Sounds like a rough life, but I'd try it.
Actually, if you take the cash option, you only get 55% of the jackpot, which would be $179M, after taxes you get about $90M. If you take the annuity it's $13M a year, or about $6.5 after taxes.Well, that might not be so easy. Figure $325, lose 1/2, take home $160 mil.
If you earn 2% in T bills, the safest thing you can do, that's $3.2 mil less taxes on that or $1.6 mil a year to spend.
Figure risk capital, as many losers as winners, splurges and so forth. I mean, it can be done and I'd love to try.![]()
So, worst case, $1.6 by 365 days; That's 'only' $133,000 a month or $4,350 a day.
If you buy a mansion, you've got staff, Al Gore spends over $10k a month at this place on electricity alone, cars, drivers, insurance, the place in Manhattan, LA, Rome, etc. The boat. The plane.
Even with that kind of money, you can't go crazy because being rich is expensive.![]()
Actually, if you take the cash option, you only get 55% of the jackpot, which would be $179M, after taxes you get about $90M. If you take the annuity it's $13M a year, or about $6.5 after taxes.
One of the problems in the early days of the lottery was that they weren't taking taxes out of the initial check and when the IRS came for their share, April 15th, it was spent.
Wow! With each new passing bit of legislation and each new taxing implementation and each new increase due to inflation, I'm getting poorer and poorer which means things for me are getting better and better! Thanks Larry! I feel better now!That's right. My bad. See? It gets worser and worser being rich!![]()
Well, that might not be so easy. Figure $325, lose 1/2, take home $160 mil.
If you earn 2% in T bills, the safest thing you can do, that's $3.2 mil less taxes on that or $1.6 mil a year to spend.
Figure risk capital, as many losers as winners, splurges and so forth. I mean, it can be done and I'd love to try.![]()
So, worst case, $1.6 by 365 days; That's 'only' $133,000 a month or $4,350 a day.
If you buy a mansion, you've got staff, Al Gore spends over $10k a month at this place on electricity alone, cars, drivers, insurance, the place in Manhattan, LA, Rome, etc. The boat. The plane.
Even with that kind of money, you can't go crazy because being rich is expensive.![]()
1st things 1st...
Fountain 38LX
Fountain Powerboats - 38 Luxury Edition
Do a living shoreline in front of my house so we can have a private beach.
Buy the house next door
Pay off everything
New truck to haul the boat
Have a draketail built for me
Buy about 75 acres in Southern Anne Arundel County to build my mansion, for when Im up here.
Buy some oceanfront property in Myrtle Beach to build my little condo developement, and let my friends here on SoMd. Online come and a stay a week at a time for free.![]()
By a Hooter's franchise and put locations in California Md., to be managed by Toppick, and another location in Prince Frederick.
For my friend clevalley build a massive firehouse in Bryantown for him and the boy to run.
Dont know what to do about Andy.
Oh by the way I have already bought the winning ticket, but you all can keep buying some, it will make may winnings bigger.![]()
Nuh uh. You're thinking too small. You don't need a new truck to haul a boat. The boat needs to be big enough that it can't be towed. And then live on it. Replace the truck and house with a helo pad on the boat.
danm, Cle he would make you run it too. maybe you should be nicer to him![]()
Here's my non tow able boat...
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I would need some seed money to make it through the first year, somewhere around $20M should do it.![]()
Well, I guess you could use it as a launch to get to the big boat....
Looks nice Kom.
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I would need some seed money to make it through the first year, somewhere around $20M should do it.![]()
:fixed:I love the lines of the old school boats of this area.
The old oyster buyboats
Draketails
Deadrises
Potomac dories
and
Skipjacks
To add to my list:
'67 matching number 427 convertible Corvette
After all that then I'll get responsible![]()
If you were to win this, what would you do with your winnings?![]()