because a sizeable jackpot will put a lottery winner into the top tax bracket, currently at about 37%. So there are still taxes owed between the percentage withheld by the lottery and the top tier rate.
Still, taking the lump sum beats taking the 30-year annuity option, which will lose half its purchasing power over time. Inflation is a bitch.
Shelby I've heard ur payout after taxes increases over time so it's better to take the money over 25 years not as A lump sum!
@@oldfogey4679 I don't think so. The only way I see that happening is if the tax rate changes. Since the Trump tax cuts are set to expire soon, the federal top tax rate will go up by two percent, so you will be paying more in income tax if your win is sizeable enough to put you into the top tax bracket, which I expect is the case. So instead of getting more money, you can expect to be getting less.
Your bigger risk accepting a payout over time is with inflation. If the payout amount stays the same over 25 years (it usually does with all lotteries). in 12 to 15 years the money will have lost around half its purchasing power, because everything will be more expensive.
That's why in my view taking the lump sum - even if it is less than the annuity payout - and investing the money conservatively in a stock index fund. A four percent withdrawal rate will provide enough money for a comfortable life without touching the principal amount.
Besides, any time you opt for an annuity payout - be that a lottery win or an annuity you bought yourself - you are making a bet that you will live long enough to get a substantial amount back. If you get run over by a truck tomorrow, you lose.
after they take out the minimum, I would head to an overseas location where no extradition is possible plus I could place my money in a Swiss bank account under phony LLC's
Since my post, I have learned that there is in fact an increase in the payments if taken over time. That is to make up for the declining purchasing power due to inflation, so it functions more like a COLA (cost of living adjustment).
Even with that, I still think taking the lump sum and investing it with a target rate of 8 -12% is the better way to go.
@@shelbynamels973 Especially if your 50 years old and don't want to wait 30 years at 80 years old for the full disbursement of the winning's. I think it would be smart to take the annuity if you're young in your 20's or 30's. But, I think lump sum makes perfect sense for someone 50 and older.
Hire an accountant and attorney 😂, they are the biggest crooks of all !!! Great advice
...and especially when there was a person that was named Jason Kurland that had represented SO many of the biggest lottery winners of all time being investigated, arrested, disbarred, and imprisoned for their crimes.
This video is sponsored by all crooks behind the lottery
So whom them
A lawyer will keep you from being dragged through the mud by your own family
I've heard enough stories of Lawyers, advisors, accountants stealing from clients. It's unfortunate but yeah who would you be able to trust? I'm sure there are people who can be fully trusted but it's fact this has happened.
"Strict rules" actually seem more like "Here's some suggestions and obvious things that will happen" I mean you could argue that paying taxes is a strict rule, but things like hiring a financial planner and attorney, get insurance, decide how much to give away? Doesn't sound like rules at all.
LOL 😆 BOTH the Powerball and Mega Million lotteries just went over $300 million..
1billion now
If you can, stay quiet, claim via a trust with a company inside of that trust and then move state/country. Have your ducks in a row and invest wisely then enjoy the fruits.
Michigan only lottery winners can remain anonymous, but multi-state lotto winners from Michigan can not remain anonymous. But there is a work around. If you are a Michigan resident and win a multi-state Lotto you can form a "lottery club". One of the lottery club members is required to be "the face of club" to claim the prize. There's an Attorney in Florida who has served this roll on other winning lotto clubs. The other members of the club remain anonymous, the attorney gets paid and the winners keep their identities secret.
Love it. Brilliant.
This is one of the best videos on YT, not only about if you win the lottery but for financial practices as a whole. Shut your mouth, lay low, create a good financial team around you, get a living trust, don't have anything under your name & finally, yes again shut your fkn trap & make it seem like you don't have any money. My pereonal advice to anyone that comes into 100s of millions, get the fk out of dodge! Stsrt over again. No one needs to know who you are. You can even go as far as changing your name if you stay in the USA. Oh & get very good well trained obedient watch dog's & a lot of gun's. Just a little extra added insurance in a state where there are "stand your ground" laws. Goodluck.
