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Ways to stay anonymous:

1. Don't cash the ticket.  Instead, frame it with one of the numbers obscured, and hang it in your office. 
2. Give it to someone you can trust, like me to cash in.

Author Topic: Want to remain anonymous, when you win the powerball?  (Read 35811 times)

Offline lunatic

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Re: Want to remain anonymous, when you win the powerball?
« Reply #300 on: January 13, 2016, 07:38:00 PM »
Um, u know what your saying? or saying what you know?
Yes. I do know.  I am an accountant and work for a non-profit.

Nonprofit organizations pay tax on unrelated business income.

Lottery winning may be classified as such,  but as a general rule,  the do not pay taxes

Offline username

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Re: Want to remain anonymous, when you win the powerball?
« Reply #301 on: January 13, 2016, 08:01:46 PM »
With a good accountant and lawyer, they shouldn't have to pay taxes.
^^^

Offline henche

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Re: Want to remain anonymous, when you win the powerball?
« Reply #302 on: January 13, 2016, 08:03:10 PM »
Yes. I do know.  I am an accountant and work for a non-profit.

Nonprofit organizations pay tax on unrelated business income.

Lottery winning may be classified as such,  but as a general rule,  the do not pay taxes

I'm a tax lawyer and my clients include nonprofits.  I have no idea if lottery winnings are ubti. I've never had occasion to think about it.

I think the more interesting question is what happens if a non-us person wins. Is it fdap?

Offline yos9694

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Re: Want to remain anonymous, when you win the powerball?
« Reply #303 on: January 13, 2016, 08:37:32 PM »
I'm a tax lawyer and my clients include nonprofits.  I have no idea if lottery winnings are ubti. I've never had occasion to think about it.

I think the more interesting question is what happens if a non-us person wins. Is it fdap?

It doesn't make one bit difference if you answer right or wrong. When you're rich they think you really know!

Offline aj26

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Re: Want to remain anonymous, when you win the powerball?
« Reply #304 on: January 13, 2016, 08:43:11 PM »
There is no safe investment today yielding 8%.

I have us treasury bonds giving out 7.5%

Offline henche

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Re: Want to remain anonymous, when you win the powerball?
« Reply #305 on: January 13, 2016, 08:56:35 PM »
I have us treasury bonds giving out 7.5%

Tell us the rest of the story?

Offline Ergel

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Re: Want to remain anonymous, when you win the powerball?
« Reply #306 on: January 13, 2016, 08:56:56 PM »
Moral is worth more than zero
Much better off making a pizza party
Life isn't about checking the boxes. Nobody cares.

Offline Ergel

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Re: Want to remain anonymous, when you win the powerball?
« Reply #307 on: January 13, 2016, 08:57:15 PM »
I have us treasury bonds giving out 7.5%
Where do I buy?
Life isn't about checking the boxes. Nobody cares.

Offline aygart

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Re: Want to remain anonymous, when you win the powerball?
« Reply #308 on: January 13, 2016, 09:04:42 PM »
You can buy them on the market now but at a premium
Just because things turned out a certain way doesn't mean you were right.

Offline aj26

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Re: Want to remain anonymous, when you win the powerball?
« Reply #309 on: January 13, 2016, 09:14:46 PM »
Bought in the 90's

Offline aygart

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Re: Want to remain anonymous, when you win the powerball?
« Reply #310 on: January 13, 2016, 09:18:47 PM »
Bought in the 90's
Doesn't help much for money to invest now. Also, considering that you can sell them now at a premium your current rate of return is less because future earnings have now become a portion of face value.
Just because things turned out a certain way doesn't mean you were right.

Offline Dan

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Re: Want to remain anonymous, when you win the powerball?
« Reply #311 on: January 13, 2016, 09:20:11 PM »
With 1.5B you should be able to afford a DeLorean.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline henche

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Re: Want to remain anonymous, when you win the powerball?
« Reply #312 on: January 13, 2016, 09:20:16 PM »
Dan-the reason the pool needed to buy 40 tickets is obvious.  Because otherwise naphtali is just buying a ticket himself and wouldn't even bother collecting the 5 cents, and then why is he sharing it with us.

The reason to join a pool is that it's fun, and its an excuse to buy another ticket. I'm in 2 pools, and have one ticket myself.  I'd actually most prefer to win my family pool, since then we'd all be rich together.

Offline henche

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Re: Want to remain anonymous, when you win the powerball?
« Reply #313 on: January 13, 2016, 09:20:56 PM »
Doesn't help much for money to invest now. Also, considering that you can sell them now at a premium your current rate of return is less because future earnings have now become a portion of face value.

plus you could realize that at capital gains rates, can't you?

Offline aj26

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Re: Want to remain anonymous, when you win the powerball?
« Reply #314 on: January 13, 2016, 09:23:57 PM »
My understanding is you can't sell series ee bonds