S-B Powerball Pool

[tysdad115]

Im in! Can we get an indestructable golf cart for Cutty too?
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[WESTPORTMAFIA]

Originally Posted by tysdad115

Im in! Can we get an indestructable golf cart for Cutty too?
Posted from my iPhone/Mobile device

With15% I think he's looking to purchase the whole island
Posted from my iPhone/Mobile device

[JohnR]

Originally Posted by WESTPORTMAFIA

With15% I think he's looking to purchase the whole island
Posted from my iPhone/Mobile device

You know what Canal Front and Block Island goes for these days? I was thinking it wasn't enough

500 mil -> 300 mil one time pay out -> 150 or so after taxes -> leave about 20 million - purchase 2-3 (maybe one on Cutty?) places plus setup the trust to keep in perpetuity - of course we'll need a boat AND Golf Cart insurance

[piemma]

Originally Posted by JohnR

You know what Canal Front and Block Island goes for these days? I was thinking it wasn't enough

500 mil -> 300 mil one time pay out -> 150 or so after taxes -> leave about 20 million - purchase 2-3 (maybe one on Cutty?) places plus setup the trust to keep in perpetuity - of course we'll need a boat AND Golf Cart insurance

I'm in and headed out to get 5 tickets. Just a note, we need to get one of our resident lawyers involved should we win. We will need to make sure we address the tax implications, the property titles and , most importantly, indemnifications.
John, you may need to set up an S corp or some other entity.

One other thing: What happens if we win a lesser prize? I vote the same rules apply. 15% to S-b and the rest get split. Even if we won $1M, it's a big chunk of dough

[JohnR]

Originally Posted by piemma

I'm in and headed out to get 5 tickets. Just a note, we need to get one of our resident lawyers involved should we win. We will need to make sure we address the tax implications, the property titles and , most importantly, indemnifications.
John, you may need to set up an S corp or some other entity.

One other thing: What happens if we win a lesser prize? I vote the same rules apply. 15% to S-b and the rest get split. Even if we won $1M, it's a big chunk of dough

Good question - if we do anything over 10K we work the split? Below 10K everyone keeps there tix?

[Jackbass]

Originally Posted by JohnR

Good question - if we do anything over 10K we work the split? Below 10K everyone keeps there tix?

Sounds fair
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[piemma]

Works for me.

[nightfighter]

Originally Posted by JohnR

Good question - if we do anything over 10K we work the split? Below 10K everyone keeps there tix?

However, if the grand prize is not won, any winners go into a rollover pool until jackpot is won.

I'm in.

[JohnR]

Originally Posted by nightfighter

However, if the grand prize is not won, any winners go into a rollover pool until jackpot is won.

I'm in.

That might be too much a pain to chase down - easier me thinks to do over 10K we split, under people keep

[nightfighter]

Originally Posted by JohnR

You know what Canal Front and Block Island goes for these days? I was thinking it wasn't enough

500 mil -> 300 mil one time pay out -> 150 or so after taxes -> leave about 20 million - purchase 2-3 (maybe one on Cutty?) places plus setup the trust to keep in perpetuity - of course we'll need a boat AND Golf Cart insurance

YOU will have a designated driver.........

[piemma]

Originally Posted by nightfighter

YOU will have a designated driver.........

If we don't fish together next year I will HAUNT you when I die!!!

Seriously Ross, let's plan a trip at the TFCTFN even if we don't win.