I miss when they would start the video off by saying, "Hey Millionaire!"
I think the most important thing is to stay anonymous (if possible) and don’t tell ANYONE. Just live like a normal person. Don’t go nuts and buy a mansion, a fancy car, and tons of expensive clothes and accessories. That’s called advertising. Also, that’s a great way to burn through all your money real fast.
Don’t tell your kids or other relatives. Just live comfortably and reasonably and you could be set for life if you also take the advice in this video. No, I haven’t won the lotto. I don’t even play it. But common sense tells me that if you go from living one lifestyle (paycheck to paycheck or even broke) to suddenly buying all kinds of expensive crap, people will notice. Family and friends will start asking questions. Your kids may brag about their new-found wealth. People talk. Just keep living, pay your bills, invest for sure, and don’t draw attention to the fact that you suddenly have more money than most people will ever see in their entire lives and you should be fine.
💯
This sounds good, but c'mon, it's not realistic at all. Someone who's family is squeezing into a 2br apartment and driving a beater is at the very least going to buy themselves a house and a new car. And the new house will probably be in a pretty nice area. So just those two things will let most people know things have changed. Your advice is something that works for people who might already be middle class.
@@seanwilliams7655💯
If someone wins the lottery let them do what they want with THEIR money!! 🙄
Thanks for telling us how boring and greedy you really are.
Arizona allows anonymous claims of prizes over $100,000. now, the 90 day law was expanded.
AZ allows you to request to stay Anonymous if you win over $100.000 . From the AZ Lottery; Public Disclosure: As a state agency, and due to the fact that winnings are comprised of public money, the Arizona Lottery is subject to public disclosure laws. After 90 days, a winner's name, city of residence, and the amount won becomes public record and may be released upon request. In addition, the Lottery may issue a press release stating the above-mentioned information as well as the date won, retailer name, and location. Additional information may also be included if the winner has agreed that it can be released. Winners of prizes $100,000 or greater, however, may request permanent confidentiality of their name.
If I ever won the powerball I would immediately put it in a ziplock bag and put it in my freezer, go out and buy a fireproof safe , put the ticket in the safe, handcuff the safe to my wrist and drive straight to the commision.
Maybe I'm different, but I don't understand how people win this kind of money and then go bankrupt. I'm a simple person with simple tastes. I buy a car for its utility, not for how good it looks. I would still rent an apartment instead of buying a house because I don't want the hassle of keeping up the property. I'm not into all the "toys," so that wouldn't even come into play. I'm not married and don't have a girlfriend, so no issues there. My kids are grown, and although I might help them out a bit, they know me and know that help would extend only so far. I don't want a big fancy place to live or car to drive. I don't need "toys". I only buy new clothes when the old ones wear out. The only thing I might buy is a few new kitchen appliances and higher quality food. Other than that, I don't need anything else.
From what I have "heard" - Folks with good money management tendencies/skills/control/delayed gratification etc. stay solvent; folks with poor money management skills, and a need for instant gratification go broke(r). You can also see this with entertainers like musicians and athletes. How they handled money before success is most likely how they will handle money after the bags roll in.
Sounds like you don't need it then 😭
Most of that home ownership hassle comes because you don't have the money. Oh, and you'll be married in 6 months. The second women find out you have money.
How do you have kids then ?
As you said that you're not married and don't have a girlfriend
Not being rude and my intention is not to disrespect you
Mark Cuban said if you win big in the lottery dont invest it. It causes a lot of problems and if you win enough to live comfortably off the winnings, why put yourself though all the headaches.
If you win a Billion Dollars?
@@visaman exactly, would you need to invest to grow that amount?
@@FOOD_EATER1not in this market, but, you can't have that much in one bank either.
What Mark Cuban said really had me think. For example lets say after taxes ... what's left is over $20 million. I think someone can live comfortably with that kind of money as long they use the money wisely.
Personally, I'd split the difference and invest very conservatively. I figure if the winnings are enough, I can live very well off an annual return of 3%, and that should be pretty easy and safe to get.
