Username or Email Address
Do you already have an account?
Forgot your password?
  • Log in or Sign up

    VWVortex


    Page 3 of 6 FirstFirst 123456 LastLast
    Results 71 to 105 of 183

    Thread: Obligatory: $500,000,000.00 Powerball. What would you do?

    1. Member mad8vskillz's Avatar
      Join Date
      Aug 20th, 2001
      Location
      Philthadelphia
      Posts
      11,200
      Vehicles
      '11 tundra, '99 rapevan, '03 sv1000, '0? ttr90, '14 grom, '03 sv650 track, '04 nsr50
      11-28-2012 01:05 PM #71
      Quote Originally Posted by Crob View Post
      You'd never see my ass on here ever again.
      i hope you win
      Demokratikally Elekted Fist Lieutenant of the Outside Cavalry of the Independent People's Republik of Offtopikstan
      Quote Originally Posted by GodSquadMandrake View Post
      That's too bad but, VWVortex said so... so you have to do it now.

    2. Member
      Join Date
      Feb 16th, 1999
      Location
      Ellicott City, MD
      Posts
      2,063
      Vehicles
      '08 Taurus X, '12 GTI, '05 SV650
      11-28-2012 01:06 PM #72
      All the posts about buying new cars reminds me of the last big local lottery winner in this area - I think he won $27M. He took his winning lottery ticket to the local Ford dealer and drove off with a new Explorer - hadn't even claimed the prize - just showed the manager the ticket and they agreed to let him drive the car off the lot and return a few days later with the money. Or something like that.
      Last edited by BrianC; 11-28-2012 at 01:20 PM.

    3. Global Moderator Matt's Avatar
      Join Date
      May 22nd, 2000
      Location
      Paradise
      Posts
      13,322
      Vehicles
      2013 Toyota Tacoma
      11-28-2012 01:09 PM #73
      Quote Originally Posted by Hostile View Post
      I'd go lump sum so that's what, around $250 million after taxes?

      With that much money what couldn't we do?
      I don't think you could buy most professional sports franchises
      FS: Oettinger Type E 16 x 7.5, 5 x 100 with all 4 center caps. Perfect shape. Located in San Diego

      Quote Originally Posted by Chris Stack View Post
      I don't want the butt herp on my schwantz either.

    4. Banned Fritz27's Avatar
      Join Date
      Mar 8th, 2003
      Location
      Brickell
      Posts
      26,442
      Vehicles
      1986 Legs and/or 2014 Blue Non-MANual European Turbo Hatch
      11-28-2012 01:10 PM #74
      Quote Originally Posted by BrianC View Post
      If you are interested to see how much you would net after fed and state taxes, here's a link to a site that does the math for you ==> http://www.usamega.com/powerball-jackpot.asp

      For example, Maryland (with the 3rd highest in-state tax):

      Lump-sum cash: $360,200,000
      - 25% Federal Tax - $90,050,000
      Subtotal $270,150,000

      - 8.75% MD state tax - $31,517,500
      Your net payout: $238,632,500

      I would also recommend this ==> http://www.lotterypost.com/news/253629
      Damn, $270 million for me.

      Not too shabby. Even if I blew $100 million out of the gate, I'd still have $170 million and could pull in probably $10 million a year off interest being a wuss with investments.

    5. 11-28-2012 01:10 PM #75
      Quote Originally Posted by BrianC View Post
      All the posts about buying new cars reminds me of the last big local lottery winner in this area - I think he won $82M. He took his winning lottery ticket to the local Ford dealer and drove off with a new Explorer - hadn't even claimed the prize - just showed the manager the ticket and they agreed to let him drive the car off the lot and return a few days later with the money. Or something like that.
      This is exactly what I would do. But it wouldn't be a Ford dealer.

