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 Message Boards » » I think I'm going to pay my first Ignorance Tax Page [1]  
arcgreek
All American
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I"M GOING TO PLAY THE POWERBALL!!!

So if you were to hit (49 mil) what would you do w/ it?

4/22/2009 8:00:30 PM

Tarun
almost
11687 Posts
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nvm

[Edited on April 22, 2009 at 8:02 PM. Reason : first!!!]

4/22/2009 8:01:06 PM

mildew
Drunk yet Orderly
14177 Posts
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2 chicks at once

4/22/2009 8:07:46 PM

Spontaneous
All American
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Donate 90% of it and go to college for the rest of my life.

4/22/2009 8:08:42 PM

NeuseRvrRat
hello Mr. NSA!
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i would fish a lot

4/22/2009 8:08:54 PM

arcgreek
All American
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I'd take a lump sum, put it in mostly low risk stuff, and buy a boat--to see the world on.

4/22/2009 8:10:29 PM

hershculez
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Give 10 mil to my parents. 1 mil to each of my siblings. Donate 8. Invest 10. Spend the other 19 on a chain of bars, a couple houses, cars, and other cool stuff.

4/22/2009 8:11:07 PM

JeffreyBSG
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I'd carry shitloads of cash on me, and when I saw a girl I really wanted to fuck, I'd offer her larger and larger sums until she agreed to come back to my place and fuck me

4/22/2009 9:02:08 PM

ncsuapex
SpaceForRent
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I would probably do ^ that as well.

4/22/2009 9:03:17 PM

khcadwal
All American
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i've never played powerball and probably never will.

i did win 15 dollars from a scratch off once. wahooo.

4/22/2009 9:04:38 PM

JBaz
All American
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invest in Zeppelins, I heard they should take off and kill off the Automotive industry.

4/22/2009 9:05:17 PM

d7freestyler
Sup, Brahms
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pay off my debts (including house), give some to my mother and sister, and vacation for 6 months or so before settling into a normal lifestyle - while working - and live a comfortable life off the interest.

^ only if the automotive industry was on them... ZING!!!
`

[Edited on April 22, 2009 at 9:06 PM. Reason : k]

4/22/2009 9:05:35 PM

Mindstorm
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Y'all remember how ridiculous taxes are on that shit. It's 40-60% or something. Of course, 25 million is still a hell of a lot of money, but it still changes some things.

As for myself, I'd probably give a lot to my parents and family (maybe a million each), keep two million or so for myself, and then I'd donate the rest to the JDRF so that kids don't have to put up with this stupid shit every day.

As for my two million, I'd probably just invest it in different things and see how much of a return I could get on that money over the years, form a small estate, and pass it on to my kids/relatives/all of my closely related family to use/share/invest as I had. I'd like it if I could start generating wealth that my family could use in future generations so my kids and my kids' kids and so on could live a better life. If I won the lottery, though, I wouldn't want to keep all the money. Given the life I live now, I wouldn't want to have that much money sitting around and I wouldn't want to spend it all on stupid shit like cars and mansions.

4/22/2009 9:07:53 PM

arcgreek
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you would seriously give away the majority of it???



[Edited on April 22, 2009 at 9:16 PM. Reason : 2 mil isn't shit (to keep for yourself)]

[Edited on April 22, 2009 at 9:17 PM. Reason : having wealth doesn't lend to frivilous spending]

4/22/2009 9:16:08 PM

Spontaneous
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I know I would.

Not that I would ever win the Powerball Lottery Jackpot.

[Edited on April 22, 2009 at 9:21 PM. Reason : a]

4/22/2009 9:20:36 PM

JeffreyBSG
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whenever anybody really pissed me off, I would say "Hey, you want $500?" and hold out a $500 bill

then, when they tried to grab it, I would pull it back, take out my lighter and set it on fire

4/22/2009 9:24:03 PM

d7freestyler
Sup, Brahms
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^LOL

4/22/2009 9:24:30 PM

Spontaneous
All American
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The $500 bill has not been made since the 30's and was not put into major circulation. It was only meant for transactions between banks.

