@Thucydides You mean the biggest douch-bag since Khafra.

Euromillions prizes are tax free.

Not in the US.

oh man, in the US you lose at least a third of it.

Try greater than 50%.

And remember that if you are going to give some of your lottery money to family etc...you will pay tax on it UNLESS you have them signed up to a syndicate, in which case its tax free to them as well!

And if i win, im paying for everyone on this site to come to London so we can have a huge face to face tournament. It will of course include everything so just bring your speedo's!

You don't want to see me in a speedo.

Hehe, how do you know? I might like that sort of thing!

I don't know who to feel sorry for it that's the case me or you.

@warsprite - you won't lose more than 50% in taxes. 35% is, I believe, the maximum federal tax and even when you add state and local, you barely start to approach 50% in most states. Now California may be different as we all know they tax their populace to death.

Are there not additional taxes for wind fall profit or some such?

No. This isn't capital gains.

http://davidwier.com/powerball.aspx

For $100 million:

Lump Sum :
(approx) $54,047,620.00 / $38,914,286.00 (after 28% tax)

Per Year ( 1 initial pymt and equal pymts for 29 additional years (Powerball) ) :
(approx) $3,333,333.00 / $2,400,000.00 (after 28% tax)

Ok. I thought I heard something back in the 90s about some additional tax for lotto winners. I'll let you know if your correct when I win.;)

What you need to be careful of is it puts you in the highest bracket, so you'll have to pay additional on your income from your job.

You'd still qualify for child benefit though :)

Assuming you have kids. Have enough and you also qualify for Head of Household I think.

1 ) Get some fucking high-quality education.
2 ) Start a potential business small, gradually make it fucking huge.
3 ) Go world-wide.
4 ) IF I succeed, create a bank.
5 ) Create more potential businesses.
6 ) Same plan. make bank bigger, make agreements with other fucking huge banks.
7 ) Hire a shitload of mercenaries, make them loyal to me.
8 ) Make my own country.
9 ) Make simple laws.
10 ) Create a super computer. Then put a few people to work with the super computer. Damn computer becomes government, and the workers make the choices, from the data coming from the super computer.
11 ) Make my own fucking language. Everyone will learn it.
12 ) Make more businesses.
13 ) Marry a fucking beautiful wife.
14 ) Have some kids. My kids become ruler of my country.
15 ) Retirement. At like age 50.
16 ) With my continuously saved money, in my own personal storage, create a Furball prize. A prize which promotes peace and development to the world.
17 ) Join the special force squad of my country. Preserve world order. Train the best assassins, and take out dangerous threats in preserving peace.
18 ) Force peace upon those countries who can't find peace.
19 ) Invade the world till I die.

I would probably remain anonymous and just hire people to make sure Furball never wins Euromillions.

I hope those aren't in chronological order...

Probably a good idea that they are...

@Warpsite...you cant be that bad???

I would start my own record label. Now that would be awesome.

90 percent of it, I'd spend on drugs, women, and cards. The rest, I'd probably just waste.

@BigZombieDude Not really mostly middle-age spread.

give evrything to charity

2 words:

Poker pro!

Add on a Brew Pub to my list. It's fun making your own brew and having a pub to show off your latest creation would be great.

George best said he spent his fortune on drink, drugs and women...and the rest he wasted!! Love it. Might have to consider that myself :)

Well, for starters I'd hop right on this site and post a thread proclaiming my win and asking how much that is in American...

And then, realizing America is about to go nuts (even MORE SO) with elections in a month and the economy and integrity of much of the nation shot to hell I'd likely take the dough and by an apartment in NYC and in London, so I can live in the two cities I've always wanted to, be close to both my beloved Mets and to...well, freaking London, not to mention Broadway AND the West End (and so finally some DECENT theatre...not even counting the Metropolitan Opera House!) and so if America went too nutty I could escape to England, and if England happened to sink into the sea because...I dunno, the French just decided to grow a pair and launched a sneak attack, at least I'd stioll have a flat in NYC (and yep, that paragraph probably made no sense but hey, it's 4:30am here, and I'm on a huge caffeine rush to stay awake as I finally finished a part of my book I've been trying to hammer out for days, so that's that, don't bother me, I'm rich, rich with...with whatever that is in American, unless I moved to England in which case it's that amount, so there!) :p