    6. Banned Chris Stack's Avatar
      Join Date
      May 27th, 2008
      Location
      'Murica. F yeah.
      Posts
      11,644
      Vehicles
      Hondas, regular and extra-pricey
      11-28-2012 01:10 PM #76
      Quote Originally Posted by Matt View Post
      I don't think you could buy most professional sports franchises
      You could buy a nice minority interest; all of the perks, none of the hassle.

    7. Member mad8vskillz's Avatar
      Join Date
      Aug 20th, 2001
      Location
      Philthadelphia
      Posts
      11,200
      Vehicles
      '11 tundra, '99 rapevan, '03 sv1000, '0? ttr90, '14 grom, '03 sv650 track, '04 nsr50
      11-28-2012 01:11 PM #77
      Quote Originally Posted by turtledub View Post
      I would dump a bunch of money into my Corrado. That would eat up the rest of the money I think.
      bwahaha most certainly.
      how much money does it take to own a corrado? all of it.
      those things are like black holes with money.
      Demokratikally Elekted Fist Lieutenant of the Outside Cavalry of the Independent People's Republik of Offtopikstan
      Quote Originally Posted by GodSquadMandrake View Post
      That's too bad but, VWVortex said so... so you have to do it now.

    8. Member seymore15074's Avatar
      Join Date
      Jul 23rd, 2007
      Location
      Pittsburgh, PA
      Posts
      1,571
      Vehicles
      2007 Audi S6
      11-28-2012 01:12 PM #78
      Quote Originally Posted by Matt View Post
      I don't think you could buy most professional sports franchises
      Nah but you could buy nuclear weapons! ...well, maybe not quite.

    9. 11-28-2012 01:12 PM #79
      Quote Originally Posted by BrianC View Post
      If you are interested to see how much you would net after fed and state taxes, here's a link to a site that does the math for you ==> http://www.usamega.com/powerball-jackpot.asp

      For example, Maryland (with the 3rd highest in-state tax):

      Lump-sum cash: $360,200,000
      - 25% Federal Tax - $90,050,000
      Subtotal $270,150,000

      - 8.75% MD state tax - $31,517,500
      Your net payout: $238,632,500

      I would also recommend this ==> http://www.lotterypost.com/news/253629
      Looks like only 25% federal tax is withheld. If that's the practice of the lottery commission, terrible job for leaving the winner with a hefty tax bill. No wonder some of them go bankrupt only a few years after winning.

    10. Banned butterface's Avatar
      Join Date
      Dec 16th, 2002
      Posts
      7,712
      11-28-2012 01:12 PM #80
      I would retire early, buy a de-governored Rascal, yell at clouds, and hone my Bingo and Pinochle skills.

    11. Banned Fritz27's Avatar
      Join Date
      Mar 8th, 2003
      Location
      Brickell
      Posts
      26,442
      Vehicles
      1986 Legs and/or 2014 Blue Non-MANual European Turbo Hatch
      11-28-2012 01:15 PM #81
      Quote Originally Posted by Matt View Post
      I don't think you could buy most professional sports franchises
      I think you could get a large chunk lower-end NBA team for that kind of cash.

      Memphis Grizzlies were sold for < $375 million.

      I bet $100 million would get you a very nice chunk of the Indiana Pacers or Milwaukee Bucks or something.

    12. Member crookedarm's Avatar
      Join Date
      Jun 30th, 2003
      Location
      SF,SD
      Posts
      906
      Vehicles
      coupes
      11-28-2012 01:22 PM #82
      - lawyer(s) on retainer
      - tell current financial adviser to kick rocks
      - hire new financial adviser
      - gather family and friends, and employ the "Chris Stack Rule"
      - leave the country for a few years
      - return to midwest and purchase a healthy portion of land (modest house, extravagant garage and race track)
      - die happy

