DO you really lose money if u take the annunity over the lump sum?Prev TopicNext Topic

• mcginnin56

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  Aug 26, 2012, 6:28 am

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  In response to wknightm

  Quote: Originally posted by wknightm on Aug 26, 2012

  To me, the answer to that question is, who can invest my money better, the state or me?

   

  I'd rather take my lump sum and invest it myself, so long as the fund doesn't have the title MADDOFF or CORZINE :)

    Screw the state. Lump sum all the way.
• rdgrnr

  

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  Aug 26, 2012, 9:25 am

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  In response to onlymoney

  Quote: Originally posted by onlymoney on Aug 24, 2012

  You make a good point, however, the real injustice that should be discussed here in my opinion is the double taxation. It's an aberration ! It's a bummer and so uneccessary. One example is If i had 10 million dollars to give to my nephew, or whomever, it's taxed again but this time at 50%. WTF ?

  If i already paid taxes on that 10 million which I netted after taxes, then why the heck should it be taxed again? Seriously?

  "One example is If i had 10 million dollars to give to my nephew, or whomever, it's taxed again but this time at 50%. WTF ?

  If i already paid taxes on that 10 million which I netted after taxes, then why the heck should it be taxed again? Seriously?"

   

  Because in the current atmosphere in this country, if you're rich, you're the designated enemy of the people and must be punished.

  50% of the people in this country pay no income taxes whatsoever and somebody has to pay to make up that deficit.

  And those who pay nothing have decided that it should be you.
• Ronnie316

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  Aug 26, 2012, 4:10 pm

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  In response to rdgrnr

  Quote: Originally posted by rdgrnr on Aug 26, 2012

  "One example is If i had 10 million dollars to give to my nephew, or whomever, it's taxed again but this time at 50%. WTF ?

  If i already paid taxes on that 10 million which I netted after taxes, then why the heck should it be taxed again? Seriously?"

   

  Because in the current atmosphere in this country, if you're rich, you're the designated enemy of the people and must be punished.

  50% of the people in this country pay no income taxes whatsoever and somebody has to pay to make up that deficit.

  And those who pay nothing have decided that it should be you.

  Wait....... does this mean that anyone who pays taxes is rich???
• rdgrnr

  

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  Aug 26, 2012, 7:04 pm

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  In response to Ronnie316

  Quote: Originally posted by Ronnie316 on Aug 26, 2012

  Wait....... does this mean that anyone who pays taxes is rich???

  It's all relative.

  This'll clear up some aspects of it:

  http://www.davemanuel.com/2010/11/04/what-percentage-of-federal-income-taxes-do-rich-people-really-pay/

  Kinda makes you wonder what the libs are sniveling about.
• Ronnie316

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  Aug 27, 2012, 1:53 am

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  In response to mcginnin56

  Quote: Originally posted by mcginnin56 on Aug 26, 2012

    Screw the state. Lump sum all the way.

    The state made more than their fair share long before the pay out.
• rdgrnr

  

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  Aug 28, 2012, 5:25 pm

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  In response to nickbrownsfan

  Quote: Originally posted by nickbrownsfan on Aug 25, 2012

  this is so true, and I agree if you are paying tax FREE dollars to gamble why should you then have tagain.  Not to mention at a 50% loss of the odds

  Somebody has to pay for the spending spree.

  That's us.