Tuesday, October 28, 2008

Forget $250,000.

Let's say you win $1,000,000.00 tomorrow. How are you going to spend it? What would you do with a million bucks?

11 comments:

  1. I would finish my dad's house and add solar water and electricity as well as a glass porch for passive heating. I would invest enough to pay the taxes on the property. I would start a nonprofit community garden where less fortunate people could grow their own food.
    The rest would probably go to taxes for the winnings.
    Before the collapse of the economy, I probably would have invested it for an income that I would only have to pay 15 percent federal income tax on. Much less than I pay as a worker.
    I have to admit that this is a fun exercise in light of the current economic situation.

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  2. Well, I'm thinking a really beautiful horse, a stable and a fenced field and enough food and all the gear ...hmmm, I think I used up my million plus a bit more.

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  3. First, I would find a good accountant to keep the greedy bastard liberal democrat socialists from stealing it all and giving it to lazy undeserving slobs.

    Second, head for the Bahamas. For good.

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  4. A house for me, one for my parents, one for my brother. A new car. Or two. Pay off my credit cards.

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  5. Set aside $100,000 for each kid and my mom (that's $400,000), plus another $100,000 for debt and taxes.

    Divide $100,000 between Food for People, the Eureka Mission, Miranda's Rescue, KMUD and Doctors Without Borders (and probably a few other nonprofits as well). Get a lifetime membership to Surfrider Foundation.

    Convince my landlords to sell us the house we're living in for less than the $400,000 left. (Let's hope for $350K.) Then Bobby won't have to work to pay rent -- he can do art all the time -- and once that's covered, we can keep on keepin' on.

    Out of the remaining $50,000, I'd pay for Bobby to get Lasik surgery, stock up on emergency supplies, including Nick's diabetic prescriptions -- and then I'd do those silly things like get the cars tuned up and buy everyone new wetsuits and board bags.

    I suppose some sort of investment would be more appropriate, something to live off of, but I have no experience and no real faith in the marketplace (hahaha), so cash and goods would be the ticket.

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  6. Out of the million about 40% (or more)would go to taxes. Still alot of money. Enough for new wet suits if that fits into your thought process. Other than that 9:26 PM has a couple valid points.

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  7. Hmmm....'twould buy a house up above and just a little out of town, pack the larder, drill a well and buy more ammo........

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  8. the government will take 50 percent under the dems' plan so should you ask what you would do with 500,000 dollars instead?

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  9. Half for my kids and grandkids and half to publish and distribute the Gospel of Humanity to save the world.

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  10. the feds will take 30-40 percent, the state will take 10 percent, social security is 15 percent or so, unemployment is _?

    How much will I really have to spend? Maybe I can afford a place in a trailier park on the trinity. if I can afford the sales tax and insurance.

    but, hey I'm rich.

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  11. Maybe move to Iraq. I hear it's a democracy now.

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