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Not that I play with any regularity, but here is my idea...
Before claiming the ticket, I would form a non-profit, charitable corp, and then fund the non-profit with the Lotto proceeds.
I think that would eliminate the taxes on the winnings.
From that point, it becomes simple non profit exploitation:
I become the Chairman at some ridiculous salary. My wife, children and close friends become paid members of the Board. Our charter would require all members of the board to attend the two meetings of the corp each year. These meetings would be held at various locales of interest to the charitable purposes of the Corp--places, like New York, Palm Springs,London, Paris, Mardrid, Barbados, etc, and, of course, all the expenses involved would be paid by the corp. The purpose of the meetings would be to allocate the disbursement of the charitable funds, which would probably be small in comparison to the administrative overhead, but oh well, thats how it works.
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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags
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