I won't be working Thursday - Page 2 - Corvette Forum : DigitalCorvettes.com Corvette Forums
 
 
Go Back   Corvette Forum : DigitalCorvettes.com Corvette Forums > Other Discussions/Topics > News Room
Register Forums Garage Garage Mark Forums Read Auto EscrowInsurance

Notices

News Room This section is for discussing current events.

Shops/Tuners
Custom Image Corvettes
A&A Corvette
Corvette tuner

Interior
Corvette aftermarket products

Insurance

Parts & Products
Race Ramps
Edelbrock
ATI/Procharger
Corvetteguys.com
Melrose Motorsports
Parts Taxi
Airaid
Mid America Motorworks
Pfadt Racing
Madvette Motorsports
Hi-tech Custom Concepts
Corvette aftermarket products
Corvette Garage
Corvette Parts and Accessories
Corvette Car Care Products
Corvette HID
Mid America Motoroworks

Tracks/Schools
Bob Bondurant School of High Performance Driving
Corvette driving school

Wheels/Tires
Cray Wheels

Services
BADWERKS.com
Reply
 
Thread Tools
Old 11-29-2012, 04:01 AM   #16
rlphvac
DC Crew
 
Posts: 601
Member #68962
Member since: Jan 2008
Location: Elizabeth Pa U.S.A.

My Corvette(s)
81 C3

Thanks: 104
Thanked 17 Times in 10 Posts
1 winning ticket from Arizona I wonder if Patrick was lying ?
rlphvac is online now   Reply w/quote Quick reply to this message
Sponsored Links
Advertisement
 
Old 11-29-2012, 06:44 AM   #17
Texdentist
 
Texdentist's Avatar
 
Posts: 17,276
Member #76657
Member since: Oct 2008
Location: Crowley, TX

My Corvette(s)
2013 Coupe, 2009 Coupe - traded, '74 Coupe totalled, '77 Coupe sold

Thanks: 26
Thanked 386 Times in 288 Posts
Quote:
Originally Posted by rlphvac View Post
1 winning ticket from Arizona I wonder if Patrick was lying ?
I thought the same thing!

Hey, I got two numbers right on three different tickets. Six numbers is a winner, right??
Texdentist is online now   Reply w/quote Quick reply to this message
Old 11-29-2012, 06:55 AM   #18
Junkman2008
DC Pit Crew Boss
 
Junkman2008's Avatar
 
Posts: 24,146
Member #71977
Member since: Apr 2008
Location: Louisville, KY

My Corvette(s)
2001 Navy Blue Metallic Coupe

Thanks: 141
Thanked 444 Times in 345 Posts
Garage
Quote:
Originally Posted by Texdentist View Post
I thought the same thing!

Hey, I got two numbers right on three different tickets. Six numbers is a winner, right??
See you at the office this morning.
Junkman2008 is online now   Reply w/quote Quick reply to this message
"Marines - Making the other guy die for his country for over 200 years."
Old 11-29-2012, 07:25 AM   #19
the machine
 
the machine's Avatar
 
Posts: 7,749
Member #67421
Member since: Nov 2007
Location: Glen Gardner NJ USA

My Corvette(s)
1966 Big Block Vert, 2008 Z06, 1959 fuelie, 1959 vert. Non vette cars ...2011 CTS-V wagon, 2008 Humr

Thanks: 17
Thanked 25 Times in 22 Posts
Quote:
Originally Posted by rlphvac View Post
1 winning ticket from Arizona I wonder if Patrick was lying ?
Yes I hear it was sold in some dinky little town called Gilbert. Patrick never lies....some times he just obfuscates.
the machine is offline   Reply w/quote Quick reply to this message
Welcome to the Machine....
Old 11-29-2012, 07:37 AM   #20
walleyfisher
DC Crew
 
walleyfisher's Avatar
 
Posts: 4,843
Member #81755
Member since: Feb 2009
Location: North of Illinois

My Corvette(s)
1974 coupe & 1984 coupe

Thanks: 11
Thanked 41 Times in 34 Posts
Quote:
Originally Posted by the machine View Post
Yes I hear it was sold in some dinky little town called Gilbert.
Could a un-documented immigrant be the winner?
walleyfisher is online now   Reply w/quote Quick reply to this message
"If you're not on somebody's shit list, you're not doing anything worthwhile"
Old 11-29-2012, 07:53 AM   #21
Texdentist
 
Texdentist's Avatar
 
Posts: 17,276
Member #76657
Member since: Oct 2008
Location: Crowley, TX

My Corvette(s)
2013 Coupe, 2009 Coupe - traded, '74 Coupe totalled, '77 Coupe sold

Thanks: 26
Thanked 386 Times in 288 Posts
Quote:
Originally Posted by walleyfisher View Post
Could a un-documented immigrant be the winner?
I wonder if it was a Democrat. If so, we probably have one more recruit into the Republican Party since he/she will now be among the hated 1%, not to mention he will want to hang on to as much of his money as possible.

