wwyd lotto

Frixxxx said:
Anything under $2 Mill, pay off house and buy my kids houses.

Anything $4-2 Million, I would quit my job and set up a retirement trust that would rollover for my kids.

$4-12 Million, I would set up my retirement AND a trust for my kids.

$12+ Million. I would set up a retirement for me, my wife, and trusts for my kids.
I would then get a girlfriend.:toung:
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Anything under $2 Mill, pay off house and buy my kids houses.

Anything $4-2 Million, I would quit my job and set up a retirement trust that would rollover for my kids.

$4-12 Million, I would set up my retirement AND a trust for my kids.

$12+ Million. I would set up a retirement for me, my wife, and trusts for my kids.
I would then get a girlfriend.:toung:
 
haha. Technology can definitely be the undoing of this scheme. But I'd try it anyway, and use the good advice I get on tsptalk to invest and save for the inevitible tax bill and fine I'll have to pay.
 
well since you two brainiacs are obviously headed for the hoosegow, i don't want the money. although i suppose by now i'm not far behind for advising your scheme, so please for christmas will you have mr. bowl's mom withdraw some money and send me soap on a rope?
 
I doubt the government gives a rats ass about how I spend my lotto winnings if its taxed before it makes it to my bank account. And anyway, the first 10,000 a year per person is gift tax free. If you have enough relatives........hell, you do the math
Geez, now I know who not to give money to!
 
jpcavin said:
BC, I think MrBowl was talking about the gift tax, which is imposed on the donor. If he gives you an ATM card to take cash out, then it appears as though he is the one spending the money. This way, he is not taxed for giving it away.
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atm's take a picture with their camera at every transaction. it cannot appear that it is he who is spending the money when every time 'he' withdrawls from the atm his mom happens to be photographed with her hand out in front of the machine.

also, the real mr. bowl is likely to be indisputably photographed and transacted in a location that makes it physically impossible for him to be two places at once and withdrawing from that atm. ie, rfid security credential logged in at work, or in car heading east through toll both, or at starbucks buying coffee while little 'sis is withdrawing cash 30 miles away. here's how the interview with oig will go: oig-so if it was you withdrawing from the atm then who was logged in with your secure credential and collecting pay at work? mr. bowl-uh, that was me. oig-then who was withdrawimg the cash? mr. bowl-uh, that was me too. oig- at the same time 30 miles apart? mr. bowl-uh, i'd like to speak with a lawyer.

think about it. if you don't want a transaction traced why would you use the most easily traced form of transaction to commit your crime (illegal gifting beyond reportable tax limits is a crime). if i ever turn criminal remind me that you two are banned from my crew.
 
BC, I think MrBowl was talking about the gift tax, which is imposed on the donor. If he gives you an ATM card to take cash out, then it appears as though he is the one spending the money. This way, he is not taxed for giving it away.
 
MrBowl said:
Here's a scheme I came up with to avoid the high taxes of giving money away...if you want to give a ton of money to relatives, or if they win big and want to give it to you just open up a checking account near the recipient and hand them the ATM card. They can withdraw the daily maximum if they want and it would be enough to change their lives. Someone please try this out on me.
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that is never going to work, every atm transaction leaves both a paper/digital record and a photographic record. how do you think they catch the folks jimmying the kiosk at the quickmart? so how do you plan to explain to the irs investigators that you put $1 million in a checking account and lost the atm card the next day and never reported anything suspicious even though $500 went missing from the account at the same time at the same grocery every day by this lady in a shawl with a pink rose hat pin who just so happens to butter your toast and do your laundry and looks suspiciously like your mom? they're going to know you're lying anyway because your smartphone locator puts you ordering pizza and playing world of warcraft in her basement when the thefts allegedly occurred.

you ain't fooling god that it wasn't an illegal gift, and you for sure as hell ain't fooling the irs either. why not just go down to the bank and get a few bricks of hundreds and leave them in the sewing cabinet for safekeeping or emergency use? that way the old gal don't have to put herself at risk predictably withdrawing from the atm on the street corner every morning and when the cops ask could just say you burned through the cash down at the tophat exotic revue trying to meet a nice girl.
 
MrBowl said:
I would pay jpcavin and Kathy to train my wife

Here's a scheme I came up with to avoid the high taxes of giving money away...if you want to give a ton of money to relatives, or if they win big and want to give it to you just open up a checking account near the recipient and hand them the ATM card. They can withdraw the daily maximum if they want and it would be enough to change their lives. Someone please try this out on me.
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I'll PM you my address so you can mail me that ATM card when you win big.
 
MrBowl said:
I would pay jpcavin and Kathy to train my wife

Here's a scheme I came up with to avoid the high taxes of giving money away...if you want to give a ton of money to relatives, or if they win big and want to give it to you just open up a checking account near the recipient and hand them the ATM card. They can withdraw the daily maximum if they want and it would be enough to change their lives. Someone please try this out on me.
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Good Idea!:cheesy:
 
I would pay jpcavin and Kathy to train my wife

Here's a scheme I came up with to avoid the high taxes of giving money away...if you want to give a ton of money to relatives, or if they win big and want to give it to you just open up a checking account near the recipient and hand them the ATM card. They can withdraw the daily maximum if they want and it would be enough to change their lives. Someone please try this out on me.
 
jpcavin said:
In Kathy's defense, one is never too old for an Italian love slave.
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Amen, sistah!!! Thanks for having my back!

I tell you what...when I win the lottery, I'm going to treat you and the hubby, me and my fiance, to a first class trip to Italy. We can pretend that they're our Italian love slaves. I'm sure they won't mind.
:D

Ciao, bella!
 
Buster said:
I thought you once said you don't waste your time or money on the game of dreamers and incredible losers..what changed your outlook on the game?

Second thought..don't bother answering that, I already know the answer..:rolleyes:
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i was able to leverage my $2 weekly buyin odds 6x by convincing coworkers to play too. it has already paid off in spades via sense of teamwork and cooperation and joint ownership. plus we're all incredible dreamers and losers so it's a good fit.
 
burrocrat said:
i've thought about this a lot, so the first thing i would do is revert to my 20% plan. i would diversify and immediately split it $500k 5 ways.
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I thought you once said you don't waste your time or money on the game of dreamers and incredible losers..what changed your outlook on the game?

Second thought..don't bother answering that, I already know the answer..:rolleyes:
 
maybe, unless you happen to be an italian love slave. i prefer voluntary transient relationships and beer, that way you can't get brought up on trumped charges for human trafficking and everybody gets to keep their id, just ask marrisa tomei. i would but she won't return my calls anymore.
 
rcknfrewld said:
I would buy up all the tsptalk swag for triple the cost so Tom would be able to get us some fancy golf trophies when I win the rest of the golf pools...lets see obgibby turn those babies down
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why not just offer to buy the rights to the tsptalk logo from tom with whatever is left over after your exwife's lawyer gets done with you? then you could sell the swag yourself. could you please get some of those all cloth adjustable embroidered ball caps printed up? i could really use one as i'm starting to get a little thin on top and thick in the middle, it must be all the coffee. also, have some silver one ounce coins minted. i'd buy a few just to carry around in my pocket to rub like a 12 step medallion while mumbling 'only two trades per month, two" when the market gets me down.

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I would buy up all the tsptalk swag for triple the cost so Tom would be able to get us some fancy golf trophies when I win the rest of the golf pools...lets see obgibby turn those babies down
 
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