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re: Would you take $50 million tax free or $2 million/year tax free for life

Posted on 2/12/20 at 12:32 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
40868 posts
Posted on 2/12/20 at 12:32 pm to
I'm glad you copied that post because that was abysmal
Posted by AUCE05
Member since Dec 2009
45374 posts
Posted on 2/12/20 at 12:32 pm to
Most people have no concept of interest. Amazing, really.
Posted by saint tiger225
San Diego
Member since Jan 2011
49088 posts
Posted on 2/12/20 at 12:32 pm to
You're never guaranteed another day on this beautiful earth. Death does not discriminate, whether old or young.

That said, give me the $50 million so I can spend it while I'm still in good health and hopefully alive long enough to enjoy it.
Posted by Thib-a-doe Tiger
Member since Nov 2012
36766 posts
Posted on 2/12/20 at 12:32 pm to
Posted by BayouBlitz
Member since Aug 2007
18126 posts
Posted on 2/12/20 at 12:32 pm to
quote:

Give me the $50 million. I’m almost 50 and I want to enjoy it before I get too old. Life expectancy avg says I have only 25 years left


Same.
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 2/12/20 at 12:33 pm to
Absolutely no question 50.

People who choose $2 per year aren't thinking this through.

1. You could die before you live 25 more years, odds are fairly high that happens.
2. You could use the $50 now to make more now and in the end make more than the $2 per year would net you.


Posted by Bayou_Tiger_225
Third Earth
Member since Mar 2016
12843 posts
Posted on 2/12/20 at 12:34 pm to
Take the 50. Invest 40 of it. Average 8%... Make more than 2 million a year in returns. Set for life.

Take the remaining 10 for hookers and cocaine.
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66113 posts
Posted on 2/12/20 at 12:35 pm to
Yall act like I'm not investing the 2million I get a year.
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53541 posts
Posted on 2/12/20 at 12:36 pm to
50 million now. Hell I can probably make $2 million per year off of that and not have to worry about dying young and missing out.
Posted by DVinBR
Member since Jan 2013
15770 posts
Posted on 2/12/20 at 12:36 pm to
wow, it takes a long time for this site to update, i thought about it wrong at first and changed it

jesus frick
Posted by saint tiger225
San Diego
Member since Jan 2011
49088 posts
Posted on 2/12/20 at 12:36 pm to
quote:

Since I'm 36 years old I only imagine living to 80
But you never know what kind of health you'll be in when older so you may not even get to enjoy it.
Posted by GreatLakesTiger24
Member since May 2012
60722 posts
Posted on 2/12/20 at 12:36 pm to
Anyone who wouldn’t take the 50 is an idiot
Posted by Salmon
I helped draft the email
Member since Feb 2008
86239 posts
Posted on 2/12/20 at 12:37 pm to
what kind of retard would take the $2 mil?
Posted by MSUDawg98
Bear the F Down
Member since Jan 2018
13901 posts
Posted on 2/12/20 at 12:37 pm to
My stepdad walked away from a union sponsored life insurance policy and died a few years later leaving my mom in a huge bind. Give me the guaranteed $50m. I'd have to live to 68 in order to break even...~70 if you factor in interest. I'd take $10m for fun and live off the interest of the other $40m. That's how you setup generational wealth not just $2m a year to piss away.
Posted by DVinBR
Member since Jan 2013
15770 posts
Posted on 2/12/20 at 12:38 pm to
needless to say


quit playing the lottery

you.

will.

never.

fricking.

win.
This post was edited on 2/12/20 at 12:39 pm
Posted by Robertson coach
pville
Member since May 2019
327 posts
Posted on 2/12/20 at 12:38 pm to
Never did understand lotto winners that took all $ up front (eat more and taxes and higher chance go broke). Now tax free $50M, i would take (who knows how long live)
Posted by PhillyTiger90
Not Phillytiger9
Member since Dec 2015
11861 posts
Posted on 2/12/20 at 12:38 pm to
50

You could die next week and get 0
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
66113 posts
Posted on 2/12/20 at 12:38 pm to
quote:



But you never know what kind of health you'll be in when older so you may not even get to enjoy it


I could retire if you guaranteed my 50k a year. Your saying I couldnt enjoy 2 million?
This post was edited on 2/12/20 at 12:39 pm
Posted by 777Tiger
Member since Mar 2011
92366 posts
Posted on 2/12/20 at 12:39 pm to
quote:

what kind of retard would take the $2 mil?


Methuselah?
Posted by scrooster
Resident Ethicist
Member since Jul 2012
43934 posts
Posted on 2/12/20 at 12:40 pm to
$50 million up front tax free (or after taxes more likely) .... it's a no brainer for anyone over the age of 25.
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