Powerball Winner in NH

[Lindsey]

Last night's Powerball had one winner. The advertised jackpot was $570 million. So being that NH repealed their lottery tax in 2011, so there's only Federal taxes to be paid. My back of the napkin calculation is they'll end up with a little under $214 million after taxes if they take the lump sum, and they should be able to draw about $890K/month in perpetuity.

[sparebulb]

I bet all of the local NGO's and creepy preachers descend upon lottery winners with their cheesy pitches for money.

If I won, I would leave my little community and seek anonymity elsewhere....with my $$$ to keep me happy.

[donnay]

That's fantastic. I wish them lots of luck and hope they are a Free Stater.

[luctor-et-emergo]

Last night's Powerball had one winner. The advertised jackpot was $570 million. So being that NH repealed their lottery tax in 2011, so there's only Federal taxes to be paid. My back of the napkin calculation is they'll end up with a little under $214 million after taxes if they take the lump sum, and they should be able to draw about $890K/month in perpetuity.

I'd definitely take the lump sum.

[Anti Federalist]

NH is a lucky state.

IIRC another half billion powerball or mega millions was won in NH a couple of years ago...

[Anti Federalist]

I'd definitely take the lump sum.

Me too.

The way government is, you can't count on them paying out 20 years from now

[Brian4Liberty]

Me too.

The way government is, you can't count on them paying out 20 years from now

And you can bank on the fact that the dollars will be worth less in twenty years.

[oyarde]

Uh , yeah , I would go lump sum.

[DGambler]

Lump sum, convert it all to Crypto and get it the $#@! out of the country

[EBounding]

I think you don't hear about the successful lottery winners because they do it right and stay quiet. Everyone who blows their money usually ends up telling as many people as possible.

What to do if you win the Lottery

[Raginfridus]

I am jealous but not resentful. (This poll needs opchunz.)

[r3volution 3.0]

"I hope it's a RPF/Free State Member and they give back to liberty causes"

I'd have taken the lump sum, set some aside for myself, and then created a tax exempt foundation and given it the rest.

Back of the napkin math says you could have a $1 million annual income for yourself, with $7 million annually for funding liberal causes.

...that's from interest/dividends alone, not eating into the capital at all.

[oyarde]

I am happy for them and I do not care what they do , wish them the best .

[Anti Federalist]

What to do if you win the Lottery

Universal advice:

RULE #1: Shut The Hell Up

[oyarde]

Universal advice:

RULE #1: Shut The Hell Up

Yeah , personally , I think he has made the mistake that people know who he is and where he lives already .