Richard Hatch isn't entertaining, so... - Page 2

Carbonated_Brains · 01-19-2005, 12:20 AM

Suckers, here in Canada we don't get taxed on TV or lottery winnings.

Except our lotteries, when they hit 12 million, are about as big as they're gonna get.

And our television tends to suck the knobbly balls of Satan.

But we steal your satellite signals for free!

*sings anthem*

Elspode · 01-19-2005, 08:25 AM

Quote:

Originally Posted by Carbonated_Brains

And our television tends to suck the knobbly balls of Satan.

I assume that this is, in part, due to the infamous "specific Canadian content" regulation being applied to original programming there?

Radar · 01-18-2005, 07:29 PM

5 Million isn't very much in L.A. I suppose I'd give some to the tsunami victims, pay off my dad's mortgage, buy my mom a cheap house, build a house in Vietnam near the river where my mother-in-law could stay for free and take care of it for us, fly to Vietnam to stay with my wife until her paperwork goes through, and buy us a decent 4-plex, 2 cars, my hot dog cart and a truck to pull it.

lookout123 · 01-18-2005, 07:50 PM

ah, the take care of the family syndrome. for me, i think i would not change that much.

I like my job, so i wouldn't quit. i would probably build my next house a little bit nicer than my current one, but i wouldn't pay it off, just the mortgage route for me thank you. i would cough out the $250,000 a charitable group i know needs to get running. pay off mom and dad's house and my sister's student loans. invest the rest and have fun with 50% of the earnings every year. of course, i would stipulate in my trust that my kid, love him as i do, can't lay a finger on any of the money until after his 30th birthday (other than college expenses, and those limited to 4 years.)

Roosta · 01-19-2005, 07:15 AM

I don't think we pay tax on lottery wins here.

staceyv · 01-19-2005, 07:34 AM

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? Employment status! quit job and spend time learning karate, working out, volunteer at animal shelter...

What would you buy? house, drums and PA system, gym equipment, car, 2 vacations- Russia and Virgin Islands and all kinds of teachers- russian tutor, karate lessons, personal trainer, music lessons...

Would you give any of the money away? I'm not really a generous person, so the only people I 'd feel a strong urge to take care of are my grandparents. I'd like my grandmother to have a diamond tennis bracelet and her house remodeled ...I'd probably spend about $300,000 on them, but for everyone else, I'd lie and say that the taxes took most of my money away and we broke even after we bought the house!

I'd want to invest about 3 million so we could hopefully live off the interest, although if I really did have that 5 milion, I'd look into this way more than now, as it's hypothetical.. before spending anything, I'd want to know all of the math...If we invest this amount, how much yearly interest will we have?, that amount?... etc.

__________________

Clodfobble · 01-19-2005, 08:02 AM

What are the anonymity rules regarding the lottery? It seems to me that as soon as you step forward to claim it, it becomes public record who you are and where you live and how much money you got. Is there any way to claim it without having your picture taken with that stupid big check and having the local news write a story about you??

Beestie · 01-19-2005, 08:10 AM

Quote:

Originally Posted by Clodfobble

What are the anonymity rules regarding the lottery?

Go to an attorney and form a trust. Then have the attorney claim the winnings in the name of the trust. The winnings are then payable to the trust which, via the law firm, distributes the money in accordance with the rules of the trust. The trust documents are not a matter of public record and you will be perfectly anonymous. I know quite a few lottery winners who have done this.

The problem with staying anonymous are family members and friends who blab.

Clodfobble · 01-19-2005, 08:35 AM

The problem with staying anonymous are family members and friends who blab.

Hell, I wouldn't tell them. They'll just get to wonder why their Christmas presents have gotten a lot nicer.

Of course it's going to be very hard for me to win the lottery without ever buying a ticket, but at least now I have a plan. It's good to be prepared for anything.

Beestie · 01-19-2005, 08:52 AM

If I won the lottery, after paying off everything except mortgage debt, I'd probably go out and buy a Harley. I like this one:

Undertoad · 01-19-2005, 10:40 AM

And that $9500 was purposefully $500 less than $10000, wasn't it? He expected you to report a cash transaction of $10000 or more to the IRS...

lookout123 · 01-19-2005, 11:00 AM

bingo!

xoxoxoBruce · 01-19-2005, 06:57 PM

Quote:

Originally Posted by Undertoad

And that $9500 was purposefully $500 less than $10000, wasn't it? He expected you to report a cash transaction of $10000 or more to the IRS...

I heard that had been lowered to $5k not long ago. Part of the terrorist tracking thing.

lumberjim · 01-19-2005, 11:03 AM

anyone listen to howard stern? Crazy Cabby is a frequent guest who won $100,000 in a payper view boxing match. he bragged on the air that he doesnt pay his taxes. an IRS agent was listening. he got busted. now that's stupid.

lookout123 · 01-19-2005, 11:13 AM

a guy i worked with in the air force in the early 90's became an IRS auditor. if 1/3 of what he says is true, they have mad scary powers and abilities. i hear they can shoot death rays out of their arses, too.

