If I win the Mega Lottery tonite..... - Escape Trailer Owners Community

Go Back   Escape Trailer Owners Community > Escape Me | General Topics > Cyber Campfire
Click Here to Login
Reply
 
Thread Tools Display Modes
 
Old 03-30-2018, 06:02 AM   #1
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
If I win the Mega Lottery tonite.....

I promise to give each and every Escape owner I meet over the next year, a check for $1,000!! This will be in addition to my other philanthropic venues I wish to pursue, mainly for animals as well as some for mankind. Wish me luck....
__________________

__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 06:15 AM   #2
Site Team
 
padlin's Avatar
 
Join Date: Sep 2009
Location: Southwick, Massachusetts
Trailer: 5.0 TA #6, 2012 F150 EB
Posts: 5,772
Normally its almost worth the price of the ticket to spend the day day dreaming about what you're gonna spend it on, cheap entertainment.

Now that I'm getting a $1000 from you I can do it for free, thanks. I'll be by in late May to pick it up.
__________________

__________________
Happy Motoring
Bob
padlin is offline   Reply With Quote
Old 03-30-2018, 06:51 AM   #3
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
Just trying to spread the joy around.....
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 06:56 AM   #4
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
May have to avoid the Rally in May, this could create a traffic jamb....
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 07:17 AM   #5
Senior Member
 
GregandTeresa's Avatar
 
Join Date: Jul 2015
Location: Lewisburg, Tennessee
Trailer: 2016 Escape 19 Classic
Posts: 445
My first purchase would be to order a new 5.0TA, then a new truck to pull it. After that, who knows.
GregandTeresa is offline   Reply With Quote
Old 03-30-2018, 07:18 AM   #6
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
and a driver......
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 07:23 AM   #7
Senior Member
 
Mike Lewis's Avatar
 
Join Date: Feb 2013
Location: Santa Rosa County, Florida
Trailer: 2014 Escape 21
Posts: 2,126
I'd have to buy a ticket first, but-- if I were to win a lottery (any lottery) I'd spend half of it on booze and women. I'd probably just waste the other half.
__________________
Mike Lewis
Photos and travelogues here: mikelewisimages.com
Mike Lewis is offline   Reply With Quote
Old 03-30-2018, 07:35 AM   #8
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 8,492
Woohooo, I'm in line for $1,000. Thanks Jim!

It's funny since I'm retired I very seldom dream of winning the lottery. When I was working it was something I thought about hourly. Now I can't even remember the last time I purchased a lottery ticket. Hummm half-a-billion dollars on the line for tonight... might have to go spend $1. After all, you can't win if you don't play.
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is offline   Reply With Quote
Old 03-30-2018, 07:53 AM   #9
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
It's a $2/ticket, going to buy $10 worth....5 chances
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 08:30 AM   #10
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 8,492
Quote:
Originally Posted by cpaharley2008 View Post
It's a $2/ticket, going to buy $10 worth....5 chances
Oh brother. Shows I know so very little about the lottery. Okay, so I'll go check the sofa cushions for another buck

Good luck Jim!
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is offline   Reply With Quote
Old 03-30-2018, 08:35 AM   #11
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
Thumbs up

Thanks
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 08:42 AM   #12
Senior Member
 
rubicon327's Avatar
 
Join Date: Mar 2016
Location: Burlington Twp., New Jersey
Trailer: 2010 Escape 19
Posts: 3,246
Quote:
Originally Posted by Donna D. View Post
Oh brother. Shows I know so very little about the lottery. Okay, so I'll go check the sofa cushions for another buck

Good luck Jim!
The price of a Mega Millions ticket doubled from $1 to $2 beginning with the Oct. 31, 2017 drawing. The minimum jackpot increased from $15 million to $40 million.
rubicon327 is offline   Reply With Quote
Old 03-30-2018, 08:47 AM   #13
Senior Member
 
Oldtimer's Avatar
 
Join Date: Apr 2017
Location: DFW, Texas
Trailer: 2018 21 Sept 7 2018
Posts: 544
Mmmmm win the mega n watch all the worms crawling begging for handouts not to mention the taxes and banking headaches that follow and also the investment firms fees the CPAs and oh let’s not forget the lawyers as the BS lawsuits against you the will come I’ll pas thabkyou lol
Oldtimer is offline   Reply With Quote
Old 03-30-2018, 08:55 AM   #14
Senior Member
 
Join Date: Sep 2015
Location: Ravena, New York
Trailer: Looking for a 5.0TA maybe next year
Posts: 242
Quote:
Originally Posted by Oldtimer View Post
Mmmmm win the mega n watch all the worms crawling begging for handouts not to mention the taxes and banking headaches that follow and also the investment firms fees the CPAs and oh lets not forget the lawyers as the BS lawsuits against you the will come Ill pas thabkyou lol
Jim wouldn't have any trouble with the CPA's. He is one!