    13. Member Cervical Bruiser's Avatar
      Join Date
      Feb 10th, 2012
      Location
      Marietta
      Posts
      143
      Vehicles
      Huffy 10 Speed
      11-28-2012 02:07 PM #83
      Quote Originally Posted by JettaGT8V80 View Post
      this man is a genius
      How awesome would it be to watch Vin Diesel, Paul Walker, Ja Rule and some random Japanese guy run across the stage for 3 minutes for "the race"?
      Quote Originally Posted by ..Derek.. View Post
      FACT: All girls with Tinkerbell stickers on their cars or have Tinkerbell tattoo's are 300+lbs

    14. Member
      Join Date
      Feb 24th, 2010
      Location
      Columbus, OH
      Posts
      333
      11-28-2012 02:07 PM #84
      Quote Originally Posted by Matt View Post
      I don't think you could buy most professional sports franchises
      You could easily buy the Blue Jackets.

      Twice.

    15. Member GreenandChrome's Avatar
      Join Date
      May 24th, 2002
      Location
      Washington State
      Posts
      6,466
      Vehicles
      Sportage
      11-28-2012 02:10 PM #85
      Quote Originally Posted by Matt View Post
      I don't think you could buy most professional sports franchises
      Mariners. Please. Then move them to OKC.
      Colonel Leopold Wraithwood //// twitter: mbull //// blog //// "Marcel Bruwn" - Travoltified
      Stop making things idiot-proof. We're just making better idiots. Not the way we need to be going.

    16. Member trbochrg's Avatar
      Join Date
      Dec 1st, 2004
      Location
      Boring Small Town in Massachusetts
      Posts
      1,397
      Vehicles
      '13 CSG GTI -2011 Routan SE/RSE - '67 Beetle
      11-28-2012 02:16 PM #86
      I would buy a Mclaren and let Peloton borrow it for a week.
      13 CSG Wolfsburg GTI
      11 Routan SE/RSE
      67 Beetle (project car)
      Previous 08 CW R32 # 154 (Traded in 5-29-13) 02 Passat Wagon (Traded in, was such a great car)

    17. Geriatric Member AKADriver's Avatar
      Join Date
      Nov 20th, 2001
      Location
      Unreal VA
      Posts
      40,933
      Vehicles
      NB Miata, تويوتا تاكوما
      11-28-2012 02:20 PM #87
      http://www.ar15.com/archive/topic.html?b=1&f=5&t=749519

      The key to winning the lottery seems to be to win a small amount. Shoot for the $1M prize, not the $600M prize, because it will ruin your life.

      Like others said, the best thing you can do if you win $600M is:
      - Hire a lawyer.
      - Drop off the face of the earth. Don't set people up with cash and gifts. Don't give or take anything from anyone you knew before you won. As soon as anyone with whom you have any emotional involvement thinks you owe them anything, it's all over.
      Splinter - Team Post-Killing Ninja
      I don't practice llanteria

    18. Member Ubel GLI's Avatar
      Join Date
      Nov 17th, 2006
      Location
      The Midwest
      Posts
      9,355
      Vehicles
      Golf R, KTM 450SMR, Ducati Monster
      11-28-2012 02:20 PM #88
      Quote Originally Posted by trbochrg View Post
      I would buy a Mclaren and let Peloton borrow it for a week.
      That's actually an awesome idea. He would **** bricks

    19. Senior Member JettaGT8V80's Avatar
      Join Date
      Jun 11th, 2003
      Location
      Waltham , Ma
      Posts
      27,254
      Vehicles
      06 GTI UM Tuned
      11-28-2012 02:27 PM #89
      Quote Originally Posted by trbochrg View Post
      I would buy a Mclaren and let Peloton borrow it for a week.
      eff that noise i would buy him a mp412c

    20. Member seymore15074's Avatar
      Join Date
      Jul 23rd, 2007
      Location
      Pittsburgh, PA
      Posts
      1,571
      Vehicles
      2007 Audi S6
      11-28-2012 02:43 PM #90
      Quote Originally Posted by AKADriver View Post
      Like others said, the best thing you can do if you win $600M is:
      It's awesome how much of OT has experience with 1/2 billion dollar jackpots. Great advice, right?

