Black Man from Brooklyn wins $298M Powerball Lottery and immediately quits his job

[MJ Truth]

Shieeeeet fukk that. I dont know about you but I'm coppin a small island somewhere with a landing strip. Then I'll be flying in IG hoes in my private jet. No clothes allowed on my island.

You would be out of money in ten years breh.

 

[King Frost]

A trust allows anonymity

No, only six states allow anonymity

states such as NY, NJ & FL still identify the actual ticket buyers even if you claim in a TRUST

However, jackpot winners are required to identify themselves to the lottery and, in turn, state law requires the Lottery to make the winner's name available for anyone who asks for it. That makes their identity public.

The lottery website asks and answers the question point blank: Can Lottery winners remain anonymous? No.

You also pay higher taxes for trusts

A blind trust is a type of irrevocable living trust in which the trustee has full authority to invest trust assets, and the trust beneficiary has no right to know what property is owned by the trust. Lottery winners sometimes use them because they help avoid many of the problems that come with winning a large lottery prize.

Be aware, however, that by setting up an irrevocable trust, you may permanently lose control over its assets in favor of the trustee

If you're of sound mind, why would you give up control of the money? just so your name doesnt show? you do know you can change your name right?

 

[qwasi]

The drawing for the $298.3 million jackpot and has already quit his job to start enjoying an early retirement.

He opted to take a single lump sum payment of $180,227,550 which equals $114,091,248 after taxes.

298.3 - 114.09 = 184.21.

 

[BigMoneyGrip]

 

[King Frost]

coli accountants, since that man pocketed 114 how much is the interest from that a month?

Anywhere between 0.10% to 0.85% APY

 

[Chrishaune]

Definitely can't stay where you're at. When you get that type of money just get out of the country for a few months. Put some money overseas too. Carribean, Sweden, Asia, wherever.

 

[UberEatsDriver]

Dude said he’s buying a house in Brooklyn. with all the jealous people around Brooklyn would be The last place I’d buy a home. If he loves his home he could easily buy a house in Long Island, Connecticut, PA or Jersey.

 

[Hugs]

Kenan might spoof this on snl

writer's room is too white

 

[Hugs]

Dude said he’s buying a house in Brooklyn. with all the jealous people around Brooklyn would be The last place I’d buy a home. If he loves his home he could easily buy a house in Long Island, Connecticut, PA or Jersey.

Stamford is beautiful and close enough to Brooklyn to hire a driver

 

[NinoBrown]

He will need to hire security, too many goons out there....

 

[Gyasi85]

Good decision plus bad decision

I wouldn't park any kind of Porsche in Brooklyn(I'm assuming he's in flatbush with that accent)

I would move out of BKLYN tha SAME week. As others have said I would have on a mask and not say a word.

Spread Love its the Brooklyn Way

 

[Azul]

Dude said he’s buying a house in Brooklyn. with all the jealous people around Brooklyn would be The last place I’d buy a home. If he loves his home he could easily buy a house in Long Island, Connecticut, PA or Jersey.

 

[GunRanger]

Dude said he’s buying a house in Brooklyn. with all the jealous people around Brooklyn would be The last place I’d buy a home. If he loves his home he could easily buy a house in Long Island, Connecticut, PA or Jersey.

Theres plenty of places in brooklyn to be rich and safe

 

[Big Boss]

 

[UberEatsDriver]

Theres plenty of places in brooklyn to be rich and safe

Interesting. Where? I figured the only place is the deep ends of Mill Basin.