I could blow through that $10K in a couple days easy. I'd wait until iTunes updates their movies to 1080P (supposedly coming soon) and buy movies. At $20 and up for the HD versions, it wouldn't take long. I'd also buy complete seasons of my favoritie TV shows/series.
Now downloading all that content - that could take awhile.
It hit the actual number many hours before the counter did.
I just missed winning, I just know it! I bought at the exact right moment but my credit card was rejected as I'd forgotten my new one just kicked in. By the time I found it and updated I missed the winning number ...
PS: Don't you also have to pay taxes on the $10,000 gift, too.
Yep.
So you lose the tax money on the initial $10,000 and then… 30% to Apple by buying the app. And then probably more tax on the income you got from the app.
So I really have no idea why he even suggested that.
It hit the actual number many hours before the counter did.
Yeah I had the counter on my windows pc while on my mac. The counter was still going and when I refreshed on my mac it had the 25 billion home page. Yet the counter was still going on my other computer from when it started hours earlier. I was bummed like I was really going to win anyway
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Now downloading all that content - that could take awhile.
waited for 2999 996 000 to ensure it would get through the waiting time. may have a good chance!
Stayed up til one to enter.
waited for 2999 996 000 to ensure it would get through the waiting time. may have a good chance!
It hit the actual number many hours before the counter did.
Dammit! Forget to buy free apps.
It hit the actual number many hours before the counter did.
I just missed winning, I just know it! I bought at the exact right moment but my credit card was rejected as I'd forgotten my new one just kicked in. By the time I found it and updated I missed the winning number ...
1) Win $10,000 gift card
2) Create your own app and set the price to $10,000
3) Buy your own app
4) Profit
This would be business income and so taxable.
This would be business income and so taxable.
True, but you would still be profit. If you needed cash (in a couple months) that would work... assuming Apple approved your app.
PS: Don't you also have to pay taxes on the $10,000 gift, too.
PS: Don't you also have to pay taxes on the $10,000 gift, too.
Yep.
So you lose the tax money on the initial $10,000 and then… 30% to Apple by buying the app. And then probably more tax on the income you got from the app.
So I really have no idea why he even suggested that.
It hit the actual number many hours before the counter did.
DAMNNNNNNN. Well i did download a few apps earlier in the day. i regret nothing
It hit the actual number many hours before the counter did.
Yeah I had the counter on my windows pc while on my mac. The counter was still going and when I refreshed on my mac it had the 25 billion home page. Yet the counter was still going on my other computer from when it started hours earlier. I was bummed like I was really going to win anyway
This would be business income and so taxable.
Just make a corporation, find an obscure loop hole and pay zero tax.