4/22/2009 9:30:16 PM

JeffreyBSG
All American
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then I guess I would have to burn $1000 bills, wouldn't I

4/22/2009 9:40:05 PM

d7freestyler
Sup, Brahms
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or five of these bad boys

4/22/2009 9:41:04 PM

JeffreyBSG
All American
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haha well played

4/22/2009 9:41:32 PM

TKE-Teg
All American
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Quote :
"Give 10 mil to my parents. 1 mil to each of my siblings. Donate 8. Invest 10. Spend the other 19 on a chain of bars, a couple houses, cars, and other cool stuff."


I'm not sure what I'd do about giving money to my parents. Last thing I want to do is get taxed out the ass on winnings, merely to give some to my parents and have it taxed out the ass again

4/22/2009 9:42:53 PM

kiljadn
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I'd buy a big house, but not too big. like a 1-2 Million dollar joint.

I'd set aside 15 million to not be touched without jumping through flaming hoops.

I'd set aside about 10 or so and get into some Angel funding and VC groups.

I'd then proceed to ball out of control.

4/22/2009 9:45:37 PM

ThePeter
TWW CHAMPION
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^^Just buy shit for them

[Edited on April 22, 2009 at 9:47 PM. Reason : ^]

4/22/2009 9:47:09 PM

NeuseRvrRat
hello Mr. NSA!
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i'd buy every bit of land around holt's pond and only me and my buddies could fish it. we'd have a idle-up bar on a dock operated by johnston county's finest women.




just kidding, y'all know i wouldn't fuck with freshwater when i had money like that

4/22/2009 9:48:46 PM

Mindstorm
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Quote :
"you would seriously give away the majority of it???"


Absolutely. The JDRF is a cause above myself and money is an evil thing. I want enough money to live a comfortable middle class life and with enough extra to donate or invest as I see fit. Winning the lottery would give me a ton of excess money that would just end up with me getting harasssed by people for money. Giving most of what I had away would make me a lot happier knowing I'd be directly funding lots of research into workable cures for Type I diabetes.

Even if I can't be cured, I want it to be so that whenever we catch a kid in the future who has just been diagnosed we can treat and cure that kid so he doesn't have to spend every waking moment of his life wondering if his blood sugars are in check and whether or not he's going to die in his sleep because he relies on a small device powered by a triple A battery to survive.

It also doesn't matter if having wealth doesn't lead to frivolous spending. I do not need that kind of money to survive and there are and always will be more worthy causes out there.

[Edited on April 22, 2009 at 9:54 PM. Reason : ]

4/22/2009 9:49:12 PM

wdprice3
BinaryBuffonary
45912 Posts
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give every person I see the finger while holding $1,000 in the other hand.

4/22/2009 9:50:39 PM

wwwebsurfer
All American
10217 Posts
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50% for uncle sam
30% safe investments (bonds, etc.)
10% to open a restaurant chain & grow current business
5% to parentals & siblings
5% straight new house & cars. Several cars. All stock except seat headrests would have to be embroidered with my company logo or name or something. Some childish dream I've always held on to I guess.

Oh, and the vast majority of interest would be put into a separate account that I'd give the total of away each year. This would be my full time employment, handing out roughly 1.5M per year to worthy grass-roots local type causes.

4/22/2009 9:53:55 PM

Big4Country
All American
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I would pay off my Lifetime seats for football, buy lifetime seats for basketball, buy a house, finish the NCSU bell tower, attend every FIFA World Cup until I die.

4/22/2009 10:21:46 PM

BJCaudill21
Not an alcoholic
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just look at it as a donation to public schools. write it off later.

i'd probably hire a lawyer and accountant or whatever. let them do their tax stuff. then buy a house, pay off my bills, pay my parents bills, buy my brother a house, pay my other brothers house, pay my sisters house, buy them all a car..

then go out to bars every night and blow it all in a few years on jager bombs for my friends and anybody else near me.

4/22/2009 10:25:55 PM

CalledToArms
All American
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first and foremost I would build a house with a top notch recording studio inside so I could focus on writing and recording music the rest of my life

after that I haven't really thought it through much, but i've put a lot of thought into that first goal haha.

4/22/2009 11:07:56 PM

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