Edmunds Members - Cars and Conversations

Michaell

driver100 said:

I like the ads for Audi - I'm Going Home" and it has an eagle flying next to a green Audi SUV.
At the end the announcer says you can get $5000 off on an Audi hybrid plug in.
I am assuming they don't offer it on the no-plug-in models, but the plug-in models aren't selling that well. Is that the reason?

Yes.

ab348

There must be some very interesting discussions in automotive company boardrooms around the globe about the sales performance and return on investment when it comes to electric vehicles.

corvette

It's almost a Hobson's choice since all the other manufacturers continue to develop EVs, despite lagging performance.

stickguy

It’s the future.

driver100

Mandated to comply.
But it would be better if they left it to entrepreneurs like Musk and Tesla. They can do it for profit, and not be subsidized by governments....who want to force us to buy a product that isn't suitable or ready for mass adoption.
Our Canadian government has spent $Billions to land battery plants and plants to build EVs, meanwhile EV manufacturers are going bankrupt and the battery and production plants are
stalled...waiting to see what sales will be like moving forward....very poor right now.

kyfdx

Tesla was/is heavily subsidized. 🤔

snakeweasel

stickguy said:

It’s the future.

It is? and I'm stuck here in the present.

snakeweasel

kyfdx said:

Tesla was/is heavily subsidized. 🤔

Well since they are giving large tax credits for these rich people to by these toys I would say that they all are being subsidized.

explorerx4

Another thing that realy helps Tesla is selling emissions credits.

kyfdx

snakeweasel said:

kyfdx said:

Tesla was/is heavily subsidized. 🤔

Well since they are giving large tax credits for these rich people to by these toys I would say that they all are being subsidized.

That was in response to another member stating we should leave it all to Musk, etc, instead of subsidizing "regular" car companies. Just pointing out that his companies have benefitted more than most.. thinking they would be profitable without subsidies? Ridiculous.

driver100

kyfdx said:

Tesla was/is heavily subsidized. 🤔

According to Musk: Musk defended his companies, saying that EV subsidies only make up a small portion of Tesla’s revenue. And he said he gets no subsidies for SPACEX.

Just saying what Musk has said, I don't have a way to verify. He also seems to be saying, he doesn't need subsidies, but if the money is offered he'll take it.

He also said, that he would gladly end EV subsidies, since now they help his competition more than they help him.

kyfdx

According to kyfdx: Women find me wildly attractive, and want to spend money on me.

I don't need the money, and I can take or leave the attention.

Don't fact check me

xwesx

[Deleted User] said:

Our youngest had a pretty cool experience over the past few weeks. He bought a roof rack from a local company a couple of months ago and they reached out to him to see if they could use his Sequoia to spec out new window racks. After a few visits, one to laser measure and another to test fit, they made a few tweaks and set him up with a free pair for his time and travel. They also took pictures for their website to display the new racks. The installer joked about him having the only 1st gen Sequoia in the world with a set of Sherpa window racks

That is very cool! I like the racks, though I am not sure I would use them for permanent applications just because of the added wind drag of, say, hauling around a fuel container or shovel or something on the outside of the car.

xwesx

driver100 said:

abacomike said:

I took my Genesis into service to have them replace the "GENESIS" lettering on the trunk of the car because the middle "E" fell off somewhere.

I just prefer driving a car that says "GENESIS" on the trunk rather than "GENSIS" or "GENESI"!

Next time just shorten it to GENI.....less chance of a letter falling off!

Or, have them center "GENE" on the lid, then count the number of times someone tries to address you as such....

driver100

kyfdx said:

According to kyfdx: Women find me wildly attractive, and want to spend money on me.

I don't need the money, and I can take or leave the attention.

Don't fact check me

I can't find any sources that back up your claims....could you provide a few?
I can find a few sources that backup Musks claims, including CNN which I don't think is pro-Musk:
https://www.cnn.com/2024/11/20/business/elon-musk-wealth-government-help/index.html#:~:text=His companies have received “only,policies, government contracts and loans.
I don't believe everything I read, but I have to make a judgement call at some point, I have other things I prefer to do than to fact check every news story....there are tennis and pickleball games and lottery tickets to buy for Friday's big draw, but from what I could quickly see, he got subsidies but not as large as some and not out of line, actually smaller than similar businesses. He got the ideas as an entrepreneur, no private person can start a new car company without some help. If the government was in charge, it would end up like the post office, never profitable, always in debt.

xwesx

graphicguy said:

Matter of fact, I'm kind of surprised the policy is covering the other person's car.

