If you won 1 million on the lottery, what would you spend it on?

[miffy]

What if you were the sole winner of £95,000,000?

What then?

Monaco here I come!

Run away with CM and blow the lot

[Churchill]

Run away with CM and blow the lot

Run away with CM and she can blow the lot...

[oracleslave]

Run away with CM and blow the lot

You do know it's an AtW fembot don't you

[BrilloPad]

Run away with CM and blow the lot

that would be 27 pairs of shoes then?

[miffy]

You do know it's an AtW fembot don't you

I think baiting him with large amounts of cash will help find that out!

[TheFaQQer]

But if you won you could spend it on marketing SKA, a publicist etc etc.

Or just pretend it works and you made it yourself.

[TheFaQQer]

Yep, agree, snaw, this is not actually a lot of money, even though it is not taxed - which is a big wrong thing IMO - taxing businesses that create jobs and value on one hand, but not taxing lottery wins on another? That's totally wrong.

You are taxed on all gambling. You either pay the tax up front on the stake, or at the end on the winnings. National Lottery just doesn't give you the choice, but a bookie would.

[TheFaQQer]

Are you trying to suggest something here?

If it's good enough for Bill Gates to get a "loan" from his dad to buy someone else's products and rebadge them, then why not you?

You should get yourself on Dragon's Den.

[TheFaQQer]

I believe there is a euromilions jackpot of £95 million tonight that must be won?

I am going to look through the "fascination of maths" thread for tips on picking the winning numbers.

If you won 1 million on the lottery, what would you spend it on?

£1 million - pay off the house, buy another car (always wanted a Landrover defender), take some more time off, retrain in something I might enjoy, and take it a bit easier.

£95 million - give at least £50million away or setup The FaQQer Benevolent Trust or something to do it for me. Move, buy lots of houses and travel the world forever, wife and kids in tow.

[AtW]

Yeah, tax the ticket, not the winnings...

Are you sure ticket sales are taxed? Is there VAT on them?

Either way I think that any win should be treated as income - 40% tax for high rate taxpayers. But of course if this happened less people would play, probably a lot less - so Govt keeps lottery as a tax on fools, in effect "good deeds" by Lottery is private scheme to milk part of what should be normal taxation and put some of it back into where those tax dollars belong.