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    What would you do if tonite to won or inherited two million dollars?

    What would you do if tonite you won or inherited two million dollars?

    +3  Views: 1010 Answers: 17 Posted: 12 years ago

    17 Answers

    I plan on winning a lottery soon;) I am going to buy a home with a great in-law suite and make a great home for my parents as well as myself and boys. Then off to Africa to a women's rape shelter to personally put money where needed. Then I am coming home and getting my salon set up again and getting back to life as it is.

    Buy a house on some land.......

    I'd have to go to bed & sleep on it.

    I would tear out this nastey pee pee stained carpet and pay someone to potty trian these dogs!~

    Benthere

    Congrats, Pup...100k !

    Just a little surprise.
    Jenn

    Awww SWEET!!!

    Thank God , Then set up an fund for www.smiletrain.com  that would never be depleted and know every kid no matter where they were would face life with a smile. Then I would take myself out for a nice dinner with my son  and future daughter in law in Brazil. Then get on with my life I will have done as much as humanly possible. All would be good in my world at this point . I could face God knowing the days he gave me mattered and he would see I was grateful .

    I owe my mom an incredible amount and she would be repaid first thing.  Patricia, Tom, and Dave debts they make payments on; I would pay off their debts for them.  A nice gift to my church, some charities I prefer, and establish a trust for a no-kill shelter for dogs and cats.

    For myself, I'd get a convertible sports car and cruise California Hiway 1 from beginning to end with the very excellent stereo cranked up pretty loud.

    Invest some for my kids and granddaughters....can't be handing them cash....might as well use it to light the stove if you did that. 

    I would prefer to WIN rather than INHERIT. 

    Probably be depressed at seeing just how little of the 2 million was left after my greedy government took their share. With the remainder, I would invest in gold as I believe our dollar will have no value soon and only gold and silver will mean anything. 

    bulletman

    Colleen, how much do your govt. tax for 2mill, in OZ the 2mill if won is tax free only the interest accrued is taxed.
    Colleen

    Moderator
    All lottery winnings are subject to Federal taxes; many smaller jurisdictions also levy taxes. The IRS requires at least a 25% withholding of any gambling wins in excess of $5,000. However, the net for a major jackpot winner is often misleading. Winners often find themselves in a tax bracket much greater than 25%, often paying additional to the IRS when they file their returns.

    On top of the federal tax, there is a state tax. State tax differs from state to state. Could be 5,6,7% or there abouts depending on the state.
    Mr.Den

    Now around here after all taxes are paid can be as much as 35 to 45% with local and federal. If it isn't a big enough winnings it is almost better off without it!!

    Do the.........  New home, car ,holiday thing ,see what family members want, and then set up a organisation that caters for animals needs. eg....cheaper veterinary care for the people that can't afford to get thier pets vaccinated or desexed.

    Do repairs on my house---my basement, my back porch, new carpet, etc. Then, sell it and move somewhere else- - -  -maybe even to a different country. Australia----here I come !

    mycatsmom

    P.S. oh, and I meant to say .....and give some to charities; and maybe some to my grown step-grandkids, even tho' they never write me or call me.
    eggplant

    Okay,glad to see you.

    Find a good place to hide it from my free spending wife!!!!!!!!!!!!!!

    Spaceghost

    AMEN !!!!!!!

    Be in a state of shock,....for a week or so, then take care of my immediate family, and then,..... I PLAY!!!!!!!!!!!

    michmar118

    You know, I wrote in my immediate knee-jerk response to this question initially, but I have thought out that scenario more thoroughly in the past, as have most people, and what I left out is giving a decent portion of the winnings to very deserving charities, especially those involving animals and health care for the poor or low-income, maybe set up a scholarship fund, too.....among others. What comes around goes around! ;-]

    I would make sure my Mom had every single little thing ... then I would finish this bathroom reno as it has now escalated to over twice as much as originally expected and then I would sit down and think.... Oh and get that gardener that I seriously need.... and think.

    Thank you for your response!

    Will tonight I would go sleep as a millionaire................

    I would go to sleep with a smile on my face. The next day, I'd book a six month's trip on the largest ocean liner.

    Thanks Bob/PKB love your vision. Hope it happens to you.

    Thanks Jenn. Your response is so funny to me.



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