I think I am rather fortunate with my policy. I mean, yes and no on that, because I've had the policy for nearly three decades now, and often it is more expensive to insure a car, apples-to-apples, than with a different company. However, the beneficial part is that I have had the policy long enough that I am grandfathered in on something called "accident forgiveness," in that my rates are not adjusted based on my personal use of the policy. IIRC, this kicked in after having the policy for ten years with zero claims.

Since then, I have had a few claims, and there is never any sudden change to my rates (though, they do keep going up like everyone's!). In addition, it makes me far less nervous about adding the kids to the policy when they are licensed. My son, for example, only causes his car to cost about 25% more than the same car without him as primary, and those rates didn't change when he was added (even though he can drive the other cars, he just isn't listed as their primary driver). However, with my other auto policy, which covers two of my cars, I don't have him added because he would cause that policy to go up by about 50%.

He knows which cars he is allowed to drive and which he is not.

(Why two policies? The short story is that my Q7 would cost about 2x to insure with my other policy, so I insure it through a different company and have a second car there just to decrease the overall cost.)

xwesx

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

Win or no, if you abandon us over money, we will take it personally.

driver100

btw....the chance of winning the MegaMillion Jackpot is 1 in 302,575, 380.
The chance of getting struck by lightning is 1 in 15,000.
The next draw since there wasn't a winner Tuesday is on Friday, for $1.15 Billion.
If I win I may not be posting for a week or two. I'll have a lot to sort out.
Oh, since I don't buy lottery tickets I found it interesting you can't use a credit card to buy a ticket....cash only!

xwesx

driver100 said:

I don't believe everything I read, but I have to make a judgement call at some point, I have other things I prefer to do than to fact check every news story....there are tennis and pickleball games and lottery tickets to buy for Friday's big draw, but from what I could quickly see, he got subsidies but not as large as some and not out of line, actually smaller than similar businesses. He got the ideas as an entrepreneur, no private person can start a new car company without some help. If the government was in charge, it would end up like the post office, never profitable, always in debt.

It isn't a matter of whether Tesla could stand on its own today, but it never would have made it this long or far without the front-end assistance it received 10-15 years ago. Frankly, I think it was a way better investment than a lot of the crap that we push public dollars into. It makes the owner/s wealthy, but they don't actually bring the promised products to fruition, or, often, even make the promised investments. Depending on the mechanism by which they received the funding, there is often no recourse.

corvette

driver100 said:

Oh, since I don't buy lottery tickets I found it interesting you can't use a credit card to buy a ticket....cash only!

In my state, the rule on that depends on where you go. Merchants are more likely to sneak it in to your general purchases if you buy other things.

driver100

xwesx said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

Win or no, if you abandon us over money, we will take it personally.

I'll need to find new friends who drive Ferrari's and Bentleys, have yachts, a Rolex, home tennis courts, can dine out at Michelin restaurants, have homes in 3 countries.....but, if I win it was nice knowing you all, and no, it's nothing personal.

driver100

xwesx said:

driver100 said:

I don't believe everything I read, but I have to make a judgement call at some point, I have other things I prefer to do than to fact check every news story....there are tennis and pickleball games and lottery tickets to buy for Friday's big draw, but from what I could quickly see, he got subsidies but not as large as some and not out of line, actually smaller than similar businesses. He got the ideas as an entrepreneur, no private person can start a new car company without some help. If the government was in charge, it would end up like the post office, never profitable, always in debt.

It isn't a matter of whether Tesla could stand on its own today, but it never would have made it this long or far without the front-end assistance it received 10-15 years ago. Frankly, I think it was a way better investment than a lot of the crap that we push public dollars into. It makes the owner/s wealthy, but they don't actually bring the promised products to fruition, or, often, even make the promised investments. Depending on the mechanism by which they received the funding, there is often no recourse.

