• Couple wins lottery, buys sewage treatment plant
    44 replies, posted
[QUOTE=valkery;39871810]My school is a half block away from my sewage treatment plant. I never smell anything coming off of our plant.[/QUOTE] Habituation?
[QUOTE=Dantai;39871834]Habituation?[/QUOTE] Nope. I can smell shit. I can distinguish between five different types if you want me to. Our plant never smells of anything other than chlorine and water.
[QUOTE=Cheeseist;39870945]After winning half of a staggering $587 million Powerball payout in November (netted to [b]$136.5 million[/b] after taxes) Are you fucking shitting me? All of that money lost to taxes?[/QUOTE] the 587 is not the cash option, 587 is cash and prizes over an X year pay out, usually the cash payout is 70% the advertised jackpot
[QUOTE=Dantai;39871786]I wouldn't want my new $294,000,000 self to be publicized..[/QUOTE] I've read of a few cases where people have sued lottery winners for virtually no reason, and get money as settlement because going through dozens of legal battles would be too expensive.
I'd hire a Japanese engineer to build me a life size Gundam suit. Then I set up a neighborhood watch with me as the captain, and I'd patrol in the suit.
[QUOTE=Cheeseist;39870945]After winning half of a staggering $587 million Powerball payout in November (netted to [B]$136.5 million[/B] after taxes) Are you fucking shitting me? All of that money lost to taxes?[/QUOTE] oh no they only ended up getting 136.5 million dollars in return for the couple bucks they blew on a lottery ticket and the rest of that money's going to stupid things like improving the country's infrastructure and education wow corrupt government come on, what if they wanted to buy 100 bugatti veyrons GIVE THEM WHAT THEY DESERVE
[QUOTE=Cheeseist;39870945]After winning half of a staggering $587 million Powerball payout in November (netted to [b]$136.5 million[/b] after taxes) Are you fucking shitting me? All of that money lost to taxes?[/QUOTE] It's not really lost, though - for example, much of it will eventually end up in the F35 program.
[QUOTE=mobrockers2;39871074]Uh what are you talking about? They're not tax exempt at all, they just appear to be because the winner isn't directly paying the tax himself.[/QUOTE] That's what I meant, you're tax exempt from whatever you win because they already paid them. If you win 100 million in euromillions, you keep those 100 million, whatever the value was before has nothing to do with you because they already paid those taxes.
Facepunch will never cease to amuse me. Hundreds of threads on how the rich do nothing good for the poor. One thread in which a newly made rich man puts his money to civic use and it's filled with complaints about taxes :v:
[QUOTE=Aman VII;39871535]Dumb that you get taxed on a prize. Here in Canada they can't touch our winnings[/QUOTE] You're taxed on the income they generate. If your bank account finds itself with a few million in there you're going to have a massive tax bill at the end of the year. Besides, proceeds from the lottery go to the government anyway
[QUOTE=Cheeseist;39870945]After winning half of a staggering $587 million Powerball payout in November (netted to [b]$136.5 million[/b] after taxes) Are you fucking shitting me? All of that money lost to taxes?[/QUOTE] Yet GE didn't have to pay taxes on their billions in profits the other year
Christ, if I won 100+ million dollars I'd build myself the most badass house ever, and with like the remaining money I'd use a huge chunk to start the awesome R&D company that I want to eventually create (would have an almost Valve like approach to work in regards to doing your own thing and such). Fuck sewage treatment, there's science to be done!
[QUOTE=DeanWinchester;39872458]That's what I meant, you're tax exempt from whatever you win because they already paid them. If you win 100 million in euromillions, you keep those 100 million, whatever the value was before has nothing to do with you because they already paid those taxes.[/QUOTE] This means that it doesn't matter because whether they pay tax before hand, or you pay tax afterwards, the tax is paid. The only difference is the moment.
ITT tax
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