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Old 01-10-2016, 04:37 PM   #15
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Could always make a bid for the "Airstream Company", then offer the different model trailers that have been made through the years late 1940's,1950's and forward (at a price, of course) which can be fully customized based on a customers wishes.

From there go on my "Paint it Red Tour". That's where when I roll into town and see one of the little meters where a group is raising money for something you just say, "Paint it Red" and stroke a check.

My just, in less than five years I'd be broke, but I'd have a bunch of fun and make a lot of folks happy.

Enjoy,
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Old 01-10-2016, 05:27 PM   #16
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I'd also curse at how much money the feds would automatically want in taxes.
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Old 01-10-2016, 06:39 PM   #17
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Number one priority would be a good tax account/lawyer.
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Old 01-10-2016, 07:40 PM   #18
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Let's say you actually receive $1 billion net - forget about taxes for a minute, I want to keep the math simple.

Most charitable foundations give away approximately 5% of their holdings each year - there's a formula imposed by the IRS but it's 5% or so. Many charitable foundations continue in perpetuity (or close to it) and most grow with time. Assuming good stewardship of the foundation the $1 billion lottery winner could give away $50,000,000 every year! Forever!

That's quite a bit of "paint it red," or other form of philanthropy.

I might just have to put a little to the side for myself. After all it would take quite a bit of work to run that non-profit foundation.
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Old 01-10-2016, 07:48 PM   #19
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Let me expand on my previous "dream".

In addition to two other non-profits I would start, I would create a special team of Airstreamers. This team would be work in cooperation with the American Red Cross as a immediate response team to national disasters. I would fund 10 airstreams and 10 2016 3/4 ton Suburbans along with a team of needed supply trucks.

This team would be placed strategically to be able to respond within 16 hours of most of the USA.

Something like tornado chasers, but reactive.
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Old 01-10-2016, 08:03 PM   #20
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70% of all lottery winners go bankrupt in seven years or less. Though I'd like to think I'd be one of the 30% who have better sense, the odds are against it.
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Old 01-10-2016, 08:27 PM   #21
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I'd also curse at how much money the feds would automatically want in taxes.
I just looked it up........

Feds get 39.6%, the state where we live would get about 9%. So we would actually take a check to bank for roughly half the advertised jackpot. Right now, that would be about a $400,000,000 payday (look at all those zeros!).

That's still a pile o'money.

Nice to dream, eh?

Jim
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Old 01-10-2016, 08:31 PM   #22
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Now, if you take the annual annuity option, equal payout amounts over 29 years, you get full $1.3 billion, minus the taxes o'course.

Humm, decisions, decisions......

Oh, and BTW, I purchased the winning ticket this afternoon, so y'all quit worrying about winning.

Jim
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Old 01-10-2016, 08:32 PM   #23
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Now, if you take the annual annuity option, equal payout amounts over 29 years, you get full $1.3 billion, minus the taxes o'course.
No decision needed on my part. I's be very lucky indeed to live another 29 years, so I'd want all of my money in one lump sum.
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Old 01-10-2016, 08:43 PM   #24
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No decision needed on my part. I's be very lucky indeed to live another 29 years, so I'd want all of my money in one lump sum.
In one lump sum it still would be hard to spend it all in one life! God bless the person who gets it....
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Old 01-10-2016, 08:46 PM   #25
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In one lump sum it still would be hard to spend it all in one life!
Easy. Half would be spent on wine, women, and song, and the rest would be spent foolishly.
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Old 01-10-2016, 08:53 PM   #26
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I would use it to find Whirled Peas.

Oh, and get a new set of tires for Henri the '74 Sov,of course!
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Old 01-10-2016, 09:49 PM   #27
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I just looked it up........

Feds get 39.6%, the state where we live would get about 9%. So we would actually take a check to bank for roughly half the advertised jackpot. Right now, that would be about a $400,000,000 payday (look at all those zeros!).

That's still a pile o'money.

Nice to dream, eh?

Jim
Look up Canada, we get all the money from a lottery, no tax taken off! But our biggest prize is only a measly $60,000,000. Who could live on that.
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Old 01-10-2016, 10:50 PM   #28
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I would use the money to buy Thor Industries and shut down Airstream for good. This would thusly increase the value of my 310 turbo diesel motorhome and all your trailers. The only people that would be negatively affected by this bold and genius move, would be the Interstate owners as everyone else makes RV's on Mercedes chassis.......
However since the odds of winning (232.2 million-1) are less than if you never went to the Grand Canyon, but died there anyway's, and I don't have a ticket, the Interstate boys can breathe a sigh of relief.

Cheers, and good luck
Tony
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