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Old 03-13-2005, 02:58 AM   #1
xNetworx
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22 year old wins 18.7M Powerball Lottery (Pic)

This guy looks like he is going to end up in trouble like so many other lotto winners.

http://powerball.com/powerball/winne.../022305id.shtm
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Old 03-13-2005, 02:58 AM   #2
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a franchise of tattoo shops will soon open up in a city near you.
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Old 03-13-2005, 02:59 AM   #3
pornstar2pac
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glad oracle porn won it.
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Old 03-13-2005, 02:59 AM   #4
Illicit
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somethin tells me he's from Idaho
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Old 03-13-2005, 03:00 AM   #5
Manowar
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more power to him
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Old 03-13-2005, 03:01 AM   #6
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a franchise of tattoo shops will soon open up in a city near you.
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Old 03-13-2005, 03:21 AM   #7
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In other news, a 22-year-old lottery winner was seduced, conned and abandoned by an unknown but large-breasted woman shortly after this photo was taken.
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Old 03-13-2005, 03:29 AM   #8
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One lucky mofo
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Old 03-13-2005, 03:30 AM   #9
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nice
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Old 03-13-2005, 03:34 AM   #10
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Quote from 22 yr old Lotto winner "I'm going to spend money on booze and women....the rest I'll waste"
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Old 03-13-2005, 03:37 AM   #11
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Quote from 22 yr old Lotto winner "I'm going to spend money on booze and women....the rest I'll waste"
haha... :D
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Old 03-13-2005, 03:45 AM   #12
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That's amazing
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Old 03-13-2005, 03:47 AM   #13
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Lucky bastard
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Old 03-13-2005, 03:51 AM   #14
imafuckingaussie
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Nice fucking win, do you Americans have to pay tax in the winnings?
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Old 03-13-2005, 05:09 AM   #15
adonthenet
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very nice win!
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Old 03-13-2005, 05:43 AM   #16
BIGTYMER
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What a lucky guy!
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Old 03-13-2005, 05:44 AM   #17
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Yes its around 40% tax
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Old 03-13-2005, 05:46 AM   #18
Manowar
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a franchise of tattoo shops will soon open up in a city near you.
McTattoo
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Old 03-13-2005, 05:46 AM   #19
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Quote from 22 yr old Lotto winner "I'm going to spend money on booze and women....the rest I'll waste"
I want to be his friend
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Old 03-13-2005, 06:27 AM   #20
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It's nice to see someone win who at least has a chance to enjoy it before his heirs have to fight over it. It seems the lottery is usually won by people so old you wonder how they filled in the little black dots on the lottery form
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Old 03-13-2005, 06:27 AM   #21
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i hope he can handle it
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Old 03-13-2005, 06:42 AM   #22
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His smartest move is to give half to a CFP to invest. The other haf should be invested in escorts and having one fucking good time. If he continues to live in the trailer till he's 35, he'll do well.
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Old 03-13-2005, 08:25 AM   #23
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damn, what a lucky guy.
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Old 03-13-2005, 08:29 AM   #24
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I hope he has enough brains to go with the money. Pay off debt first, buy house, possibly new car if he needs it, invest the rest and live on interest checks.
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Old 03-13-2005, 08:34 AM   #25
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Holy fuck ! He's so damn lucky !
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Old 03-13-2005, 08:39 AM   #26
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Is 18.7M the amount he gets as a lump sum payment, or spread out over the years?
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Old 03-13-2005, 08:53 AM   #27
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If only I won such a prize..... Buonna Fortuna!
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Old 03-13-2005, 09:35 AM   #28
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cool
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Old 03-13-2005, 09:39 AM   #29
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Lucky bastard!
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Old 03-13-2005, 09:41 AM   #30
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i hope he ends up being smart with that money
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Old 03-13-2005, 09:42 AM   #31
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i mean god....getting 9 million after taxes and investing it....even if you got savings account rates (3%) you could live very nicely.
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Old 03-13-2005, 09:45 AM   #32
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i mean god....getting 9 million after taxes and investing it....even if you got savings account rates (3%) you could live very nicely.
$22k+ per month for life. Even more if you gradually draw down your principal as well. Pretty nice.
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Old 03-13-2005, 10:00 AM   #33
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I bet someone just ordered a new chopper....
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Old 03-13-2005, 10:41 AM   #34
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he is a lucky one :D
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Old 03-13-2005, 10:50 AM   #35
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If he takes annual payments, he'll get somewhere around $440K per year after federal tax.

If he takes the lump sum, he get somewhere around $7.3 Million after federal tax.

Now here's the part that really sucks for him ... Idaho is among the few lottery states that also taxes lottery winnings at the state level to the tune of 8%!

So the above stated amounts are reduced a bit more ... annual further reduced to around $400K and lump sum further reduced to around $6.7 Million.

Despite the big tax bite ... bigger than many folks may realize ... he's still getting a lot of money ... hopefully he has better luck with his money than Jack Whittaker had.

