|
Current Events Help understand the world by talking about things happening in it |
|
Thread Tools | Display Modes |
|
01-18-2005, 12:41 PM | #1 |
changed his status to single
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
|
Richard Hatch isn't entertaining, so...
this thread must belong in current events. It would be better if we had a stupid human zone but this will have to do.
How stupid do you have to attempt tax evasion when something like half the country saw you win $1million and you were on every radio and tv show for the next year? Richard Hatch
__________________
Getting knocked down is no sin, it's not getting back up that's the sin |
01-18-2005, 12:54 PM | #2 |
The urban Jane Goodall
Join Date: Jan 2004
Location: Florida
Posts: 3,012
|
Since a significant number of lottery winners end up in bankruptcy, this doesn't suprise me a bit.
__________________
I have gained this from philosophy: that I do without being commanded what others do only from fear of the law. - Aristotle |
01-18-2005, 01:05 PM | #3 |
changed his status to single
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
|
the lottery thing is more easily understood though. (i have had several as clients over the years.) most of them came from very modest means and won $XXmillion dollars - an unspendable sum of money in their minds. they often don't take into account how the math can really work for or against them. the ones i've seen run into financial trouble follow a pretty simple formula A) tell everyone they know B) buy big new house for them and family members, paying cash of course C) buy the flashy cars and toys they always wanted D) help out family members and friends who have always been there for them. E) invest in their own poorly thought out business ventures or similar ideas a "friend" had. F) somewhere along the line they realize they have a lot less than they started with and start trading or investing in risky ventures to get their money supply back up, thus losing even more. G) take a look at the credit lines they have stretched out and realize they are equal to or greater than what they have left. then they start contemplating the big BK.
my personal favorite is someone i knew who inthe 3 months space that i didn't see them, won a couple million, quit their job, paid off their house and bought another for their mom, and another "vacation home" up north, a mercedes and a hummer ('cuz the wife's gott drive too) and then came to me, because they misunderstood the payout structure and needed a little cash to cover the expenses. All of which lends itself to: What would you do if you won the lottery? Let's be more specific, Let's say $5,000,000 (after taxes) falls into your lap. What would you change about your life? What would you buy? Would you give any of the money away?
__________________
Getting knocked down is no sin, it's not getting back up that's the sin |
01-18-2005, 07:20 PM | #4 | |
Fellow-Commoner
Join Date: Jan 2005
Posts: 10
|
Quote:
|
|
01-18-2005, 07:27 PM | #5 |
The urban Jane Goodall
Join Date: Jan 2004
Location: Florida
Posts: 3,012
|
In the multi-state powerball Louisiana is a part of, you end up with a little more than 25% of the winnings if you don't take the annuity.
__________________
I have gained this from philosophy: that I do without being commanded what others do only from fear of the law. - Aristotle |
01-19-2005, 12:36 AM | #6 | |
Traded your soul for pogs.
Join Date: May 2004
Location: Champaign, IL
Posts: 646
|
Quote:
If you obtain illegal income, you're supposed to pay taxes on it. Talk about self-incrimination!
__________________
I love England, what can I say? |
|
01-19-2005, 02:48 AM | #7 | |
Fellow-Commoner
Join Date: Jan 2005
Posts: 10
|
Quote:
|
|
01-19-2005, 03:10 PM | #8 |
Professor
Join Date: Jan 2001
Posts: 1,788
|
5 million? I quit my full-time job and become a consultant. Much easier when you don't have to worry about dry spells, and can work a lot less than otherwise necessary to maintain my current lifestyle.
|
01-20-2005, 03:11 AM | #9 |
Macavity
Join Date: Jan 2005
Location: A Black Box
Posts: 157
|
Don't mention the "T" word! I am currently embroiled in a major battle with the IRS for taxes they say I owe back from '93 and '94. They sent notices about this to an address I haven't lived at for 8 years and only last year pounced on my tax return for back taxes, finally making me aware of the problem. You don't even wanna know what a nightmare it is trying to recreate 11 and 12 year old financial records when everyone, self included, disacards stuff after 7 years! @#$$%@!@!#!$!$#@#
Anyhow, if I won 5 mill, I'd let the IRS have their undeserved blood money on top of what they'd normally take without a fight. Then: 1) I'd build me as energy self-sufficient house as possible on a 100 acres or so of land in Montana with a river running thru it and solid water rights. 2) Buy a couple of guns I've been wanting. 3) Make the appropriate gifts to faithful friends 4) Peel off the appropriate amount to a worthy charity 5) Invest the remainder 6) Never be heard from again
__________________
Macavity, Macavity, there's no on like Macavity, He's broken every human law, he breaks the law of gravity. - T.S. Eliot, Old Possum's Book of Practical Cats |
01-18-2005, 01:35 PM | #10 |
Slattern of the Swail
Join Date: Jul 2004
Posts: 15,654
|
You're just jealous.
__________________
In Barrie's play and novel, the roles of fairies are brief: they are allies to the Lost Boys, the source of fairy dust and ...They are portrayed as dangerous, whimsical and extremely clever but quite hedonistic. "Shall I give you a kiss?" Peter asked and, jerking an acorn button off his coat, solemnly presented it to her. —James Barrie Wimminfolk they be tricksy. - ZenGum |
01-18-2005, 02:00 PM | #11 | |
changed his status to single
Join Date: Apr 2004
Location: Right behind you. No, the other side.
Posts: 10,308
|
Quote:
__________________
Getting knocked down is no sin, it's not getting back up that's the sin |
|
01-18-2005, 01:48 PM | #12 | |
-◊|≡·∙■·∙≡|◊-
Join Date: Feb 2003
Location: Parts unknown.
Posts: 4,081
|
Quote:
__________________
♠ ♥ ♣ ♦ |
|
01-18-2005, 07:24 PM | #13 |
lobber of scimitars
Join Date: Jul 2001
Location: Phila Burbs
Posts: 20,774
|
Yes, but we don't have to pay a tax to watch broadcast television.
We just hemorrhage cash so we can have digital cable and not find anything to watch on 500+ channels.
__________________
wolf eht htiw og "Conspiracies are the norm, not the exception." --G. Edward Griffin The Creature from Jekyll Island High Priestess of the Church of the Whale Penis |
01-18-2005, 08:31 PM | #14 | |
Fellow-Commoner
Join Date: Jan 2005
Posts: 10
|
Quote:
|
|
01-18-2005, 08:47 PM | #15 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
|
We did a thread on why if you won the lottery.
Welcome to the Cellar saganista, it's better than TV.
__________________
The descent of man ~ Nixon, Friedman, Reagan, Trump. |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|
|