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Powerball is up to 100 Mil - What would you do with the money?

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KitchenWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:19 AM
Original message
Powerball is up to 100 Mil - What would you do with the money?
Edited on Thu May-11-06 04:07 AM by KitchenWitch
Figure about half would be taken up by taxes.

I would invest some of it, and give about 1/3 to charity.

On edit: And I would buy these!

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SeattleGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:21 AM
Response to Original message
1. #1: Pay off all debts.
#2: Make sure the family is taken care of.
#3: Make a huge contribution toward cleaning up the mess that is stil in the Gulf Region.
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REP Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:21 AM
Response to Original message
2. Fill My Gas Tank - Ta-da-dum
Thank you, please tip your servers.
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SeattleGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:23 AM
Response to Reply #2
3. Only if I had money left over!
:spray:
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jpgray Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:24 AM
Response to Original message
4. Give one dollar to 100 million people
That way no one is happy.
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Robeson Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:28 AM
Response to Original message
5. Well, we made a pact that we'd give each other a million if one of...
...us won. So I hope you are good to your word on that amount...;-)

I have no problem keeping up my end of the bargain...:-)
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KitchenWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:38 AM
Response to Reply #5
6. I am good for my end!
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Robeson Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:41 AM
Response to Reply #6
7. Then we are good. Two chances are better than one...
...I'm all for increasing the odds...:thumbsup:
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REP Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:44 AM
Response to Original message
8. Seriously...
I'd pay off the mortgages on my brother's and mother's houses and buy myself one. Probably buy Mom a smaller, one-story house too. I'd also set up trusts for Mom, my brother, me and for the Loved One (and I'd pay off his car if he hasn't already). Set up some sort of fund to cover any possible medical expenses and any household rewiring/replumbing/etc needed to accomodate my care. Invest. Invest in, donate to and set up animal rescue/care and women's reproductive health and freedom.

And shoes.
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KitchenWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:50 AM
Response to Reply #8
9. I hear you about the shoes!
:rofl:
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BikeWriter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:04 AM
Response to Original message
10. I'd spend most of it on booze and fast women. I'd waste the rest.
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951-Riverside Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:04 AM
Response to Original message
11. I'd donate most of it
...to myself, buy my brother a family van and marry an albino woman (don't ask).
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KitchenWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:09 AM
Response to Reply #11
12. sounds very interesting!
:hi:
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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:14 PM
Response to Reply #11
32. so you are going to keep most of it
while your brother lives in a van DOWN BY THE RIVER??? You are like seafood - totally shellfish.
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smtpgirl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 01:09 AM
Response to Reply #32
44. I live with Chris Farley too
I came from a van down by the river
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SeattleGirl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:10 AM
Response to Original message
13. Damnit, Kitchey, you STOLE my boots!
:rofl:
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KitchenWitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:13 AM
Response to Reply #13
14. If I win the Powerball - I will buy you a pair!
:evilgrin:
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tjwmason Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:16 AM
Response to Original message
15. I'd probably figure out how much it would take for me to live comfortably
and I mean comfortably - no work, houses in London, country, and probably Florence too &c.

Buy some land and turn it to organic farming.

Then put the rest into a charitable fund to be used as and when issues arise.
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In_The_Wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:17 AM
Response to Original message
16. Hire a chauffeur.

:evilgrin:
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Omphaloskepsis Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:20 AM
Response to Original message
17. I would convert the remainder (after taxes) into silver dollars..
Then I would go all Scrooge McDuck and dive into a swimming pool full of them.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 06:24 AM
Response to Original message
18. Paying some bills and then paying some hookers
Edited on Thu May-11-06 06:29 AM by HypnoToad
Okay, I wouldn't be buying that sort of thing, but the word just as a cool sound to it! Especially when bender says it...
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mikeytherat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 07:39 AM
Response to Reply #18
20. One $100,000,000 hookerbot, or 100 $1,000,000 hookerbots?
mikey_the_rat
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:31 PM
Response to Reply #20
34. Good reference!
:rofl:
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BlueJazz Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 07:27 AM
Response to Original message
19. I would give EVERY Dime to the poor.
ME :)
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Squeech Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:01 AM
Response to Original message
21. Newspaper
I understand that, since a media conglomerate has bought up the Knight-Ridder chain and thinks it's too much, some of those papers are going to be sold off. I'd buy one and turn it into the dead tree version of DU or Truthout. If it were the Philadelphia Inquirer, I already know who I'd hire to run it, Susie Madrak of the blog Suburban Guerrilla.
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YankeyMCC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:16 AM
Response to Original message
22. Pay off debts
Give much of the rest to charity and friends and family, some of the family I would do things like pay off mortgages.

