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Apparently 2 winning euro lottery tickets were bought in Britain. Each winning £45 million!!!!! What would you buy with that sort of money?

By U C ME Asked Nov 7 2009 11:10AM
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Top Answer out of 9

by Mensan on Nov 7, 2009 at 11:12 am Permalink

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Not too much, after the UK takes around 90% of it in income taxes.

I think I'd buy a one-way ticket to the USA, respectfully, where the income taxes are not "outrageous."

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Avatar nice jugs Nov, 07 2009 at 11:59 AM
There are no taxes paid on lottery winnings Mensan over here ,,,,,you cop for the lot ,,,is that not the same in the US ??
Avatar LittleGirlLost Nov, 07 2009 at 03:54 PM
Respectively if I won any of the aforementioned above, I would insist that Mensan is my chaperone in LAS VEGAS! As apart from Roulette/Euromillions/National Lottery I am a gambling virgin! +5
Just paid up my Euromillions until Christmas tonight!
BUT I AINT DOING IT NAKED, BUT NJ WOULD LOL!
Avatar Mensan Nov, 08 2009 at 01:14 AM
Thanks for the reminder, Nice Jugs. In the USA, lottery winnings are taxable income, unfortunately.
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That's the same situation in Canada, also. Lottery winnings are not taxable there, and I don't believe they are taxable in Australia, either. (I won AU$1,000 there in 1991, on an instant "Scratch & Win" card.)
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But I would still move to the USA, because the taxes on the income from the investment dividends on the winnings are indeed taxable, and much too high.
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Thanks for the points, everyone.

Answer 2 out of 9

by Cyanotic Wasp on Nov 7, 2009 at 12:17 pm Permalink

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Lottery tickets seem like a good buy. I'd buy more of them.
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Answer 3 out of 9

by anguilla on Nov 7, 2009 at 11:22 am Permalink

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Scotland
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Avatar U C ME Nov, 07 2009 at 11:26 AM
Well that's a fiver spent then!! +4

Answer 4 out of 9

by philosopher-saint on Nov 7, 2009 at 12:26 pm Permalink

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Good tidings for all!
;-)
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Answer 5 out of 9

by LittleGirlLost on Nov 7, 2009 at 12:25 pm Permalink

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Firstly I would see an ex bosses accountant for sound financial advice. Then help out out all the people I know who have been hit by the failing economy and clear friends debts and gift family and people close to me. Those people hit by the worry of retirement, I know many I would secure their pension fund as best I can. Then set up some good walk in centres within my area to improve peoples lives. Once I had done all the above I would visit all the places in the world I would like to go. When I was done with that I would come back and continue work in the community - at the end of the day I need a purpose in life and that would fulfil me. 1 million would change my life no end - why would I need the rest just for me?

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Answer 6 out of 9

by Gene H on Nov 7, 2009 at 12:18 pm Permalink

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Yen!
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Answer 7 out of 9

by philosopher on Nov 7, 2009 at 11:20 am Permalink

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When I win I am going to create more appropriate programs for Autistic people. Finance more research.
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Avatar philosopher Nov, 07 2009 at 11:22 AM
+6 for the positive question UC ME.
Avatar U C ME Nov, 07 2009 at 01:22 PM
As always phil osopher!!

Answer 8 out of 9

by THE FOX on Nov 16, 2009 at 8:30 pm Permalink

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Answer 9 out of 9

by HoboJoe on Nov 7, 2009 at 12:30 pm Permalink

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I'll buy a house in Monaco. And retire. Maybe play a little poker here and there.
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