Quote:
Originally Posted by Junkman2008 View Post
See you at the office this morning.
Yeah, already got my nose to the grindstone. Poverty sucks.
Texdentist is online now   Reply w/quote Quick reply to this message
Old 11-29-2012, 08:20 AM   #22
the machine
 
the machine's Avatar
 
Posts: 7,749
Member #67421
Member since: Nov 2007
Location: Glen Gardner NJ USA

My Corvette(s)
1966 Big Block Vert, 2008 Z06, 1959 fuelie, 1959 vert. Non vette cars ...2011 CTS-V wagon, 2008 Humr

Thanks: 17
Thanked 25 Times in 22 Posts
Quote:
Originally Posted by Texdentist View Post
I wonder if it was a Democrat. If so, we probably have one more recruit into the Republican Party since he/she will now be among the hated 1%, not to mention he will want to hang on to as much of his money as possible.
Regardless of party more than likely the winners life will not turn out to be the dream he thought. The vast majority of lotery or large jackpot winners end up in worse shape than when they won. Many times they lose all thier friends and much of their family. They are constantly bombarded by sob stories of kids with cancer that just need a few million dollars for that experimental therapy that is sure to save thier life.

They win a million, or ten million, or a hundred million and spend like they won 10xs more. They borrow against the money and soon end up in more debt than they had before.

Don't get me wrong...I would love the chance to do better than those people, but life is life and having lots of money doesn't solve all your problems.

As for the tax issues....top rate is 35% today. Assuming you were one of the winners and split the $579million prize, your share would be $289.5 million. If you take the one time payout instead of the anuity you get about $217 million. Your tax bite on that would be 35% today so you would end up with $141 million. If you put that into an investment that pays 3% a year you would make $4,230,000 a year. The tax on that would be again 35% so you would net out $2,749,500 a year. Now if the tax rates go up to the maximium they are asking for 39%, you would net out only $2,580,300 a year after taxes.

Do you think that person would bother getting all bent out of shape over taxes for $169k less in take home? I sure wouldn't.
the machine is offline   Reply w/quote Quick reply to this message
Welcome to the Machine....
Old 11-29-2012, 10:37 AM   #23
92Roadster
 
Posts: 11,227
Member #36181
Member since: Jun 2005

Thanks: 321
Thanked 334 Times in 219 Posts
Two lucky ticket holders one in Arizona and another in Missouri

.....rumor has it Patrick (Arizona) is meeting up with Ivan (Missouri)........
92Roadster is offline   Reply w/quote Quick reply to this message
Old 11-29-2012, 11:06 AM   #24
Texdentist
 
Texdentist's Avatar
 
Posts: 17,276
Member #76657
Member since: Oct 2008
Location: Crowley, TX

My Corvette(s)
2013 Coupe, 2009 Coupe - traded, '74 Coupe totalled, '77 Coupe sold

Thanks: 26
Thanked 386 Times in 288 Posts
Quote:
Originally Posted by the machine View Post
Regardless of party more than likely the winners life will not turn out to be the dream he thought. The vast majority of lotery or large jackpot winners end up in worse shape than when they won. Many times they lose all thier friends and much of their family. They are constantly bombarded by sob stories of kids with cancer that just need a few million dollars for that experimental therapy that is sure to save thier life.

They win a million, or ten million, or a hundred million and spend like they won 10xs more. They borrow against the money and soon end up in more debt than they had before.

Don't get me wrong...I would love the chance to do better than those people, but life is life and having lots of money doesn't solve all your problems.

As for the tax issues....top rate is 35% today. Assuming you were one of the winners and split the $579million prize, your share would be $289.5 million. If you take the one time payout instead of the anuity you get about $217 million. Your tax bite on that would be 35% today so you would end up with $141 million. If you put that into an investment that pays 3% a year you would make $4,230,000 a year. The tax on that would be again 35% so you would net out $2,749,500 a year. Now if the tax rates go up to the maximium they are asking for 39%, you would net out only $2,580,300 a year after taxes.

