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Joined: Apr 2007
Posts: 518
Campfire Regular
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Campfire Regular
Joined: Apr 2007
Posts: 518 |
Kill different and exotic critters all over world.
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Joined: Apr 2009
Posts: 33,971
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2009
Posts: 33,971 |
Proud to be a true Sandlapper!!
Go Nats!!!!
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Joined: Oct 2009
Posts: 18,215
Campfire Ranger
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Campfire Ranger
Joined: Oct 2009
Posts: 18,215 |
If you win, are you taking the lump or the annuity?
The annuity would prevent me from blowing it all and becoming another lottery statistic, and would insure that I had income until my death or until I reach my 70's. 31 Mil a year for 29 years would be mighty tempting, instead of the cash payout.
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Joined: Aug 2007
Posts: 115,424 Likes: 13
Campfire Sage
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Campfire Sage
Joined: Aug 2007
Posts: 115,424 Likes: 13 |
If I win I advise you all to buy stock in cocaine. And guns.
Hint.
GFY.
Clark
Trump being classless,tasteless and clueless as usual. Sorry, trump is a no tax payin pile of shiit. My young wife decided to play the field and had moved several dudes into my house
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Joined: Oct 2015
Posts: 204
Campfire Member
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Campfire Member
Joined: Oct 2015
Posts: 204 |
I would give half of it to my wife and probably some more to her attorney (even though she doesn't buy the dang things) and then spend the rest of it hiding from her and relatives on both sides who would be trying to kill me to get the remaining cash.
Needless to say, I'd take the lump sum as I probably wouldn't live long enough to spend it all...
Last edited by Uglydog2; 01/09/16.
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Joined: Aug 2007
Posts: 115,424 Likes: 13
Campfire Sage
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Campfire Sage
Joined: Aug 2007
Posts: 115,424 Likes: 13 |
I would give half of it to my wife and probably some more to her attorney (even though she doesn't buy the dang things) and then spend the rest of it hiding from her and relatives on both sides who would be trying to kill me to get the remaining cash.
Needless to say, I'd take the lump sum as I probably wouldn't live long enough to spend it all... Sounds like a happy relationship you got going there. Dave
Trump being classless,tasteless and clueless as usual. Sorry, trump is a no tax payin pile of shiit. My young wife decided to play the field and had moved several dudes into my house
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Joined: May 2001
Posts: 18,345 Likes: 1
Campfire Ranger
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OP
Campfire Ranger
Joined: May 2001
Posts: 18,345 Likes: 1 |
Carpe' Scrotum
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Joined: Dec 2002
Posts: 32,220
Campfire 'Bwana
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Campfire 'Bwana
Joined: Dec 2002
Posts: 32,220 |
A good first step would to find a GREAT tax attorney who would help shield as much of it as possible from being taxed.
The $900M is reduced by 38%, to $558M, if you take the lump payment, and further reduced by whatever you pay in taxes.
I would set up a charitable trust with 40% of the $558M, $223.2M. That $$ would fund scholarships, churches, and local charities in our home towns, at the colleges where we earned out degrees, and where we own property. With the post-tax balance, I would buy some property that I've had my eyes on and would set up trust accounts for 20 cousins, 11 good friends, and my Wife's brother and mother. No matter how you slice it, if there is 1 winner, he or she will need to find a good leech repellent, 'cause there will be a lot of people hoping to share their good luck.
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Joined: Aug 2014
Posts: 5,033 Likes: 2
Campfire Tracker
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Campfire Tracker
Joined: Aug 2014
Posts: 5,033 Likes: 2 |
Quit my Job. Hire professionals to advise me for taxes, gifts, charities, and safe investment. Then wait a year before any major purchases. During that year I would hunt and fish in some places I've always dreamed of going.
