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post #1 of 28 Old 03-30-2012, 04:35 PM Thread Starter
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Mega Million Payout

So, just out of curiosity. How would you take your payout if you were to win, based on current jackpot (500-640mil), lump sum of almost half the jackpot which is what you would get or annual payments of roughly 20 mil a year for 26 years? And just for laughs and giggles what would you buy.

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post #2 of 28 Old 03-30-2012, 04:41 PM
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Just heard about this 540,000,000 jackpot. I was wondering if it would be better to take the lump sum and put it in like... an ing high interest savings account (could probably live off the interest alone lol), or just take the monthly payments. Either way I wouldn't spend a whole lot of it lol.

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post #3 of 28 Old 03-30-2012, 04:45 PM
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How much tax would come off of that if you won it (as an American citizen)?

If I won any large sum of money I would pay off the rest of my education, buy a house, and a 2012 Beetle. And then share the rest with family and friends.



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post #4 of 28 Old 03-30-2012, 04:52 PM
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Quote:
Originally Posted by iluvmyVersa08 View Post
How much tax would come off of that if you won it (as an American citizen)?

If I won any large sum of money I would pay off the rest of my education, buy a house, and a 2012 Beetle. And then share the rest with family and friends.
A lot. haha

I would take the payments. They are so big that I don't think I'd really "run out" of money in the time between payments so there's no need for the lump sum.

And I would buy an island, build my own race track on it, and make my Versa a super-car. I would finish my degree in CRJ, then get an ASE certification and really learn how to work on cars, this way I could slowly buy project cars to build up one at a time.

Examples: R33 GTR, Supra, K-5 Blazer, Willys Jeep, s15 silvia, Lancer Evo, '67 Mustang, RX-7, Datsun 240z.

I haven't thought about this before or anything...

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post #5 of 28 Old 03-30-2012, 04:58 PM
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I'd say about half of it goes toward taxes. Then I'd buy a nice, 4-bedroom, 2-bath house with 3-car garage to fit a lift and save the rest. I'd probably buy a turboed Ford F250 or Dodge Ram.

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post #6 of 28 Old 03-30-2012, 04:59 PM Thread Starter
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Quote:
Originally Posted by iluvmyVersa08 View Post
How much tax would come off of that if you won it (as an American citizen)?

If I won any large sum of money I would pay off the rest of my education, buy a house, and a 2012 Beetle. And then share the rest with family and friends.
Well if people opt on the lump sump think you only get like half or three quarters of the jackpot, not sure if that's because of taxes or just the option and then you would have to pay taxes on that lump sump, don't really know, never won but it could be my lucky day lol. The annual payments I would assume you have to pay tax on every year which would suck. I'll go for the lump sump and would actually do everything similar if not identical to what you would do Ash. For the exception of the Beetle lol.

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post #7 of 28 Old 03-30-2012, 05:07 PM
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Originally Posted by athikerguy4life View Post
A lot. haha

I would take the payments. They are so big that I don't think I'd really "run out" of money in the time between payments so there's no need for the lump sum.

And I would buy an island, build my own race track on it, and make my Versa a super-car. I would finish my degree in CRJ, then get an ASE certification and really learn how to work on cars, this way I could slowly buy project cars to build up one at a time.

Examples: R33 GTR, Supra, K-5 Blazer, Willys Jeep, s15 silvia, Lancer Evo, '67 Mustang, RX-7, Datsun 240z.

I haven't thought about this before or anything...
LOL Sorry but the K5 and Willys just don't fit with that group... If you ask me they are a class above the others mentioned

I am thinking here in Canada you would lose a little more than half that too taxes.

On my list to buy... go back and get my pilots licence again, buy 2 planes (one strictly for long distance travel... ~$1,500,000), and one for Exploring remote areas (~$300,000). I would build a house on a lake up north, so about $1,000,000 for that. Tow boat for wake boarding (~$50,000 I think), and a fishing boat (probably about $50,000 too), then a brand new Chevy 2500 Quad Cab 4x4 Diesel pick up ($60,000 ish), a 1969 Camaro SS ($50,000 for a clean example), and a new Camaro SS (Probably around $50,000), and I would have to get a ZR-1. Thats basically all I would want (when it comes to big stuff), and its only around 3 million... And I really had to think to come up with that much stuff lol. Although maintaing all the stuff would be expensive... I just really have no clue what I would do with all that money.

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post #8 of 28 Old 03-30-2012, 05:09 PM
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For the exception of the Beetle lol.
hahaha. The 2012 beetles are actually not bad. They look a little more like their porsche cousins. haha

2008 Versa S:
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-DC Exhaust+Intake
-Strut brace+Sway bar
-Spec-V Wheels
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-Navi HU, Pioneer Spkrs, 2x10" CV Subs.


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post #9 of 28 Old 03-30-2012, 05:13 PM
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Originally Posted by athikerguy4life View Post
hahaha. The 2012 beetles are actually not bad. They look a little more like their porsche cousins. haha
BLASPHEMY!

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post #10 of 28 Old 03-30-2012, 05:16 PM
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Quote:
Originally Posted by athikerguy4life View Post
hahaha. The 2012 beetles are actually not bad. They look a little more like their porsche cousins. haha
Lol the 12B is the only car I actually really love enough to buy. Other than that I'm happy with my daily driver. Gets me to and from work safely

Money can't always buy happiness !



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