Make sure there's enough for my son's college.

Then if there's enough left retire. When I think of this sort of thing I always struggle with how much I could keep. Beyond paying off debts and giving my son a good foundation (enough to pay for a college or start off a business or something) should I really keep any more? I'm employable and make a good living and should have plenty for retirement, particularly if I'm able to pay off my one debt, my mortgage, early due to a windfall. If I have any left I'd wonder that I should've given more to charity or people around me that are in more need.

I'm not completely crazy I'd do at least one fun thing for myself, but it'd be likely something like a long vacation to an interesting destination. Time to hike through the AT or a trip to Antarctica. But that's not much of a piece out of $50-100M



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Hugin Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 08:22 AM
Response to Original message
23. Blow it all on Lottery Tickets...
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msatty99 Donating Member (465 posts) Send PM | Profile | Ignore Thu May-11-06 08:28 AM
Response to Original message
24. Establish the "MSATTY99 Foundation" and fund
my own funny little projects.

a. Hire a person to hook up a monster TV screen on the side of a
van...park in front of the Courthouse and run "And Justice For All"
all day long while the court does bidness

b. Buy some major landmarks and paint them bright PINK

c. Petition for redress

d. commission a round the world cruise vessel, staff it, and
invite my friends for a whirl

e. hire a personal body trainer.

f. send engraved embossed letters to local repubs and ask what
I can expect in return for 10g donations to their campaigns

g. ditto for local dem officials
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doc03 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 11:04 AM
Response to Original message
25. I would share it with my immediate family and give
most of it away anonymously to people in need. One million or so for myself would be plenty since I'm single and have no need for that much material possession. A new modest home with a few acres and a real nice car and number one would be the ability to tell my employer to go F--- himself.
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 11:34 AM
Response to Original message
26. Start my new career as a porn director
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elfrangel Donating Member (661 posts) Send PM | Profile | Ignore Thu May-11-06 11:38 AM
Response to Original message
27. First I would
get completely out of debt, including school loans.

Then, I would donate to a local charity, probably the Humane Society.

2 cars: one for me and one for choralscholar

Set aside some for college for EPR and AER.

Find a way to live off the interest of the remainder.



Would love to buy a house, but we have no idea where we are going to settle yet, so I'd wait on that.
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hyphenate Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 11:46 AM
Response to Original message
28. With 100 million
you would get 1/2 of that in a cash settlement; about 40% of that $50 million would go to federal taxes, so you would wind up with about $30 million, total.

The first thing I would do is buy a few houses--one of which would be my dream home around Gloucester or Rockport, MA. And I would invest in a couple of other real estate properties in the same area that I could run as B&Bs. That would use about $5 million after I was finished with furnishings and renovations.

I'd buy my mom a house in SoCal big enough for her to allow my sister to live with her if she wanted, and I would finish paying the mortgage on my brother's house as well.

I'd also buy a small house for mostly vacations on the beach/ocean in SoCal so I'd have access to both east and west coasts.

I'd upgrade my van to a brand new one--most likely a FreeStar since I have a Windstar now. And I'd buy a hybrid for every day use for getting around, both here and in SoCal.

I don't care for much when it comes to "luxury items" but there was this one coffee table that I saw many years ago from Lalique which had a mountain lion etched in its side that I would try to find.

I would start a foundation for charities that are important to me--allowing a sizable donation on a yearly basis.

I would travel to some of the places I've always wanted to see, like Giza and Luxor, the rest of Europe, the Serengeti Plains and Tanzania, Hong Kong, the Taj Mahal, New Zealand and Sydney, and back via Hawaii.

I'd invest the rest.
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MadHound Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:07 PM
Response to Original message
29. Oh, that's easy enough
About forty percent would be taken up by taxes, leaving me 60 mill. I would take a million off the top in order to pay off the house, finish remodeling, buy a wind turbine, and to have some "mad money" to play with. Then I would invest about six million dollars in tax free muni bonds, sure, I'd only get five percent interest, but their a very safe investment. The other fifty million or so I would invest the same way, but the interest I would give to my favorite charity. Oh, and everything, money, houses, charity investments, all would go into two seperate trust funds.

Interest off of six million would run around 300,000/yr. I can live quite comfortably off of that, I really wouldn't need any more than that. So I'd just set it all up as a trust fund that keeps on giving.
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hfojvt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:11 PM
Response to Original message
30. buy the Minnesota Twins
and move them to Sioux City, Iowa. :evilgrin:
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noonwitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:14 PM
Response to Original message
31. Keep 10 million and give the rest to charity
10 million is more than enough for me and my loved ones.

