General Discussion

TexasBushwhacker

(21,190 posts)

20. Write a bunch of $14K checks

Tue Aug 22, 2017, 09:45 PM

Aug 2017

*That's the limit you can give to a person and not have to pay gift tax (40%!). If you're married, you can each give $14K to as many people as you want. You can give that much to each of the members of a family. Maybe I would marry a friend so we can give twice as much to people!

I would set up some scholarships. I would give big gifts to Planned Parenthood and other worthy causes. I would contribute to some Democrats campaigns! I'd buy some medical and student loan debt for pennies on the dollar.

I'm 60 and used to living on $30K or less, so I could live like a queen on $100K a year. That leaves a lot to do good things with. I have lots of ideas!

*After consulting with an attorney and an accountant of course

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Poweball nears 700 millions $$$$$! [View all] imanamerican63 Aug 2017 OP

I wonder why they don't split that money up for 500,000 people ... hmmm uponit7771 Aug 2017 #1

Because no one would buy the tickets. n/t A HERETIC I AM Aug 2017 #5

I bought my ticket, but not expecting much MiniMe Aug 2017 #2

When is the drawing? KewlKat Aug 2017 #3

Powerball is Wednesday and Saturday A HERETIC I AM Aug 2017 #4

Тяцмр would be an asshole even if he was poor. ImpeachTheGOP Aug 2017 #6

Money is evil. L. Coyote Aug 2017 #7

$267.753 million take home after Federal taxes A HERETIC I AM Aug 2017 #8

Hope those are not Trump motels?????? imanamerican63 Aug 2017 #9

I said "great" and "historic" A HERETIC I AM Aug 2017 #10

!!!!!!!! imanamerican63 Aug 2017 #11

More than a 50% Federal tax rate? WinkyDink Aug 2017 #14

My figure is based on the stated $443.3 cash option A HERETIC I AM Aug 2017 #16

I'm in my Twenties so I'd probably take the Annuity (about 486 mil over 29 years). SaschaHM Aug 2017 #12

If I were the sole winner, and after taxes, I'd enrich all my relatives! And a couple friends! WinkyDink Aug 2017 #13

Don't forget me, your long lost cousin! imanamerican63 Aug 2017 #17

:-) WinkyDink Aug 2017 #24

I would become a philanthropist Generic Brad Aug 2017 #15

!!!!! imanamerican63 Aug 2017 #18

Play the ponies!... 10 to 1 is a reasonable $2 risk... Lostnote Aug 2017 #19

Write a bunch of $14K checks TexasBushwhacker Aug 2017 #20

Where are the ibljgatory "lotteries are a tax on the poor" posts? brooklynite Aug 2017 #21

If I won, I'd establish a foundation to pay the working poor the difference KewlKat Aug 2017 #22

All your dreams are moot mercuryblues Aug 2017 #23