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| Must be true love...; Woman spends $9 million to bail out boyfriend | |
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| Tweet Topic Started: Aug 11 2015, 04:04 AM (187 Views) | |
| markallen | Aug 11 2015, 04:04 AM Post #1 |
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Middle Aged Carp
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Lottery winner (or is it loser?) |
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| George K | Aug 11 2015, 04:07 AM Post #2 |
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Finally
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This will end well, no doubt. |
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| Mikhailoh | Aug 11 2015, 04:12 AM Post #3 |
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If you want trouble, find yourself a redhead
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Her connection. The girl's gotta have it. |
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Once in his life, every man is entitled to fall madly in love with a gorgeous redhead - Lucille Ball | |
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| markallen | Aug 11 2015, 04:14 AM Post #4 |
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Middle Aged Carp
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I'm sure the criminal justice system is at least partially at fault. After all, the boyfriend only had a mere 8,000 bags of heroin when caught.
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| markallen | Aug 11 2015, 04:17 AM Post #5 |
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Middle Aged Carp
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You know, it is $9 million out of the $88 million she received. Maybe this 10% is what she meant when she said she was going to tithe the money. |
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| Axtremus | Aug 11 2015, 04:22 AM Post #6 |
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HOLY CARP!!!
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A very reasonable take on this. |
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| Catseye | Aug 11 2015, 04:36 AM Post #7 |
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Pisa-Carp
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So she takes the lump sum without -- I bet -- investigating whether this is a better or worse strategy than taking it in annuity payments. (Turns out to be kind of a complicated question, but anyway.) In any case she loses a big chunk to the govt. Then she blows $9 mil on the boyfriend who, being charged with a severe case of possession, will A) be found guilty and go to prison anyway or B) blow town without the girlfriend or C) blow town with the girlfriend, swearing his undying love until the money is gone and in the process laying down a stupidly lavish spending trail, eventuating in his capture and reimprisonment and leaving the girlfriend broke and alone. This sounds like one for Dr. Phil!
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| "How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex | |
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| Catseye | Aug 11 2015, 04:37 AM Post #8 |
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Pisa-Carp
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Da hell. |
| "How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex | |
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| jon-nyc | Aug 11 2015, 06:16 AM Post #9 |
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Cheers
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Not true. I've done plenty of crazy, foolish, expensive things for lust. But the things I've done for love have been rational and respectable. |
| In my defense, I was left unsupervised. | |
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| George K | Aug 11 2015, 06:18 AM Post #10 |
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Finally
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Knowing the difference is an important thing. But, having established that, tell us more about the first part.
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A guide to GKSR: Click "Now look here, you Baltic gas passer... " - Mik, 6/14/08 Nothing is as effective as homeopathy. I'd rather listen to an hour of Abba than an hour of The Beatles. - Klaus, 4/29/18 | |
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| sue | Aug 11 2015, 06:20 AM Post #11 |
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HOLY CARP!!!
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ya rly |
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| jon-nyc | Aug 11 2015, 06:22 AM Post #12 |
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Cheers
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I had a friend that won a $44mm jackpot from Virginia. He was 62, so he never considered anything but the lump sum. But I worked out the valuation at the time, and thought the lump sum offered was very generous. It was more than my employer (an investment bank) would have valued the same set of cash flows using its own models. (IOW, an internal valuation, not a price to a customer). Of course for many people the payment plan is preferable if only because it prevents them from blowing the money in a couple of years. This has not been an issue for my friend. |
| In my defense, I was left unsupervised. | |
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| Catseye | Aug 11 2015, 06:43 AM Post #13 |
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Pisa-Carp
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Jon: I understand the better choice rests on 1) the amount of the prize and 2) whether you believe the tax rate will go up or down in the future. What wasn't mentioned in this article -- I don't think, not sure -- was how one might fare if one took the lump sum and invested it aggressively; would you come out ahead or behind the annuity payout after X years. |
| "How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex | |
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| Catseye | Aug 11 2015, 06:43 AM Post #14 |
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Pisa-Carp
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| "How awful a knowledge of the truth can be." -- Sophocles, Oedipus Rex | |
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| Renauda | Aug 11 2015, 08:51 AM Post #15 |
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HOLY CARP!!!
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Think of it as alms for the government, an excise tax over and above any other taxes paid out. |
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