Ron


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Old 03-13-2005, 10:53 AM   #36
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if I ever won something like that I would take the montly payments. I could live very nicely off that.
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Old 03-13-2005, 11:03 AM   #37
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he will soon have alot of new friends
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Old 03-13-2005, 11:28 AM   #38
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for most people taking the $$ over time is better since 99% of them will blwo the lump sum in 5 years..

at least the over time they are forced to enjoy it for a lot more yers..

financially in an ideal world take the lump sum and put it in a very diversified portfolio and live off whatever comes in.. plus you have to save for inflation especially at age 22.. think how little the dollar will buy in 60 years.

at 10 mil cash in the bank.. you can make 200K a year or about 120K a year after tax or 10 K a month... I know a lot of people who spend 10K a month easy on just living life and I am not talking rock star life.. a 2 mil house will cost ya about 6K a month to live in..
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Old 03-13-2005, 11:29 AM   #39
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lucky bastard
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Old 03-13-2005, 11:30 AM   #40
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Quote:
Originally Posted by Ron Bennett
If he takes annual payments, he'll get somewhere around $440K per year after federal tax.

If he takes the lump sum, he get somewhere around $7.3 Million after federal tax.

Now here's the part that really sucks for him ... Idaho is among the few lottery states that also taxes lottery winnings at the state level to the tune of 8%!

So the above stated amounts are reduced a bit more ... annual further reduced to around $400K and lump sum further reduced to around $6.7 Million.

Despite the big tax bite ... bigger than many folks may realize ... he's still getting a lot of money ... hopefully he has better luck with his money than Jack Whittaker had.

Ron


Ron
you get to deduct state tax from fed tax..

so teh 8% is reduced to 4%
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Old 03-13-2005, 11:33 AM   #41
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fucking lucky bastard...
me I never win at lottery
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Old 03-13-2005, 11:34 AM   #42
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He could actually do well just putting the lump into a CD in a bank getting about 5%. Since the amount that he will put in is high, he can probably get them to give him a better %. The problem that mpst people face, is that they think that they can have anything that they want. And then they dont know how to pay the tax's on it all. They foget about that. They buy a 1 or 3 million dollar house, and a few 200k cars, and a few homes for friends. And then tax season comes, and they go. DAMN How the fuck do I pay this.
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Old 03-13-2005, 11:39 AM   #43
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Quote:
Originally Posted by Ron Bennett
If he takes annual payments, he'll get somewhere around $440K per year after federal tax.

If he takes the lump sum, he get somewhere around $7.3 Million after federal tax.

Now here's the part that really sucks for him ... Idaho is among the few lottery states that also taxes lottery winnings at the state level to the tune of 8%!

So the above stated amounts are reduced a bit more ... annual further reduced to around $400K and lump sum further reduced to around $6.7 Million.

Despite the big tax bite ... bigger than many folks may realize ... he's still getting a lot of money ... hopefully he has better luck with his money than Jack Whittaker had.

Ron


Ron
Oh wah.... cry me a river. "I only get $6.7 million... it's not even worth winning!"

I'm glad when I win $10 on the lottery. They can take $22,999,990 of the winnings and I still come out a winner.

People who cry "it's all gone in taxes anyway" annoy me. You won the friggin lottery. It's free money. You had $100 to your name, you now have almost $7 million. So what the gov't took a big chunk. YOU WON!!
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Old 03-13-2005, 12:16 PM   #44
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Originally Posted by NichePay - StuartD
People who cry "it's all gone in taxes anyway" annoy me. You won the friggin lottery. It's free money.
It's not free money, since by definition the winner has purchased at least one ticket. Probably several over their lifetime. Again by definition the average result of a lottery is a loss for the ticket purchaser.

I'm pretty sure that in AU lottery winnings are untaxed. MmmMmMM....
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Old 03-13-2005, 12:21 PM   #45
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if he takes the lump sum of 10 mill
he will only pocket around 6 mill or so after taxes

i seriously hope it is smart with it and has SOMEONE who knows what they are doing with money

but we know how this shit goes

no one smart ever wins the lottery lol
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Old 03-13-2005, 12:27 PM   #46
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Maybe he'll start a new line of choppers?
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Old 03-13-2005, 12:33 PM   #47
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Nice fucking win, do you Americans have to pay tax in the winnings?
Yep. But supposedly it's bigger if you take a lump sum payout.
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Old 03-13-2005, 12:39 PM   #48
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He looks older than 22.

Most 22 year olds are too young to make that money last
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Old 03-13-2005, 12:49 PM   #49
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haha, lucky bastard
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Old 03-13-2005, 01:14 PM   #50
MrIzzz
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awesome news, i'm always happier when someone young wins it. who the fuck cares if they blow it in a year, at least they'll know how to enjoy it. i'm tired of 70 yr old geezers winning lololol
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