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The First-Ever Lottery Jackpot Richer Than Mitt Romney
ABC News via Yahoo! News ^ | March 30, 2012 | by Amber Porter

Posted on 03/30/2012 8:58:25 AM PDT by Oldeconomybuyer

The lottery drawing tonight might make someone very rich and – for the first time ever for a lottery – richer than Mitt Romney.

Sure, a few jackpot totals have been greater than Romney’s estimated worth of $250 million, but after various taxes, no cash payout has ever topped his wealth. Tonight’s cash option of an estimated $398.8 million would place some lucky person far above the Romneys on the list of Very Rich Americans.

There’s lots of advice being given today on what to do with all that money if you win, but Mitt Romney might have a few good recommendations:

- Install a car elevator for your beach house and hire a personal lobbyist to help push plans through for approval;

- Befriend NASCAR and NFL team owners;

- Own a couple of Cadillacs.

And then there’s the sage advice from wife Ann, which is to not even consider yourself wealthy.

Maybe the most valuable piece of advice he could offer is to stay rich by spending other people’s money, not your own.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: 99percent; election2012; journalism; media4obama; mediabias; mediamalpractice; romney
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To: Oldeconomybuyer
If they want to politicize the lotto, maybe they should mention how many minutes it takes the government to spend the mega millions or that 32,000 mega millions would be needed to pay off the national debt.
21 posted on 03/30/2012 9:51:42 AM PDT by NavyCanDo (You can take an idiot out of Chicago, but you can’t take the Chicago out of an idiot!)
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To: DManA

22 posted on 03/30/2012 10:03:55 AM PDT by Gil4 (Sometimes it's not low self-esteem - it's just accurate self-assessment.)
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To: Gil4
http://www.megamillions.com/
$640 M, cash payout $462 M
23 posted on 03/30/2012 10:06:07 AM PDT by BigEdLB (Now there ARE 1,000,000 regrets - but it may be too late.)
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To: proxy_user

California - No State Income tax on Lottery Winnings from California -


24 posted on 03/30/2012 10:07:37 AM PDT by BigEdLB (Now there ARE 1,000,000 regrets - but it may be too late.)
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To: dupree
Yes I figured the article was about that. I just spent an hour in the salon and CNN was on. It is a channel for retards. They were making jokes out what Obama promised the Russians and the rest of the news was about the stupid lottery. You would never know our country is in it's demise.
25 posted on 03/30/2012 10:10:37 AM PDT by angcat (PLEASE GOD SAVE OUR COUNTRY!)
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To: Oldeconomybuyer

” but after various taxes, no cash payout has ever topped his wealth. Tonight’s cash option of an estimated $398.8 million “

Not only is the article very biased, but it is also written in ignorance. The cash option is pre-tax.....The $398.8 mentioned will still be taxxed as income by th estate and feds!


26 posted on 03/30/2012 10:35:58 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: Oldeconomybuyer

First ever lottery richer than Solyndra loan blown


27 posted on 03/30/2012 10:51:02 AM PDT by nhwingut (Sarah Palin 12... No One Else (Maybe Tim Thomas))
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To: BigEdLB

Those that apply to this multi-state lottery, or just for the California lottery?


28 posted on 03/30/2012 11:05:13 AM PDT by proxy_user
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To: dupree

For cheap shots and envy of those who work hard for their money you don’t have to look further than this website. Unfortunately.


29 posted on 03/30/2012 11:09:27 AM PDT by ladyjane
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Was working near a state that sells them, and bought a few yesterday (never buy them, but what the hell). If I win, I will pay off both of my houses. But otherwise my lifestyle will change little, I have all I need. I will however make high profile donations to any group liberals hate.


30 posted on 03/30/2012 12:09:24 PM PDT by dsrtsage (One half of all people have below average IQ. In the US the number is 54%)
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To: proxy_user

Multistate lotteries are California income tax exempt if the ticket was bought through the California Lottery system.


31 posted on 03/30/2012 12:15:55 PM PDT by BigEdLB (Now there ARE 1,000,000 regrets - but it may be too late.)
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To: Oldeconomybuyer

If I win I am going to send a few cool million to Newt.


32 posted on 03/30/2012 12:17:09 PM PDT by GraceG
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