    21. Member
      Join Date
      Feb 11th, 2009
      Location
      Lewiston, Maine
      Posts
      4,594
      Vehicles
      2001 Wolfsburg Jetta
      11-28-2012 02:47 PM #91
      That chart's not right. FIT rate is way higher than 25% and Maine takes 20% off the top, not 5%
      Quote Originally Posted by winstonsmith84 View Post
      Tax? I don't mind paying state sales tax. Every time a see a pothole, a school that is falling down or a canceled essential state program, I remind myself why.
      Quote Originally Posted by Tornado2dr View Post
      535 members of congress plus 1 pres screwing us all the time...that's dirty pirate hooker level gang rape.

    22. Member GeoffD's Avatar
      Join Date
      Aug 13th, 2001
      Location
      Killington, Vt & South Dartmouth, Ma
      Posts
      12,105
      Vehicles
      07 Fahrenheit GTI, 03 Mountaineer
      11-28-2012 02:49 PM #92
      With $500 million and assuming I'd put at least $100 million in my pocket after paying taxes....


      I ski.

      The ultimate skiing is heli-skiing with Canadian Mountain Holidays. I'd buy a helicopter, hire a full time pilot, hire a full time guide, and build a 10 bedroom mountain home in the British Columbia Rockies with a helipad for me and my friends. I'd work a deal with CMH to use their permitting in exchange for use of my helicopter, pilot, and guide when I'm not using them.


      I sail and also like to blast around on a power boat.

      I think a 70 foot yacht like an Ocean 71 with a professional captain would do the trick for sailing.


      The power boat would be a 34' Hinckley picnic boat


      I'd go with 3 homes. The British Columbia mountain + heliport home. The waterfront home with boat dock in my home town. A tropical island beachfront home. I'd probably do St Johns to keep it on US soil.

    23. Member Mr Miyagi's Avatar
      Join Date
      Aug 21st, 2010
      Location
      Spokane
      Posts
      3,513
      11-28-2012 02:55 PM #93
      Quote Originally Posted by Matt View Post
      I'd do my best and spend considerable coin trying to just disappear.
      This is a great answer.


      I found myself on an island dealer website the other day. I'd probably start there. Get a few of those islands and do stuff to them and then find a way to spend the remaining 490mill.

    24. Member
      Join Date
      May 8th, 2002
      Location
      Plano, TX
      Posts
      6,360
      Vehicles
      2012 Fiat 500, 2005 Vstrom 650
      11-28-2012 02:58 PM #94
      Well, since the OP was asking what *wouldn't* we buy -

      I would not buy anything lavish, exotic, flashy, or expensive.

      What I would do is set my family (including extended) up for life and then I'd probably set up some philanthropic ventures (fund some medical research, build a school or hospital or something, things of that nature).

    25. 11-28-2012 03:05 PM #95
      Quote Originally Posted by xombiesarelove View Post
      2 chicks at the same time.
      Quote Originally Posted by nm+ View Post
      Time to give up and buy a horse.

    26. Member Mr Miyagi's Avatar
      Join Date
      Aug 21st, 2010
      Location
      Spokane
      Posts
      3,513
      11-28-2012 03:08 PM #96
      Quote Originally Posted by MeineFolks'wagen View Post
      Well, since the OP was asking what *wouldn't* we buy -

      I would not buy anything lavish, exotic, flashy, or expensive.

      What I would do is set my family (including extended) up for life and then I'd probably set up some philanthropic ventures (fund some medical research, build a school or hospital or something, things of that nature).
      What would you do with the other 499 million?