I'd split the rest up between my church, the Michigan Humane Society, Habitat for Humanity, my sister's YWCA branch, the Salvation Army/Red Cross disaster relief funds, and some Detroit area children's charities. Or else I would start my own charity, an agency for foster kids who are now adults, but had run away and were out of the system at the time they were technically discharged. It would be to help them with educational and job skills, because they are too old to take advantage of the states' programs.
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billyskank Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:19 PM
Response to Original message
33. Special KitchenWitch-sized ones, of course!
:7
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SteppingRazor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 01:34 PM
Response to Original message
35. What would I do with $100M? Die an early death, most likely
:evilgrin:
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texas1928 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 02:19 PM
Response to Original message
36. First I would keep working.
I would pay off my bills. Get my wife the car of her dreams and get me a new car. I would give my parents about 5 million so that my dad could retire. I would give my In-laws the same. I would buy a nice house(not a huge house, maybe a nice 4 bedroom.) I don't want a big house. I want something I can afford the taxes in the years to come. I would buy some land and get me a couple of horses. I want a place where I can go on the weekends and on vacation. That would still leave me with a lot of money.

The other thing is I would not take the lump sum. I would get the pay out. So then you do not run the risk of spending it to quickly. I would put at least 2 million in a savings account. Then the rest in IRAs and Mutual Funds. The savings account would be used as a fund for charities and things. I would donate from it twice a year from the interest. So that way my favorite charities and other groups would get new money twice a year.
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Midlodemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 02:21 PM
Response to Original message
37. I would set aside some for my family, but the majority would go
towards establishing a foundation in memory of my parents.
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Love Bug Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 02:22 PM
Response to Original message
38. I'd hire a marching band to march through the parking lot at work, playing
"Take This Job and Shove It" while I ride behind in an open-top convertable waving the Royal Wave "buh-bye"! I'd be wearing a tiara, too, dammit!
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BelleCarolinaPeridot Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 03:18 AM
Response to Reply #38
49. I love LOVE that idea !
Hells YEAH !
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ComerPerro Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:07 PM
Response to Original message
39. When you do buy those, take a picture!
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Xipe Totec Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:11 PM
Response to Original message
40. I'd go back to school full time
I'd get a degree in everything...

... Alphabetically.

:bounce:
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NoPasaran Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 03:14 PM
Response to Original message
41. I would hire some mariachis to serenade me wherever I went
I'd probably do some crazy stuff with the money too.
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KamaAina Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-11-06 04:14 PM
Response to Original message
42. Found an institute similar to Cooper Union, but in NOLA
where the need for free adult education is greatest.

One property suitable for such an institution is on an acre and a half in the Coliseum Square section, or Lower Garden District, where there are several properties nearby eminently suitable as the Headmaster's Residence. :-)

Of course, my present state is still lottery-free, so it'll have to keep on going up until I travel to "the Continent" next month..
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UrbScotty Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 01:05 AM
Response to Original message
43. Taxes, politics, and philanthropy
Edited on Sat May-13-06 01:09 AM by ih8thegop
$40,000,000 for taxes

Charity:
$5,000,000 for hurricane relief
$5,000,000 for tsunami relief
$5,000,000 for Pakistani earthquake relief
$5,000,000 for hunger, poverty, etc.
$5,000,000 for other charitable causes

Politics:
As much as I can give to the Progressive Patriots Fund, MoveOn, WesPac, Democracy for America, and the One America Committee

$1,000,000 to the DNC
$100,000 to the Michigan Democratic Party

$2,000 each to 250 deserving Democrats across the country ($500,000 total)

$3,375 to Granholm for Governor (the limit is $3,400; I've already given $25)
$2,000 to Stabenow for Senate
$2,000 to each Democrat running for US House in Miichigan ($30,000)
$1,000 to each Democrat running for Michigan Legislature (up to $148,000)
$500 to each county Democratic Party in Michigan ($41,500)

Also:
$5,000,000 to Central Michigan University
$1,000,000 each to the Carter Center and the Clinton Foundation

...and save the rest until I decide what to do with it.
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smtpgirl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 01:11 AM
Response to Original message
45. Those boots look like Victoria Gotti boots
HMM, you loook sleek
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LiberalHeart Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 01:37 AM
Response to Original message
46. I'd buy a round of drinks for everyone in this thread. (n/t)
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Haole Girl Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 01:39 AM
Response to Original message
47. Move to Hawaii
And live there forever!
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qnr Donating Member (1000+ posts) Send PM | Profile | Ignore Sat May-13-06 02:49 AM
Response to Original message
48. Buy 100,000,000 lottery tickets, to see if my odds were really as low as
they say.


I'm joking, I'm joking...
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