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SVTPerformance's Chain of Restaurants
Road Side Pub
(What if) If you won the lottery thread
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<blockquote data-quote="oldmodman" data-source="post: 15553573" data-attributes="member: 10303"><p>As has already been written it all depends on how much. If it is another 600 million dollar whopper and I am the sole winner.</p><p>Then.</p><p>Tell no one.</p><p>Start up new corporation. File in no personal income tax state with very low business taxes.</p><p>As president of the company I will get a salary. It won't be very much. Everything I buy or "own" will be the property of the corporation and will all be tax deductible and depreciated. With that kind of money I could be very comfortable on just the earnings on the principal.</p><p>Likely at or above Treynor levels of goodies.</p><p>The only insane luxury will be my Jet Helicopter that I will train to fly myself.</p><p>The Gulfstream will be fractional ownership.</p><p>Can a Supermodel still be called a Supermodel if she is still in her teens?</p></blockquote><p></p>
[QUOTE="oldmodman, post: 15553573, member: 10303"] As has already been written it all depends on how much. If it is another 600 million dollar whopper and I am the sole winner. Then. Tell no one. Start up new corporation. File in no personal income tax state with very low business taxes. As president of the company I will get a salary. It won't be very much. Everything I buy or "own" will be the property of the corporation and will all be tax deductible and depreciated. With that kind of money I could be very comfortable on just the earnings on the principal. Likely at or above Treynor levels of goodies. The only insane luxury will be my Jet Helicopter that I will train to fly myself. The Gulfstream will be fractional ownership. Can a Supermodel still be called a Supermodel if she is still in her teens? [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
(What if) If you won the lottery thread
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