I am the next big Lottery jackpot winner!! Thank you Yaweh Thank you Universe
me to,
Don't thank anyone until you win.
@@markcadieux3445 I already won Thanks Yaweh Thank you Universe!
Yes I claim it.
Best advice I had heard ever definitely will follow everything it said in here if I have that opportunity
Here’s why as to why I would get the lump sum OVER the annuity…can you guarantee ME that I am going to wake up tomorrow and for the next 30 years??? You can’t. No one but the big G can! Give me my money NOW!!!
" it's my money and I need it now!"😊
Show me the money!
and in 29 years your 5.2 mill after tax will buy you a loaf of bread and a gallon of gas
I always thought if I won millions I would invest 1/4, put another 1/4 aside to cover household expenses, take a 1/4 to help family, friends, or charities, and use a 1/4 to enjoy.
All points made are common sense. The one thing I say though is that if you are living a life of leisure and doing no work, make it your business to watch EVERYTHING your lawyer and financial advisor is doing and conduct at the very least, independent annual audits of your accounts and documentation from both entities. Also, WTF would still live at their current residence after they won a huge lottery jackpot? If one does a lot of traveling and let few know about their personal business they should be alright
Assuming that you manage to stay anonymous, living at your current residence is a great dodge. No one is looking for a large jackpot lottery winner in your average middle-class home.
You do not need a lawyer or a financial firm to handle your winnings. All you need is a financial advisor for consultations and a little bit of self taught financial education. Go slow and never invest or spend money on something you don’t understand Fully understand something even if it takes a year before you invest or spend on it
read "how to make a small fortune with bitcoin"
page one reads "start with a large fortune"
That’s the same thing I was thinking.
You forgot the main cardinal rule.... IMMEDIATELY LEAVE the state where you live and won the money. In fact leaving the US would be the best option of all. Don't keep your money in this country. Get your passport and go off the grid smfh
The problem with annual payments is if something happens to you health wise and you die, that’s it. The money stops, your family can’t continue to collect.
The fact that people see the government taking 60% of the money someone won/earned and not reacting in the most vitriolic ways to something so absurdly evil will always boggle my mind.
Lottery is how they get taxes from poor people, just not so directly
Sounds like the real problem in America is lawyers.
Right
lawyers and politicians
@@whocares397most politicians are lawyers too
And clergy. You hit a jackpot, every minister in town will be knocking on your door for "donations"
It’s the government. God giveth and the government taketh…
There’s no way I’m living in America after I hit the jackpot…NOWAY.
Where would you go?
@@ZezeDouglas If I were younger... I would go to Norway, without batting an eye.
Try North Korea. See how you like that.
NOWAY NORWAY
Good thing for me is I’m a nobody in my family and community. They could say my name and no one would know who I am lmao.
I hear some horror stories about lottery winners but then I hear about ones who handled it pretty well. Depends on the person I guess
And probably the most happiest and successful lottery winners are probably living lavish, comfortable, quiet lives.
One horror story happened when some young person that was either in their late teens, or early twenties, was literally assassinated by someone after they won a big lottery. Said lottery winner tried to do all of the right things and follow all of the right steps, but, unfortunately, they simply did not have all of the time to get it all done and they only had their win like a week before they were dead. The name of the person was Craigory Burch Jr., and his death resulted in the state of Georgia, USA changing its laws that protect the identities of lottery/slot machine jackpot winners that have earned over $USD 250,000 with their wins.
Also depends on the people around the person.
small amounts, 1-2-3mil, you don't need at that hired help. just don't tell anyone and keep it in the bank or safe investments. large amounts, do all of this, and, move away.
I would agree, because on 1 million dollar win after taxes they take out, and additional taxes you pay it's probably only going to be $350,000 when it's all said and done.
@@RaiderGannon12 my numbers were after payout, not gross. 1-2-3 mil is a lot of money, but then, it isn't a lot of money.
In annuities you get the same amount than is lump sump, you must surrender now 37% on taxes due to that is an amount of money subject to that high tax bracket.