Do you think that person would bother getting all bent out of shape over taxes for $169k less in take home? I sure wouldn't.
Well, another way to look at it is, when he figures out that $60-70M of his wealth just disappeared into the Dems wallets to spend on buying votes, he might look at the Pubs stance on lower taxes with new eyes.
Texdentist is online now   Reply w/quote Quick reply to this message
Old 11-29-2012, 12:24 PM   #25
92Roadster
 
Posts: 11,227
Member #36181
Member since: Jun 2005

Thanks: 321
Thanked 334 Times in 219 Posts
Quote:
Originally Posted by Texdentist View Post
Well, another way to look at it is, when he figures out that $60-70M of his wealth just disappeared into the Dems wallets to spend on buying votes, he might look at the Pubs stance on lower taxes with new eyes.
....why does everything get turned into a PRC thread....
92Roadster is offline   Reply w/quote Quick reply to this message
Old 11-29-2012, 12:30 PM   #26
Chris Draper
DC Crew
 
Chris Draper's Avatar
 
Posts: 2,764
Member #3332
Member since: Oct 2003
Location: Gilbert, AZ

Thanks: 21
Thanked 189 Times in 104 Posts
Also there were 58 winners of $1 million and there were eight winners of $2 million.
Chris Draper is offline   Reply w/quote Quick reply to this message
Corvette Info Center http://corvette-info.tripod.com
Corvette Racing History http://corvette-racing.tripod.com
Corvette Concepts History http://corvette-concepts.tripod.com
Corvette Info Center Facebook Page http://www.facebook.com/corvetteinfocenter
Old 11-29-2012, 01:52 PM   #27
Junkman2008
DC Pit Crew Boss
 
Junkman2008's Avatar
 
Posts: 24,146
Member #71977
Member since: Apr 2008
Location: Louisville, KY

My Corvette(s)
2001 Navy Blue Metallic Coupe

Thanks: 141
Thanked 444 Times in 345 Posts
Garage
Quote:
Originally Posted by the machine View Post
... Don't get me wrong...I would love the chance to do better than those people, but life is life and having lots of money doesn't solve all your problems.


I got more pussy from the hottest women when I was poor, broke and damn near homeless. Being rich is overrated.
Junkman2008 is online now   Reply w/quote Quick reply to this message
"Marines - Making the other guy die for his country for over 200 years."
Old 11-29-2012, 01:53 PM   #28
Junkman2008
DC Pit Crew Boss
 
Junkman2008's Avatar
 
Posts: 24,146
Member #71977
Member since: Apr 2008
Location: Louisville, KY

My Corvette(s)
2001 Navy Blue Metallic Coupe

Thanks: 141
Thanked 444 Times in 345 Posts
Garage
Quote:
Originally Posted by 92Roadster View Post
....why does everything get turned into a PRC thread....
Junkman2008 is online now   Reply w/quote Quick reply to this message
"Marines - Making the other guy die for his country for over 200 years."
Old 11-29-2012, 03:12 PM   #29
the machine
 
the machine's Avatar
 
Posts: 7,749
Member #67421
Member since: Nov 2007
Location: Glen Gardner NJ USA

My Corvette(s)
1966 Big Block Vert, 2008 Z06, 1959 fuelie, 1959 vert. Non vette cars ...2011 CTS-V wagon, 2008 Humr

Thanks: 17
Thanked 25 Times in 22 Posts
Quote:
Originally Posted by Texdentist View Post
Well, another way to look at it is, when he figures out that $60-70M of his wealth just disappeared into the Dems wallets to spend on buying votes, he might look at the Pubs stance on lower taxes with new eyes.
Well if he looks at it as $60-70 million going into Dems wallets, I am sure he is already a rabid Fox viewer and devoted Republican, whereas if he looks at it as paying for the two wars Bush put on the credit card, and improvement and maintanance of this country's infrastructure, then he is probably a democrat.
the machine is offline   Reply w/quote Quick reply to this message
Welcome to the Machine....
Old 11-29-2012, 09:48 PM   #30
iburke
Sir Dude
 
iburke's Avatar
 
Posts: 17,380
Member #6081
Member since: Dec 2003
Location: St Joseph MO.

My Corvette(s)
1971 T-Top

Thanks: 38
Thanked 51 Times in 41 Posts
The guy that won only lives 14 miles from me...
iburke is offline   Reply w/quote Quick reply to this message
I can't tell if I'm dealing well with life these days or I just don't give a shit any more.
Sponsored Links
Advertisement
 
Reply

Quick Reply
Message:
Options

Register Now

In order to be able to post messages on the Corvette Forum : DigitalCorvettes.com Corvette Forums forums, you must first register.
Please enter your desired user name (12 CHARACTERS MAXIMUM), your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



Thread Tools

Posting Rules
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Powered by vBadvanced CMPS v3.2.2

All times are GMT -6. The time now is 12:46 PM.




Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.
2003-2011, DigitalCorvettes.com - All Rights Reserved