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09-01-2007, 03:50 PM #34Senior Member
$330 Million!!!!
Ok, well everyone is shit out of luck as 4 winning tickets were sold to Megamillions. What a bummer, they have to split 330 four ways! The states were the tickets were sold were:
Maryland(1), New
Jersey(1), Texas(1) and Virginia(1).
Ok, for our foreign friends who asked about taxes, I think it is 25% for federal taxes and then state taxes range from 0.0% to almost 8%, depending on where it was sold and if you are a resident of that state or non resident.
Lump sum payouts usually are about 48% of the jackpot. I recommend taking the lump sum and dumping most of your money in stock options on Google, Apple, and Research in Motion (makers of the Blackberry, which has almost doubled since the end of June and I was telling everyone to buy it before their quarterly earnings announcement). You will more than double your money in 30 years on those stock options. You will actually make many times that over.
Last weekend Powerball had one winner in Indiana for $314 million.
Some states allow you to claim the prize anonymously.
Like I just mentioned, I would dump most of my lump sum payout in about 5 stock companies and not just stocks but stock options. I would pay off all my family member's bills and buy them what they want. I'm buying myself a Ferrari 599 GTB or a Mercedes SLR and a used Gulfstream G-5. So obviously I will be getting my pilot's license too. Then I'm going to start my own company, some kind of capital investment company or a real estate/construction company to eventually rival Donald Trump. After my stock options start paying out, then I am not going to give to charity but start my own charity.
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