First thing we would do (if we bought lottery tickets) is split it between us and the kids. I'd buy a $100,000 brand new snazzy 1/2 ton pick up, and a 5.0TA with all the bells and whistles. Then add more RV stuff. Heck, I could buy a new truck every year!

At my advanced age, I'm like others here, I don't even think about buying lottery tickets. I've always seen them as a tax on the poor.

Good luck Jim!

Frank
frank_a is offline   Reply With Quote
Old 03-30-2018, 09:37 AM   #15
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
Yes, you want to walk in with as many family members you can to divide the proceeds up front, that way one will not be limited by various gift tax restrictions that you can run into later on.
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 09:43 AM   #16
Member
 
civi's Avatar
 
Join Date: May 2014
Location: Hellertown, Pennsylvania
Trailer: Scamp 16, TV Rav4 V6
Posts: 99
I would not take the lump sum, i would take the annuity. One thing i have learned in the past 73 years is to know what i don' t know. The annuity is passed on to your hears. So at least you do not have to hire all those people to run your finances.
civi is offline   Reply With Quote
Old 03-30-2018, 09:55 AM   #17
Senior Member
 
Join Date: Sep 2015
Location: Ravena, New York
Trailer: Looking for a 5.0TA maybe next year
Posts: 242
Quote:
Originally Posted by civi View Post
I would not take the lump sum, i would take the annuity. One thing i have learned in the past 73 years is to know what i don' t know. The annuity is passed on to your hears. So at least you do not have to hire all those people to run your finances.
Yep, and you could finance about anything ya want on the guaranteed proceeds. I've often thought that, but my wife wants to divvy it up with the kids.

Frank
frank_a is offline   Reply With Quote
Old 03-30-2018, 10:07 AM   #18
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: Chilliwack, British Columbia
Trailer: Escape#4, 2019 Escape21 DejaView pulled by 2014 Ram Hemi/8sp
Posts: 19,452
The lump sum, $301 million @ 39% FIT would be $117 million leaving $189 million after tax, no tax in Pennsylvania on lottery winnings. Other wise the annuity i over 30years at the prevailing tax rate each year, can be passed onto heirs, but I would rather split the money now and see my heirs enjoy it....
__________________
Jim
It is not the years in your life but the life in your years Lincoln
cpaharley2008 is offline   Reply With Quote
Old 03-30-2018, 10:09 AM   #19
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 8,492
For a number of years I was a participant in a very large (26 people) lottery group at work. Trust me, we looked at every possible combination to maximize the amount of winnings. There were several CPAs in the group. Now this is old info... but for every $1 MILLION won, taking the annuity gets you $40,000 after taxes each year. The MegaMillions is currently $502 million. That would work out to over $20 million a YEAR. I think I could live on that and still spread the wealth around a bit. But, I'd still look into a 'Trust and Family Limited Partnership' account. That account would (maybe) claim the winnings from the ticket. Swooon. So much fun to just dream!
__________________
Donna D.
Ten Forward
2014 Escape 5.0TA
Donna D. is offline   Reply With Quote
Old 03-30-2018, 10:16 AM   #20
Senior Member
 
Join Date: Sep 2015
Location: Ravena, New York
Trailer: Looking for a 5.0TA maybe next year
Posts: 242
Now you folks got me going! If I break down and split with 2 bucks for a lottery ticket, it will be the first time I've done that in a long, long time. I could use a dream like that!

Frank
__________________

frank_a is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not 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
Trackbacks are Off
Pingbacks are Off
Refbacks are Off






» Featured Campgrounds

Reviews provided by

Disclaimer:

This website is not affiliated with or endorsed by Escape Trailer Industries or any of its affiliates. This is an independent, unofficial site.


All times are GMT -5. The time now is 11:22 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
Copyright 2012 Social Knowledge, LLC All Rights Reserved.
×