drinkTHEkoolaid Posted May 16, 2013 Posted May 16, 2013 Lotsa $. Imagine how much cocaine and hookers that could buy
mrags Posted May 16, 2013 Posted May 16, 2013 Lotsa $. Imagine how much cocaine and hookers that could buy id open up my own pimping business and coke farm with that kind of cash. Roll 475m into a couple Billion. Then I'd buy the Bills.
Just Jack Posted May 16, 2013 Posted May 16, 2013 I'd be calling Chef Jim for advice. Then do the opposite.
Chef Jim Posted May 16, 2013 Posted May 16, 2013 I'd be calling Chef Jim for advice. Then do the opposite.
tennesseeboy Posted May 16, 2013 Posted May 16, 2013 Seiously, how would you spend that amount of money? I could take care of any and all obligations, get the beachouse, fancy car etc and still have a ton of money left. I imagine I would give a big hunk to family members, The rest would go to charities ...but I'm not sure to whom and for what.Telll you what I WOULD do. Huge Buffalo Bills tailgate party on me.
Clippers of Nfl Posted May 16, 2013 Posted May 16, 2013 Id buy the house next to brady in la and be that ahole neighbor that everyone hates. and/or hire that annoying neighbor while im away doing the usual. having sex with brunnettes and japanese chicks.
BillsWatch Posted May 16, 2013 Posted May 16, 2013 I never by a ticket unless I can win enough to buy a football team. If I can not buy the Bills I'll buy another AFC East team and run into the ground.
Chef Jim Posted May 16, 2013 Posted May 16, 2013 You win $550mil and net out half and put it into a safe investment and at 4% you'll get $11,000,000 income per year. I could do some serious damage with that.
Mark Vader Posted May 16, 2013 Posted May 16, 2013 Winning that much money would be dangerous. You'd have to flee the country.
Chef Jim Posted May 16, 2013 Posted May 16, 2013 Winning that much money would be dangerous. You'd have to flee the country. And that's exactly what I'd do. I'd build a nice house (not huge it's only the wife and me) on an island in the Caribbean and spend most of my time there. I'd also have a place in CA wine country (probably Sonoma) and probably a place in Europe (Italy or France). The hardest part would be quitting my job. I'd like to quit the day I won but couldn't do that seeing I love the company and it's CEO. But I'd want to get to all the things I'd want to do ASAP.
Bufcomments Posted May 17, 2013 Posted May 17, 2013 And that's exactly what I'd do. I'd build a nice house (not huge it's only the wife and me) on an island in the Caribbean and spend most of my time there. I'd also have a place in CA wine country (probably Sonoma) and probably a place in Europe (Italy or France). The hardest part would be quitting my job. I'd like to quit the day I won but couldn't do that seeing I love the company and it's CEO. But I'd want to get to all the things I'd want to do ASAP. winning that much money you would have to move. no way you could stay at the same place, you would have a big target on you. Id move to Canada and have dual citizenship. Could you imagine the taxes on 550 million dollars. Crazy.
DC Tom Posted May 17, 2013 Posted May 17, 2013 This would be the new Two Bills Drive server... And Rosen would find a way to crash it.
Just Jack Posted May 17, 2013 Posted May 17, 2013 Could you imagine the taxes on 550 million dollars. Crazy. For NY, figure 1/3 to 1/2 going to taxes. So plan on what you can do with $275 Million, not $550 Million.
DC Tom Posted May 17, 2013 Posted May 17, 2013 For NY, figure 1/3 to 1/2 going to taxes. So plan on what you can do with $275 Million, not $550 Million. Unless you take the cash value, rather than the annual payout. In which case you end up with less than $100M, probably.
Just Jack Posted May 17, 2013 Posted May 17, 2013 Unless you take the cash value, rather than the annual payout. In which case you end up with less than $100M, probably. That is cash value. Payments is closer to 1/3, cash is closer to 1/2. Either way it's a **** load of money.
KD in CA Posted May 17, 2013 Posted May 17, 2013 For NY, figure 1/3 to 1/2 going to taxes. So plan on what you can do with $275 Million, not $550 Million. Actually $550MM is the value of the annuity so if you take the lump sum you need to calcuate the PV before you apply taxes. So figure more like $350MM, or ~$200MM after taxes.
Bufcomments Posted May 17, 2013 Posted May 17, 2013 (edited) Actually $550MM is the value of the annuity so if you take the lump sum you need to calcuate the PV before you apply taxes. So figure more like $350MM, or ~$200MM after taxes. 200 million would do just fine .....since its free money. only time I buy Powerballl when it gets over 200 mill. Id even settle for the second place prize. 2 people won 2 million second place prize Tuesday night, not bad... Edited May 17, 2013 by Bufcomments
Recommended Posts