Don't forget to hire another accounting firm to keep tabs on your accounting firm. Don't want to find out your accountant has skipped the country with all your money! And don't forget to hire another lawyer to check your attorneys work! Remember never trust anyone!
Accountants do not hold invest or control your money. That should be rule 1. Only a fool would allow that. Never allow a adviser to manage your money.
Glad I live in one of those states that allow you to remain anonymous 😊
When I can I buy my tickets in one of them.
BLIND TRUSTS layered and complex LLC and TRUSTS can hide your ID
Only if you live in the right location.
Many states don't allow it.
California requires it to be a name of an actual person. There is no way to claim it as an LLC or trust .
I had a $12,000 winning ticket sitting in my car console for 4 or 5 days before I checked it lol
Its criminal how much they keep and then take insane
I just want to win
Taking the annuity also means you are locked into paying income taxes on the money and filing tax returns for the rest of your life. If you take the lump sum, the only taxes you pay are for the year you get the money. If you are smart and you _don't_ invest it or put it in interest-bearing accounts, but just live off of the winnings, you owe no income tax and file no returns for the rest of your life.
Not if you move out of the country and renounce
You're paying taxes no matter what. If you invest, you're paying taxes on the dividends or interest income or capital gains income
@@hot2warm -- Read my initial post. Again. Until you see it. Or let me reiterate it here:
_If you are _*_smart_*_ and you _*_don't_*_ invest it or put it in interest-bearing accounts, but just live off of the winnings..._
You will notice that you are making ZERO income so therefore owe NO income tax. _“Any one may so arrange his affairs that his taxes shall be as low as possible; he is not bound to choose that pattern which will best pay the Treasury; there is not even a patriotic duty to increase one's taxes.”_ -- Justice Learned Hand
@@OneHitWonder383 no problem. I only see the first few lines on my phone
@@hot2warm -- Okay! Forgive my snarky attitude.
Win the PowerBall, and then be 'on the run' for the rest of your life.
Pretty much...
Get a private island. They start out at about 40k.
@@ericwilliams1659 NOPE. You're trapped when the Pirates show up in night boats
@@ericwilliams1659 Best to just stay 'on the run' with burner phones and credit cards in other peoples names
@OhNiceMatt the islands are in American territory. Rich people can own cannons. 2 amendment for the win.
What the absolute... The fact someone can sue you claiming that you agreed to split the jackpot is ludacris. Unless they have concrete proof of that agreement, it shouldn't stand. It is nothing more than he said she said argument...
And yet, judges across the country have ruled AGAINST the lottery winner. Be smart and don't bet on the goodness of people when faced with the temptation of large amounts of money. And sorry to say, most of the time it is with family members, so take the safe route and protect yourself. I know, it seems cold, but it is what it is.
Imagine a tourist from Europe passing by, just grab a lottery ticket and win. I would like to know if they have to abide to all those rules 🤔
They have to abide by the rules in the state they won in
U have to be a citizen of that country if u want to get the prize, I mean in most of the countries... Not sure
@@radulaurentiu1307 Nope.
America does not discriminate. You win, you win. Pay federal and state taxes where you bought the ticket.
Thanks everyone 👍🏾
@@michaelplunkett8059 no, you have to be a legal resident, not necessarily a citizen. Not a tourist, obviously, because of tax purposes
If you live in a state that will make you go public with your winnings put it in a trust. Before you to claim your winnings sell your home go stay somewhere like a hotel get your money and move to another state or move to a different country that day.
Me, who never plays the lottery: “Hmmm, interesting.” 🤔
You do not necessarily have to pay ANY taxes on that money.
Have your offshore anonymous irrevocable trust LLC in Canary Islands claim all the winnings.
When spending money, try not to raise your lifestyle. Flaunting makes you a target.
Can't do that, Slick.
They take the taxes before you get the money.
@@Eclipse-ss7ko Not if you are tax exempt.
Doesn't work like that. Better read up on the tax code
@@moondog3056 If a nonprofit does not pay taxes then you can get out from paying them too.
One just needs to file the right paperwork.
