/biz/ - Business & Finance

>>58156774
lets say you win: 1.1b, half for lump sum (payments is a dumb idea)
but then you owe taxes on that.. so maybe you keep 60% of 550M: That's only $30M

a better idea is to start a non-profit
pay myself like $50M and the rest goes to the non-profit which pays no taxes.. so about 500M to the non-profit. Only 5% of the income of the non-profit has to be disbursed.
pay my family $300-500k per person so they don't have to work
everyone gets leased cars from the non-profit
the rest gets reinvested for perpetual family wealth
Travel the world, pursue personal interests, whatever

>>55793827