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Quinta das Amoras, Vinho Tinto 2009
Mauro Molino, Barbera d'Alba 2009
Garda Chiaretto Rose
Columbia Crest, Two Vines Vineyard 10 White
Chateau Ste. Michelle, Pinot Gris, Columbia Valley 2009
L'Hortus, Rose de Saignee 2010
Maculan, Pino & Toi 2008
McKinley Springs, Bombing Range Red 2008
Trader Joe's Pinot Gris 2009
Montes Alpha, Cabernet 2007
Gran Sasso, Sangiovese, Terre di Chieti 2009
Garda, Classico Chiaretto Rose
Beaulieu, Cabernet, Rutherford 1999
Picos del Montgo, Tempranillo 2008
Chateau de Montmirail, Vacqueyras 2008
La Granja 360, Syrah 2009
Montgras, Carmenere Reserva 2009
Lange, Pinot Gris 2009
Columbia Crest, Horse Heaven Hills Cabernet 2008
Kirkland, Pinot Grigio 2010
Trader Joe's Coastal Syrah 2009
Columbia Crest, Horse Heaven Hills Merlot 2008
Trader Joe's Coastal Chardonnay 2009
Vieux Papes Red
Domaine de l'Aujardiere, Chardonnay 2009
Santa Rita, Cabernet, Medalla Real 2007
Penfold's, Koonunga Hill Shiraz Cabernet 2008
Guild, Red, Lot #02 2008
Dievole, Dievolino Sangiovese 2008
Laforet, Burgogne Chardonnay 2009
Columbia Winery, Merlot 2007
Bonterra, Cabernet 2008
Elk Cove, Pinot Gris 2009
Maquis Lien 2006
Scott Paul, Pinot Noir, Le Paulee 2007
Cameron, Chardonnay
B.R. Cohn, Cabernet, Silver Label 2006
Graffigna, Cabernet 2005
Palo Alto, Reserve Red 2008
Menguante, Garnacha 2008
Lange, Pinot Gris 2009
Felsina Berardenga, Vin Santo 1997
Anne Amie, Pinot Gris 2009
McKinley Springs, Bombing Ramge Red 2007
Vieux Papes Red
Dionysius Chardonnay 2009
Haden Fig, Pinot Noir 2009
Vega Montan, Mencia 2008
Chateau la Vernede, Coteaux du Languedoc 2007
Mount Defiance, Hellfire (White) 2008
Root: 1, Cabernet 2008
Columbia Crest, Two Vines Pinot Grigio 2009
Columbia Crest, Two Vines, Vineyard 10 White, 2008
Columbia Crest, Two Vines, Vineyard 10 Rose, 2007
Abacela, Grenache Rose 2009
Avia Cabernet 2004
Lemelson Pinot Noir, Thea's Selection 2007
Chateau de la Roulerie, Rose d'Anjou 2009
Casal Garcia, Vinho Verde Rose
La Ferme Julien, Rose 2008
Cana's Feast, Bricco Red, 2006
Hogue, Genesis Merlot, 2008
Owen Roe, Sharecropper's Cabernet, 2008
Kim Crawford, Unoaked Chardonnay 2008
J. Scott, Pinot Noir 2008
Edmunds St. John, White, Heart of Gold 2008
Columbia Crest, Walter Clore Private Reserve 2006
Stevenot, Cabernet, Sierra Foothills, "Stanford" 2000
Portuga, Vinho Rose 2009
Taylor Fladgate, First Estate Reserve Porto
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E. Guigal, Cotes du Rhone Blanc, 2007
Edmunds St. John, Bone-Jolly, Gamay Noir 2008
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Chateau Ste. Michelle, Merlot, Indian Wells 2007
Charles Shaw, Chardonnay 2008
Edmunds St. John, Bone-Jolly, Gamay Rosé 2009
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Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
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Miles run year to date: 54
At this date last year: 50
Total run in 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269
Comments (11)
It's just arithmetic, but it's entertaining to contemplate the choice between the 30-year annuity and the lump-sum payout. Federal taxes probably are not going to be any lower than they are now; but this could be a good time for a retroactive move to Vancouver.
Posted by Allan L. | March 19, 2007 7:27 AM
Since you have a choice (made after you've already won) to take either the lump sum or the annuity, I would think that you would be taxed (via the doctrine of "constructive receipt") on the lump sum as soon as you win, even if you take the annuity. If that's true, it's too late to move to the 'Couv.
And query, even if you lived in the 'Couv, whether Oregon would consider it Oregon-source income since the winner purchased the ticket in Oregon.
Posted by Jack Bog | March 19, 2007 7:44 AM
Interesting point about Oregon source income.
At one time Oregon attempted to levy income taxes on railroad employees, for that portion of the wages they earned, while the train that they were working on was in Oregon.
Posted by James J | March 19, 2007 8:30 AM
Maybe it's just me, but it's hard to imagine that I'd give a crap about the magnitude of the tax losses. Even if taxes took 80% of $180 million in paper winnings, I like to think I'd be content with the $36 million I took home.
Gift horses, ya know.
Posted by Alan DeWitt | March 19, 2007 12:15 PM
Yeah, but, after taxes, your gift horse might be lame.
Posted by rr | March 19, 2007 2:09 PM
The tax question is interesting in terms of how big a jackpot you'd have to win in order to quit working and live a life of luxury. Certainly $182 million qualifies, but what about a regular old Megabucks jackpot?
According to the Oregonian, the $182 million equates to an $88 million lump sum (and I have to assume that's before taxes, because I think lump sum payouts are generally less than 50% of the total). So total after taxes (35% federal plus 9% state) is right about $50 million, or about 27.5% of the total jackpot.
If those figures are anywhere close to accurate, a $2 million Megabucks jackpot would equate to $550,000 into the bank account at the end of the day. That would be great, but is it enough to fundamentally change your life? I'm not even sure it would buy a nice condo in the Pearl.
Posted by Miles | March 19, 2007 2:31 PM
$4M pre-tax per year (the annuity option) would pay the rent, at least for the next few years. Jack's point on constructive receipt above notwithstanding, I'm guessing the lottery folks have found a way (as the pension folks do) to give the lump-sum choice without triggering constructive receipt. Surely they want their winners to take the yearly payments so that they can keep the Ponzi thing going for a while.
Posted by Allan L. | March 19, 2007 3:28 PM
"Yeah, but, after taxes, your gift horse might be lame."
If $36 million represents a lame horse, then I guess what I have now is basically a quadriplegic mouse.
Posted by Alan DeWitt | March 19, 2007 4:07 PM
Alan,
Against my better judgement, I'll refrain from any comment on your pets.
Posted by rr | March 19, 2007 7:17 PM
Well today they finally announced the winner.
Gannon, who learned the news Sunday morning, said he plans to travel.
"We have children all over the United States, and I've been interested in going to Ireland," he said in an Oregon Lottery news release.
It's not clear if he plans to quit his job at PGE, where he has worked for 35 years.
Not To Be Overlooked: This guy bought the winning ticket on St. Patrick's Day.
Also Not To Be Overlooked: He's going to travel to Ireland.
Posted by got logic? | March 19, 2007 8:18 PM
Surely they want their winners to take the yearly payments so that they can keep the Ponzi thing going for a while.
I doubt that the Lottery folks would maintain continuing primary responsibility under the annuity option (if anyone takes it). I suspect that they would take the $88 million lump sum and go right out and buy a 30-year annuity from an insurance company, for the benefit of the winner. Perhaps for tax reasons, they keep the policy in Lottery's name, but I strongly doubt that they play Ponzi.
Posted by Jack Bog | March 19, 2007 9:02 PM