    27. Member
      Join Date
      Jun 19th, 2002
      Location
      CLT NC
      Posts
      5,781
      Vehicles
      A3 Pilot S2K
      11-28-2012 03:11 PM #97
      I read an article that interviewed past winners of VERY large lottery winnings and most said the one thing they wished they would have done different before claiming the prize is: create a company/LLC, hire a law firm, and have the funds funneled into that company account without their name getting released to the public. Let the lawyer stand up there with the fake check for the cameras.
      Many said to be prepared to lose all your friends regardless of whether you give them any $ or not. Same goes for your extended family. If your kids are grown, expect them to become vampires for life. They recommended to live off a "very" nice fixed-income from the interest earned from their shell company would be the only way to do it without losing your sanity due to the greed that will follow you everywhere you go...

      So that's what I would do...of course after the collection of 959s, 458s, Lambos, American muscle cars, homes on islands, mountain property, etc...

    28. Member VR6GTI72's Avatar
      Join Date
      Mar 13th, 2002
      Location
      Jacksonville, OR
      Posts
      11,509
      11-28-2012 03:38 PM #98
      Picked up 3 quick picks last night. I'm not going to spend a bunch on tickets. 3 is as good as 100 as far as odds go. Just got to get in it. Fully prepared to go to work the next day.
      XBL: Skip Fourplay

      GO SHARKS!!!

    29. Member
      Join Date
      Jul 18th, 2011
      Location
      The Void
      Posts
      900
      Vehicles
      VR6
      11-28-2012 03:40 PM #99
      Build a compound in an active volcano
      become a supervillian.

      hold the world hostage with a giant space death machine.
      wibbly wobbly... time-y wimey... stuff.

      It's no fun riding lightning bolts without war drums!

    30. 11-28-2012 03:45 PM #100
      What time is the drawing at?
      Quote Originally Posted by Old Windy View Post
      Does that she Tropper has sideburns? It does not say were the accident happen? Any more to the story?
      Quote Originally Posted by hipster. View Post
      The ADs on the side of facebook are the least of my annoyances on facebook. People I went to high school with bombing photo after photo of their ugly baby, now that's annoying.

    31. 11-28-2012 03:46 PM #101
      whorgy

    32. 11-28-2012 03:47 PM #102
      i would have a whorgy.

    33. Member Cervical Bruiser's Avatar
      Join Date
      Feb 10th, 2012
      Location
      Marietta
      Posts
      143
      Vehicles
      Huffy 10 Speed
      11-28-2012 03:48 PM #103
      Buy a minute's worth of airtime during the Superbowl and play something completely random. Like the kids who were throwing at the Subaru and got hit, set to the Benny Hill theme song...
      Quote Originally Posted by ..Derek.. View Post
      FACT: All girls with Tinkerbell stickers on their cars or have Tinkerbell tattoo's are 300+lbs

    34. Member
      Join Date
      Feb 16th, 1999
      Location
      Ellicott City, MD
      Posts
      2,063
      Vehicles
      '08 Taurus X, '12 GTI, '05 SV650
      11-28-2012 03:50 PM #104
      Quote Originally Posted by tbvvw View Post
      I read an article that interviewed past winners of VERY large lottery winnings and most said the one thing they wished they would have done different before claiming the prize is: create a company/LLC, hire a law firm, and have the funds funneled into that company account without their name getting released to the public. Let the lawyer stand up there with the fake check for the cameras.

      I don't think it is legal to have some other entity claim your prize. There was a recent case where the member of a financial advisory team tried to claim the jackpot of a recent lottery win, but it turns out he was fronting for the actual winner (his client). That was a violation of lottery rules and the winner was out of luck.

      Your best bet is to just buy your ticket in a state that allows winners to remain anonymous. Even then, many people will know who you are (obviously all the state lottery agency employees where you go to collect), your bankers, financial advisers, lawyers, their wives, administrative assistants, kids, etc etc. It would really be tough to remain completely under the radar, and to just 'drop off the face of the earth' as others have suggested here - while financially feasible, is really not practical for a host of reasons.

    35. 11-28-2012 03:53 PM #105
      Wow. Chicks, luxury cars, mansions, boats, and half to your friend Asadulah who works in securities. I hope none of you win.

    Page 3 of 6 FirstFirst 123456 LastLast

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •