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-   Vancouver Off-Topic / Current Events (https://www.revscene.net/forums/vancouver-off-topic-current-events_50/)
-   -   BC 50 Million Lotto Max Mystery... (https://www.revscene.net/forums/703080-bc-50-million-lotto-max-mystery.html)

GLOW 04-28-2015 09:07 AM
i'm safe. they can look my name up in the phone book there's probably a hundred with my name :lol

InvisibleSoul 04-28-2015 09:57 AM
Quote:
Originally Posted by FunkyColdMedina (Post 8630463)
Personally, as Soundy said above... I would have no problem forfeiting half my jackpot (whatever it is) in order to stay anonymous.

$25 mil is a small price to pay to be left alone.... just ask all the people who got addicted to drugs, alcohol, or even killed themselves because of fame.
Unless you pretty much don't change your lifestyle whatsoever with the $25M, which kind of defeats the purpose of having that much money, chances are people will eventually figure it out anyway.

I'll take the full $50M and deal with it.

Ulic Qel-Droma 04-28-2015 10:08 AM
lol i would totally just deal with it.

i wouldnt loan people money. i would just be an ass about it.

i would just go on vacation for a year and like... go do my own shit. why would these people affect you anyway?

if anything the big payout is actually lifting a curtain on everyone's fake ass personalities, revealing their true nature.

if u have 50 million and you have to hide... you don't know how to use money.

lol. who says you even have to stay in vancouver.

ditch the losers that try to leech off you and find other people with similar wealth, and they won't give a shit about your bank roll.

ree666 04-28-2015 10:19 AM
You already get less than half the 50 mill when claim the money upfront

murd0c 04-28-2015 10:52 AM
Quote:
Originally Posted by ree666 (Post 8630563)
You already get less than half the 50 mill when claim the money upfront
You don't lose any money in Canada since they don't tax on lottery winnings

MarkyMark 04-28-2015 10:53 AM
Quote:
Originally Posted by ree666 (Post 8630563)
You already get less than half the 50 mill when claim the money upfront
:suspicious:

vitaminG 04-28-2015 11:24 AM
Quote:
Originally Posted by murd0c (Post 8630576)
You don't lose any money in Canada since they don't tax on lottery winnings
i think hes referring to an annuity as opposed to a lump sum. i dont think the 6/49 is an annuity so it wouldnt apply

Manic! 04-28-2015 12:48 PM
Lotto in Canada is a lump sum.

Soundy 04-28-2015 05:11 PM
Quote:
Originally Posted by Manic! (Post 8630606)
Lotto in Canada is a lump sum.
Other than the "Set For Life", this is correct - lottery winnings fall under "windfall" exemption from income taxes.

Of course if you decide to just stick it in the bank and live off the interest, that interest is taxed.

quasi 04-28-2015 05:14 PM
In the US they take half, here you get it all. I'm sure one day the Govt. will decide it can help balance the budget by taxing jackpots and make it a reality.

Hehe 04-28-2015 05:57 PM
I think by having to announce the name, the whole lottery thing has a lot more accountability and allow the public to know the game isn't rigged.

If they never release any names, then there's never a way to verify if indeed a real person has claim the price. That's the case with lottery in Taiwan. News always come up with some fancy story about lottery winners, but the fact is, no one ever know any lottery winner.

PeanutButter 04-28-2015 11:00 PM
Quote:
Originally Posted by Timpo (Post 8630324)
Well it's not that, you should just google search lottery winners aftermath.

Lottery will not make you happy. You will not trust your friends anymore.
The new people, new coworkers, new girls you meet, you would wonder if they want to hang out with you because you got muti-million $.

They even have lottery winners' club(or association) where lottery winners become friend with other lottery winners. So that you know they are not approaching you for cash. Lottery winners have serious problem trusting people and making new friends.

Nobody remembers last lottery winner because you probably didn't know them, if you did, you would remember them. You win a lottery and buy your P1 and Veyron, people are gonna look at you like a loser.

