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Tax Free Dollar Lotto Is Big Again

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Chewie

Euro Millions has hit the $40M mark for Friday, the 4th. Forty Million Dollars and a European vacation, all on the same jet flight. Just need the right combination. Any one planning on waiting until the last minute to buy tickets?

anonymous77's avatar - moon
anonymous77

Euro Millions has hit the $40M mark for Friday, the 4th. Forty Million Dollars and a European vacation, all on the same jet flight. Just need the right combination. Any one planning on waiting until the last minute to buy tickets?

Chewie,

Sounds very good to me. I hope that sooner or later you, or any member here, hit a big one in Euro Millions and go on a wonderful vacation to Europe while collecting all the cash.

I usually pay attention to the game when it comes over $40M or so,
which would be more than sweet for those reasons you nicely put.

Here are 4 lines of my challenging numbers with 4 Lucky Stars
till this run is over.

<5-numbers>
2, 19, 34, 42, 49
3, 11, 18, 19, 50
1, 14, 28, 31, 42
4, 11, 35, 42, 50

<Lucky Stars>
6-7-3-1

Todd's avatar - Cylon 2.gif
Todd

Euro Millions has hit the $40M mark for Friday, the 4th. Forty Million Dollars and a European vacation, all on the same jet flight. Just need the right combination. Any one planning on waiting until the last minute to buy tickets?

I totally agree Chewie.  Euro Millions is really one of the best games in the world and is largely unknown to many in the USA.  Anyone who gets scared by the higher ticket prices of Euro Millions really needs to get over that hurdle, because the benefits of winning it are so tremendous.

(People looking to play should click the Euro Millions link on the left side of the page.)

Can you imagine winning Euro Millions?  You get all cash, with no taxes taken out.  You get the money in Britain, so if you deposit it in a foreign bank you can avoid USA taxes.  (You only get taxed on what comes into the USA.)

That's $40 million -- net -- sitting in an account somewhere.  Anyone want to figure out how much the Powerball jackpot would have to be before you get $40 million net (after taxes) in lump-sum cash?

four4me's avatar - gate1
four4me

I don't know if depositing it in Bank of America European account will generate a tax or not but bank of America has many overseas locations as do the World Bank Financial corporation.

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Chewie

I don't know if depositing it in Bank of America European account will generate a tax or not but bank of America has many overseas locations as do the World Bank Financial corporation.

Banks are "usually" subject to the state they are registered; just like the people working in the are subject to the laws of the host country. It is how international commerce works. I would seriously doubt that the Israel Bank in NYC would be exempt from NYC, NY State, and US Federal laws. You put money in that bank, and you can consider US taxes a given.

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pacattack05

One lump sum......it's a beautiful thing.....

I would also add Australia and Canada, on the list of tax-free cash...lump.

 

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Chewie

Remember, if you don't buy a ticket, you're letting me have the advantage.

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JAG331

EuroMillions is great.  The only downside I see is the once-a-week draw that provides limited history for those of us who like to use such information.  The game has been running since February 2004 and there is a total of 90 drawings.

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Chewie

I mostly go on a quick pick, change if I don't like the sequence selected mentality. Their QP, modified by my "feels good" selection, gets me what I feel confortable with.

anonymous77's avatar - moon
anonymous77

I admit I also have a taste in selecting numbers similar to that of Chewie. Site QPs partly changed by my feel and knowledge, if any.

While I like MM and PB standing at huge jackpot, I think that Euro Millions with 3 or more rollovers can be compared only to UK Lotto 6/49's occasional rollover draws or its once-in-a-while Superdraws, hopefully with an additional rollover, when overall odds and amount of low-tier prizes are taken into consideration. Even when the price is considered, I believe it has excellent value per dollar paid.

It leads me to make a personal conclusion that Euro Millions at $41M has more value than even Mega Millions at its current $165M annuity, unless one can buy MM ticket(s) locally.

(I assumed that one half of EM winnings is brought back into one's own country, in which case 18% tax rate should be applied-one half of maximum US tax bracket, 35%)

 

Good luck to anyone that plays Euro Millions for this Friday!

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Chewie

Why bring it back into the country? Part of the incentive to bet is that it is tax free - if you keep it out of the country. You can bet, if you win, the US Treasury is going to be searching your account until the end of time - just to nail you, if you bring it back.

I've travelled pretty much all of the world, and one thing is common - m-o-n-e-y. I could be very happy in a multitude of country's, visiting "Didney World" when the urge hits me. Sales tax on a luxury trip wouldn't bother me a bit.  My only problem would be getting an EU Passport, but I image that can be made to happen.

Knowing my 38%+ of multi-millions would go towards Ted "the swimmer" Kennedy's government paycheck would, however, upset me very much.

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Chewie

Good news: Received email from PTS saying I had won something.

Bad News: Inside the email was a notice that the Euro Millions jackpot rolled to $52M

Good news: I can now try for $52M tax free.

Bad News: I didn't win enough to cover the minimum bet.

BaristaExpress's avatar - BaristaExpressMX zpsfb0d8b5d.png
BaristaExpress

Damn Chewie, as I see it, something back is better than nothing or a kick a in the teeth!

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Chewie

You are correct. BTW, PTS is not working again; will not accept credit cards. Been down almost 24-hours. They say they are looking for a new credit card pardner.

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