01-18-2005, 07:29 PM	#3
Radar Constitutional Scholar Join Date: Dec 2002 Location: Ocala, FL Posts: 4,006	5 Million isn't very much in L.A. I suppose I'd give some to the tsunami victims, pay off my dad's mortgage, buy my mom a cheap house, build a house in Vietnam near the river where my mother-in-law could stay for free and take care of it for us, fly to Vietnam to stay with my wife until her paperwork goes through, and buy us a decent 4-plex, 2 cars, my hot dog cart and a truck to pull it. __________________ "I'm completely in favor of the separation of Church and State. My idea is that these two institutions screw us up enough on their own, so both of them together is certain death." - George Carlin

01-18-2005, 07:50 PM	#4
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	ah, the take care of the family syndrome. for me, i think i would not change that much. I like my job, so i wouldn't quit. i would probably build my next house a little bit nicer than my current one, but i wouldn't pay it off, just the mortgage route for me thank you. i would cough out the $250,000 a charitable group i know needs to get running. pay off mom and dad's house and my sister's student loans. invest the rest and have fun with 50% of the earnings every year. of course, i would stipulate in my trust that my kid, love him as i do, can't lay a finger on any of the money until after his 30th birthday (other than college expenses, and those limited to 4 years.) __________________ Getting knocked down is no sin, it's not getting back up that's the sin

01-19-2005, 07:15 AM	#5
Roosta Nutter. Join Date: Jul 2004 Location: England Posts: 221	I don't think we pay tax on lottery wins here. __________________ Back from the brink...

01-19-2005, 08:52 AM	#10
Beestie -◊\|≡·∙■·∙≡\|◊- Join Date: Feb 2003 Location: Parts unknown. Posts: 4,081	If I won the lottery, after paying off everything except mortgage debt, I'd probably go out and buy a Harley. I like this one: __________________ ♠ ♥ ♣ ♦

01-19-2005, 11:00 AM	#12
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	bingo! __________________ Getting knocked down is no sin, it's not getting back up that's the sin

01-19-2005, 12:20 AM	#1
Carbonated_Brains Does it show up here when I type? Join Date: Oct 2003 Location: Between the smoky layers of a prosciutto sandwich! Posts: 355	Suckers, here in Canada we don't get taxed on TV or lottery winnings. Except our lotteries, when they hit 12 million, are about as big as they're gonna get. And our television tends to suck the knobbly balls of Satan. But we steal your satellite signals for free! sings anthem

01-19-2005, 07:34 AM	#6
staceyv Lecturer Join Date: Nov 2003 Location: Ohio Posts: 927	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? Employment status! quit job and spend time learning karate, working out, volunteer at animal shelter... What would you buy? house, drums and PA system, gym equipment, car, 2 vacations- Russia and Virgin Islands and all kinds of teachers- russian tutor, karate lessons, personal trainer, music lessons... Would you give any of the money away? I'm not really a generous person, so the only people I 'd feel a strong urge to take care of are my grandparents. I'd like my grandmother to have a diamond tennis bracelet and her house remodeled ...I'd probably spend about $300,000 on them, but for everyone else, I'd lie and say that the taxes took most of my money away and we broke even after we bought the house! I'd want to invest about 3 million so we could hopefully live off the interest, although if I really did have that 5 milion, I'd look into this way more than now, as it's hypothetical.. before spending anything, I'd want to know all of the math...If we invest this amount, how much yearly interest will we have?, that amount?... etc. __________________

01-19-2005, 08:02 AM	#7
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	What are the anonymity rules regarding the lottery? It seems to me that as soon as you step forward to claim it, it becomes public record who you are and where you live and how much money you got. Is there any way to claim it without having your picture taken with that stupid big check and having the local news write a story about you??

01-19-2005, 08:35 AM	#9
Clodfobble UNDER CONDITIONAL MITIGATION Join Date: Mar 2004 Location: Austin, TX Posts: 20,012	The problem with staying anonymous are family members and friends who blab. Hell, I wouldn't tell them. They'll just get to wonder why their Christmas presents have gotten a lot nicer. Of course it's going to be very hard for me to win the lottery without ever buying a ticket, but at least now I have a plan. It's good to be prepared for anything.

01-19-2005, 10:40 AM	#11
Undertoad Radical Centrist Join Date: Jan 2001 Location: Cottage of Prussia Posts: 31,423	And that $9500 was purposefully $500 less than $10000, wasn't it? He expected you to report a cash transaction of $10000 or more to the IRS...

01-19-2005, 11:03 AM	#14
lumberjim I can hear my ears Join Date: Oct 2003 Posts: 25,571	anyone listen to howard stern? Crazy Cabby is a frequent guest who won $100,000 in a payper view boxing match. he bragged on the air that he doesnt pay his taxes. an IRS agent was listening. he got busted. now that's stupid. __________________ This body holding me reminds me of my own mortality Embrace this moment, remember We are eternal, all this pain is an illusion ~MJKeenan

01-19-2005, 11:13 AM	#15
lookout123 changed his status to single Join Date: Apr 2004 Location: Right behind you. No, the other side. Posts: 10,308	a guy i worked with in the air force in the early 90's became an IRS auditor. if 1/3 of what he says is true, they have mad scary powers and abilities. i hear they can shoot death rays out of their arses, too. __________________ Getting knocked down is no sin, it's not getting back up that's the sin

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