Whereas if you're CEO of something and earned your money, well that would be different.

People will look down upon lottery winners, it's just a fact. I believe AMEX won't even let lottery winners have their Black Card since they lack social status.

And internet will remember you forever so new people you meet can search your name and find out too.
FYI, a donkey can get a black card if it pays it's annual fee.
The black card isn't so private anymore.

PeanutButter 04-28-2015 11:02 PM
Quote:
Originally Posted by ree666 (Post 8630563)
You already get less than half the 50 mill when claim the money upfront
Do you even pay tax? Even the highest tax bracket doesn't give more than 47.xx%

will068 04-28-2015 11:04 PM
Quote:
Originally Posted by quasi (Post 8630721)
In the US they take half, here you get it all. I'm sure one day the Govt. will decide it can help balance the budget by taxing jackpots and make it a reality.
The jackpots are potentially bigger though (e.g. state powerball lottos) .

Then again, what a nice problem to have.

ree666 04-28-2015 11:59 PM
Quote:
Originally Posted by PeanutButter (Post 8630885)
Do you even pay tax? Even the highest tax bracket doesn't give more than 47.xx%
Wasn't referring to tax. Lump sum vs multiple payouts

mr_chin 04-29-2015 01:46 AM
If you shove all $50 mill into a TFSA at 2.2%, would you be getting $1.1 mill yearly. That's $91.6k a month... lol?

StylinRed 04-29-2015 03:08 AM
Im curious if the ticket isn't the winners...or if the ticket should be a shared winning and the claimant is trying to hide that fact

roopi 04-29-2015 08:18 AM
Quote:
Originally Posted by mr_chin (Post 8630917)
If you shove all $50 mill into a TFSA at 2.2%, would you be getting $1.1 mill yearly. That's $91.6k a month... lol?
And how long would it take until you have $50 million in contribution space for a TFSA when it is $about $5500-$6000 a year?

mr_chin 04-29-2015 08:21 AM
Quote:
Originally Posted by roopi (Post 8630954)
And how long would it take until you have $50 million in contribution space for a TFSA when it is $about $5500-$6000 a year?
oh yea lol.

murd0c 04-29-2015 08:26 AM
Quote:
Originally Posted by ree666 (Post 8630903)
Wasn't referring to tax. Lump sum vs multiple payouts
and being in Canada Set For Life is the only lottery that's has that. Lotto Max, 6/49 you get 100% of the cash right away.

jackmeister 04-29-2015 09:31 AM
Quote:
Originally Posted by murd0c (Post 8630957)
and being in Canada Set For Life is the only lottery that's has that. Lotto Max, 6/49 you get 100% of the cash right away.
Whats the point of marketing lotto max at 50m when in fact you only get around 37m?

always thought theres an option, like 2m a year over 25 years vs approx 37m upfront

murd0c 04-29-2015 09:39 AM
Quote:
Originally Posted by jackmeister (Post 8630974)
Whats the point of marketing lotto max at 50m when in fact you only get around 37m?

always thought theres an option, like 2m a year over 25 years vs approx 37m upfront
Where did you get 37m from?

RiceIntegraRS 04-29-2015 10:33 AM
Quote:
Originally Posted by GLOW (Post 8630534)
i'm safe. they can look my name up in the phone book there's probably a hundred with my name :lol
or like asians, have a legal asian name and a completty differet white name

roopi 04-29-2015 02:03 PM
Quote:
Originally Posted by jackmeister (Post 8630974)
Whats the point of marketing lotto max at 50m when in fact you only get around 37m?

always thought theres an option, like 2m a year over 25 years vs approx 37m upfront
Don't think that's how it works. You get the entire sum up front.

HonestTea 04-29-2015 03:08 PM
Quote:
Originally Posted by StylinRed (Post 8630925)
Im curious if the ticket isn't the winners...or if the ticket should be a shared winning and the claimant is trying to hide that fact
Would be crazy if that was the case lol


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