Oh wait, she probably got your check JR, and everyone else's too that is supposed to be mailed out. You better find out where she lives and demand your money, now!!!!
While putting the $250,000 check in the bank to collect interest seems like fun, the IRS will want the interest on the money they gave you that you shouldn't have received. Yes, they are really like that. And I will bet the interest you will owe the IRS will be more than what you earn.
__________________
Stop trying to be what you see. Be what you ought to be.
Yes, that is exactly what you do. Good boy. That is my plan after I win big money. And when I have those millions, I am going to walk into the bank and tell them I will put my money here but I want 10% interest a year. And use it like a negotiating tool.
__________________
Stop trying to be what you see. Be what you ought to be.
Yes, that is exactly what you do. Good boy. That is my plan after I win big money. And when I have those millions, I am going to walk into the bank and tell them I will put my money here but I want 10% interest a year. And use it like a negotiating tool.
Ooh yeah, with that type of a deposit you could probably get better interest. They'll certainly make enough off of it in loans and such.
Because of gift taxes, I've always said if I won REALLY big, like 60 million, I wouldn't give my family any of it.
Instead I'd put $2 or $3 million in a seperate money market for each of them and let them have the interest every month for the rest of their lives.
That is right. With the gift limitation of $11,000/yr, my family isn't worth the extra taxes for me to give them more. What I will do is pay their expenses. I will write the check to payoff the house and the cars. That is not considered a gift, I am simply paying the bill. The mortgage company doesn't care who pays the bill, just as long as they get their money. I will set up college funds for my nieces, who knows how much college will cost when they get there in 10 and 14 years.
You think I don't actually think about this once in a while?
__________________
Stop trying to be what you see. Be what you ought to be.