if I had 100 million$ it would be an entirely different story
mine would be basically the same as 1m, just in different amounts. still all about the hookers, and drugs. if i come to some born again realization or some shit, i might just buy some small island nation. maybe 2.
Oh come all you liberal types. The first thing you would do if you had a million dollars is give $386,000 to the federal government. Then you get to move on to your respective state income tax. Don't forget Social Security up to the means tested limit...
Thinking only of yourselves again?!? You know the little guy who didn't get the lightening strike you did deserves his/her fair share first.
You might have about $500k or so left to play around with...but don't buy any big ticket items or I'm making sure you pay a luxury tax. Don't buy any houses either or else you've got property tax.......
Most of all, make sure you smile while doing all this. When I wave my child tax credits under your nose, I want you to smile about the money you gave me. If you don't smile, well then you are a heartless pig who doesn't realize how lucky they have it.
I would live like a king for the rest of my life, zooming all over the world to my private islands, mansions, and yachts in a gold plated gulfstream jet with my face carved in platinum on each wing.
If I couldn't make it stretch that far I'd probably do the same as most others here. Pay off college loans, make a downpayment on property that could provide some rental income. Gifts for family and friends and maybe some nice bits of studio gear I've had my eye on for me.
tumpetman, when did you get so darned sour? (or is the smirking devil supposed to imply mischief in sarcasm?)
Ding, ding, ding, ding... give that person a prize.
I'm just being an ass. So many people on here go on and on about the "rich" being mostly evil and all. Then you see most of the replies and it is "pay off all my old spending" (credit cards, car loans, etc.) and then do more spending.
Hmm, if I had . . . ONE MEEELION DOLLARS Living in the US I would:
1) Pay off debt:
16K my undergraduate loans
12K sister's undergrad loans
100K Girlfriend's law school
40K last of Parent's Mortgage on their house
2) Set aside:
50K for further graduate education for myself
100K for kids education someday
150K to start a retirement account for myself
80K for health insurance for family over 25 years
That leaves: 1000K-548K = 452K
[Notice that except for my parent's mortgage, these expenses would be free under a European social welfare system and I wouldn't have to use up half of my money to guarantee that my family would be healthy, educated and not destitute in old age. A nice side effect would be that people who don't have one meelion dollars don't have to worry about that either. . . neat how that works, huh? Putting people in huge debt right out of the starting gate of life is the US method for scaring/forcing them away from dedicating their time to changing the world.]
Then I would pay taxes, say 40% of original 1000K. That leaves say 50K for:
1) Kickass Video Camera: Top of the line DV with all the fixin's and sound equipment $5K
2) dual G5 2.5 Ghz with the biggest damn display Apple makes at the time (as long as it is aluminum look ) & assorted fixin's 5K
3) a 15' G5 PB the minute they come out 3K
4) a car that won't break down all the time 10K
5) Great gifts for friends 3K
6) Great vacation (finally!) 4K
Above stuff adds up to 30K
Finally, I would donate 10K to a local community group helping the homeless and would donate 10K to local organizers as seed money to support anti-war / anti-Bush events and organizing.
If I lived in Europe I would pay 70% taxes immediately, leaving me with 300K to
1) Pay off my parent's house, (say costs 140K instead of 40K in Europe)
2) 50K contingency money for kids etc. . .
3) Selfish stuff - computers, car, camera, vacation listed above. . . . 40K ("stuff" costs more in Europe)
Leaving me with 70K to donate around . . . instead of beating Bush I would focus on environmental/artistic philanthropy I think.
Comments
Oh wait you said only a million?
Originally posted by pfflam
if I had 100 million$ it would be an entirely different story
mine would be basically the same as 1m, just in different amounts. still all about the hookers, and drugs. if i come to some born again realization or some shit, i might just buy some small island nation. maybe 2.
Thinking only of yourselves again?!? You know the little guy who didn't get the lightening strike you did deserves his/her fair share first.
You might have about $500k or so left to play around with...but don't buy any big ticket items or I'm making sure you pay a luxury tax. Don't buy any houses either or else you've got property tax.......
Most of all, make sure you smile while doing all this. When I wave my child tax credits under your nose, I want you to smile about the money you gave me. If you don't smile, well then you are a heartless pig who doesn't realize how lucky they have it.
Nick
If I couldn't make it stretch that far I'd probably do the same as most others here. Pay off college loans, make a downpayment on property that could provide some rental income. Gifts for family and friends and maybe some nice bits of studio gear I've had my eye on for me.
So I get the mil when I hit 1,000 posts, yeah?
Originally posted by rok
tumpetman, when did you get so darned sour? (or is the smirking devil supposed to imply mischief in sarcasm?)
Ding, ding, ding, ding... give that person a prize.
I'm just being an ass. So many people on here go on and on about the "rich" being mostly evil and all. Then you see most of the replies and it is "pay off all my old spending" (credit cards, car loans, etc.) and then do more spending.
No charities, no helping others.....
I'm not sour, sarcastic, but not sour.
Nick
1) Pay off debt:
16K my undergraduate loans
12K sister's undergrad loans
100K Girlfriend's law school
40K last of Parent's Mortgage on their house
2) Set aside:
50K for further graduate education for myself
100K for kids education someday
150K to start a retirement account for myself
80K for health insurance for family over 25 years
That leaves: 1000K-548K = 452K
[Notice that except for my parent's mortgage, these expenses would be free under a European social welfare system and I wouldn't have to use up half of my money to guarantee that my family would be healthy, educated and not destitute in old age. A nice side effect would be that people who don't have one meelion dollars don't have to worry about that either. . . neat how that works, huh? Putting people in huge debt right out of the starting gate of life is the US method for scaring/forcing them away from dedicating their time to changing the world.]
Then I would pay taxes, say 40% of original 1000K. That leaves say 50K for:
1) Kickass Video Camera: Top of the line DV with all the fixin's and sound equipment $5K
2) dual G5 2.5 Ghz with the biggest damn display Apple makes at the time (as long as it is aluminum look
3) a 15' G5 PB the minute they come out 3K
4) a car that won't break down all the time 10K
5) Great gifts for friends 3K
6) Great vacation (finally!) 4K
Above stuff adds up to 30K
Finally, I would donate 10K to a local community group helping the homeless and would donate 10K to local organizers as seed money to support anti-war / anti-Bush events and organizing.
If I lived in Europe I would pay 70% taxes immediately, leaving me with 300K to
1) Pay off my parent's house, (say costs 140K instead of 40K in Europe)
2) 50K contingency money for kids etc. . .
3) Selfish stuff - computers, car, camera, vacation listed above. . . . 40K ("stuff" costs more in Europe)
Leaving me with 70K to donate around . . . instead of beating Bush I would focus on environmental/artistic philanthropy I think.
Peace,
Curufinwe
Originally posted by BRussell
I'd give it all to Moveon.org!
Contributions to MoveOn.org are not tax deductible because they will be used to influence legislation.
For more information about contributions, contact us at info@moveon.org.
Just remember to pay the half million of taxes yourself.
Nick
Originally posted by BRussell
I'd give it all to Moveon.org!
do I detect some sarcasm BRus?
Originally posted by BRussell
I'd give it all to Moveon.org!
Not a fan?