Also, where did one agree to be bound by any of that? Where did one agree to be governed?
Presumed and implied consent is fraud.
Forcing someone makes them a slave. But slavery has been abolished.
In Canada any lottery, casino winnings are Tax Free. 🎉🎉 if you play games that are “life time” payouts then for Lump-sum payment they do keep some since they don’t know how long you’ll live for but the choice is your.. it’s not a tax though.
Lol state taxs are illegal in Texas
I'm in kansas I'm gonna be in a hotel till my money comes in
Was considering same idea👏🏻
Lottery winner: I just won the lottery!
Uncle Sam: You mean….we won the lottery!
Also, there is a vetting process. All lottery sales places have to have cameras so that the person is seen on the camera as well.
#10 and 9 is some petty complaining when ya spent maybe as much as five bucks for the ticket.
So IF you lose your ticket due to theft they don't are . but is someone says you were going to split it.. they take it and give it to that person ?
Questions to Americans;
1.Would you rather have smaller lottery pots like ours in England and other European countries but its 100% tax free( you only pay tax on the interest)? For context the English pot is usually £5-£20m and the European pot is £30m-£130m(£195m being the record).
2.If you win the lottery. Would changing your government name to James Smith or Mary Smith before claiming your prize not work?
In the state of Georgia you can remain anonymous as a big winner. That changed several years ago.
If the Lottery has a option of taking 10% of the winning to stay anonymous for the winners for those states who will announce it public, depends on the amount but I will forfeit to play safe.
I'd rather not go through the stress and looking behind my shoulder especially in these times.
😊no problem for me because I don't like sports cars i don't like big house s and I hate jewelry and I don't drink alcohol and I definitely don't do drugs and i have no friends and i hate my entire biological family😊no problem for me😊
Hire two attorneys and two accountants one to manage and the other to watch the other manage
#9 isnt entirely true about the taxes because some states and municipalities dont tax lottery winnings, so your tax bill wouldnt be as high as they claim.
I think it's absolutely brain-dead to announce a lottery winners name to the public... wtf are they thinking? Also, I'm so glad here in Australia that lottery winnings are not taxable.
I live in Florida. Looks like I'm going to have to move away when I win. I don't want my face out there.
Masks up @ pick up like it’s the pandemic all over bruh
Better move to Hawaii if so
@@Booze129 I will never live in Hawaii again. Might move to the midwest.
I'm going to a private island and create a super villain lair
There have been numerous cases here in Canada where the winning ticket was stolen ( usually by a lottery clerk checking the ticket for you) and was rewarded back sometimes after years to the original purchaser
My strategy:
Buy many guns with lots of ammunition.
Buy a big boat.
Flee the country with my lump sum.
Powerball payments increase by 5% a year to keep up with inflation.
But they still total the advertised amount of the jackpot.
That's the reason you should remain anonymous... Always if you win and should be applied in each state and everywhere.
Jose lying! 😂 he is trying to get that money.
Dam right he is.
Exactly
Put that big check over your face at the press conference.
Why don't these clowns tell you that if you take the annuity you will be taxed on that because it's considered annual income so you will be double taxed!!!
???? Can tell you don't work in finance
To stay undercover this will help...
1) claim the prize months after
2) show up to the lottery office in a rented car by someone elses name
3) create a trust before hand...
4) create several bank accounts and once money in trust, transfer aliitle to thos banks...
5) if you renting or paying mortgage or own a property... still keep it going as everything will be related to those addresses as same with your driving licenses as well..
6) buy property in a new city away from where you currently live, nothing too fancy
7) kepp your car payments and loans going as they will be linked to your old addresses
8) when buying new stuff put it in the old property name...
9) dont tell anyone, stay under cover
10) dont show boat live as before and stay humble
If you live in the hood, move 😂
Rule #1 can not be over stressed.
If you chose the annuities option and regret that decision, go to JG Wentworth.
I have a portfolio that I use only spend the interest nothing else. Its my unemployment fund or if hard times comes or a needed item for work.
I am the jackpot lottery winner 🎉🎉🎉🎉