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Joined: Nov 2004
Posts: 21,700 Likes: 3
Campfire Ranger
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Campfire Ranger
Joined: Nov 2004
Posts: 21,700 Likes: 3 |
Not to ruin all the dreams but you will receive $558,000,000 which IRS will take about 60% leaving 223,200,000 to spend. I realize that is a large sum, but no where near the 900 millon advertised. I'd start with 10 million each to Kosair Children's Hospital and St. Jude's. It would be tough to work through the other 203 million, but I'd do my best.
"The number one problem with America is, a whole lot of people need shot, and nobody is shooting them." -Master Chief Hershel Davis
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Joined: Oct 2002
Posts: 96,121 Likes: 1
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 Likes: 1 |
I'd have enough left to ensure I could buy the next big winning ticket.
"Dear Lord, save me from Your followers"
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Joined: Oct 2003
Posts: 3,859
Campfire Tracker
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Campfire Tracker
Joined: Oct 2003
Posts: 3,859 |
Hmmm...Well for starters I'd buy a place in the Yukon and another one somewhere on the ocean where I can go fishing for a few months in the winter.Go travelling for a while,see some of the places we've always wanted to see. Would need a new gun room, for sure. Oh yeah,a boat too. And a plane. And quads. Also a jet boat. Maybe an island, with guard towers complete with machine guns too.
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Joined: Nov 2011
Posts: 69
Campfire Greenhorn
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Campfire Greenhorn
Joined: Nov 2011
Posts: 69 |
Booze, women, and gambling. Will probably blow the rest.
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Joined: Jan 2012
Posts: 9,391
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2012
Posts: 9,391 |
I was just in a U Save market in Montpelior, Id. buying my 2016 hunting license w/wolf and mt. lion tags and there was a ranch couple there buying lottery tickets. I asked them what they were going to do when they won? They stated " buy some cows, a whole bunch of cows".
I love Idaho.
mike r
Don't wish it were easier Wish you were better
Stab them in the taint, you can't put a tourniquet on that. Craig Douglas ECQC
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Joined: Jun 2007
Posts: 14,370
Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2007
Posts: 14,370 |
I changed my strategy a little...got 7 quick pics....a few questions though. #1. Can I use income averaging for the taxes??? #2. If I was to buy 14-15 sections of property & it would be my primary residence, What percent of the price would be deductible??? #3. If I don't post pics of the winning ticket, are ya'll gonna think I'm just a "POSEUR"???
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Joined: Feb 2009
Posts: 11,920
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 11,920 |
By me some new pants,shirts and boots. Set up a fund for the 4 grandkids for when they hit 18. Pay off my kids house's so it will give them some leeway. Have the house fixed up so we wouldn't have any worries. Then think long and hard what type of benefit program to set up,you know to the schools and such that do good things. Then set back and see how many relatives i really do have.
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Joined: Sep 2013
Posts: 2,229
Campfire Regular
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Campfire Regular
Joined: Sep 2013
Posts: 2,229 |
Booze, women, and gambling. Will probably blow the rest. I don't care who ya are that's funny right there...
*Master of random precision*
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Joined: Jan 2009
Posts: 23,319
Campfire Ranger
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Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
Get all of my relatives in Spain a nice house and set them and their children up with a perpetual income (trust) they cannot use up.
Do the same for my children and my grand children here in the states.
Set up a trust in our local church to take care of the widows and orphans in perpetuity. I would also purchase a church building and property in Rota Spain for the local church I helped established back in 1973.
Set up a scholarship fund at my college Alma Mater for the children of military veteran alumni.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
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Joined: Apr 2009
Posts: 33,971
Campfire 'Bwana
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Campfire 'Bwana
Joined: Apr 2009
Posts: 33,971 |
did I win yet? Can't wait to tell blue to GFY Monday.
Proud to be a true Sandlapper!!
Go Nats!!!!
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Joined: Oct 2009
Posts: 18,215
Campfire Ranger
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Campfire Ranger
Joined: Oct 2009
Posts: 18,215 |
A little more than an hour to go till they pick numbers. In the meantime, peruse [b][color:#3333FF]this website[/color][/b] and dream...a small piece of ground, 10,000-20,000 acres might work.
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