I agree, the idea was daring and brilliant, and Musk is a true entrepreneur. The idea was new and it might not have got started without some government help, but now there are lots of companies that copied and are looking for handouts too. Tesla seem to have or will pay off....but a lot of these wannabes that are getting subsidies won't last. The government has to proceed carefully. EV sales are lower than expected......time to tread carefully.

jmonroe1

driver100 said:

xwesx said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

Win or no, if you abandon us over money, we will take it personally.

I'll need to find new friends who drive Ferrari's and Bentleys, have yachts, a Rolex, home tennis courts, can dine out at Michelin restaurants, have homes in 3 countries.....but, if I win it was nice knowing you all, and no, it's nothing personal.

————————————————
Personal or not. Don’t think for a minute that you’ll be missed.

jmonroe

jmonroe1

driver100 said:

xwesx said:

driver100 said:

I don't believe everything I read, but I have to make a judgement call at some point, I have other things I prefer to do than to fact check every news story....there are tennis and pickleball games and lottery tickets to buy for Friday's big draw, but from what I could quickly see, he got subsidies but not as large as some and not out of line, actually smaller than similar businesses. He got the ideas as an entrepreneur, no private person can start a new car company without some help. If the government was in charge, it would end up like the post office, never profitable, always in debt.

It isn't a matter of whether Tesla could stand on its own today, but it never would have made it this long or far without the front-end assistance it received 10-15 years ago. Frankly, I think it was a way better investment than a lot of the crap that we push public dollars into. It makes the owner/s wealthy, but they don't actually bring the promised products to fruition, or, often, even make the promised investments. Depending on the mechanism by which they received the funding, there is often no recourse.

I agree, the idea was daring and brilliant, and Musk is a true entrepreneur. The idea was new and it might not have got started without some government help, but now there are lots of companies that copied and are looking for handouts too. Tesla seem to have or will pay off....but a lot of these wannabes that are getting subsidies won't last. The government has to proceed carefully. EV sales are lower than expected......time to tread carefully.

————————————————
That sounds good but my fear is our government might double down trying to convince the public that they were right all along in that EV’s are the way to go. Probably true someday but not today or tomorrow and likely not even within 5 years.

jmonroe

fintail

driver100 said:

Mandated to comply.
But it would be better if they left it to entrepreneurs like Musk and Tesla. They can do it for profit, and not be subsidized by governments....who want to force us to buy a product that isn't suitable or ready for mass adoption.
Our Canadian government has spent $Billions to land battery plants and plants to build EVs, meanwhile EV manufacturers are going bankrupt and the battery and production plants are
stalled...waiting to see what sales will be like moving forward....very poor right now.

I'd call him more of a visionary, some of his visions work better than others. He's the 21st century Howard Hughes but with more ketamine highs and deplorable opinions and positions. He's also an avid liar and a vain contrarian troll, for what it's worth.

stickguy

@jmonroe1 said:
————————————————
That sounds good but my fear is our government might double down trying to convince the public that they were right all along in that EV’s are the way to go. Probably true someday but not today or tomorrow and likely not even within 5 years.

jmonroe

No worries now. More likely they get banned.

oldfarmer50

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

How would that work for you? Would you have to pay US taxes and then pay Canadian taxes too?

oldfarmer50

explorerx4 said:

Another thing that realy helps Tesla is selling emissions credits.

I understand that getting carbon credits for their EV somewhat offsets the loses manufacturers have selling them. I wonder how that works exactly.

oldfarmer50

driver100 said:

btw....the chance of winning the MegaMillion Jackpot is 1 in 302,575, 380.
The chance of getting struck by lightning is 1 in 15,000.
The next draw since there wasn't a winner Tuesday is on Friday, for $1.15 Billion.
If I win I may not be posting for a week or two. I'll have a lot to sort out.
Oh, since I don't buy lottery tickets I found it interesting you can't use a credit card to buy a ticket....cash only!

Don’t waste your money as I have the winning ticket.🎫😃

Michaell

oldfarmer50 said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

How would that work for you? Would you have to pay US taxes and then pay Canadian taxes too?

I used to work with someone who played the lotteries pretty consistently. In Colorado, if you take the cash option, you end up with about 37% of the prize amount, after all taxes have been sorted.

$370M, if invested in 30 day T-Bills at the current rate of 4.43%, would generate approximately $16.4M interest annually, or just under $1.4M per month. You could, of course, choose to invest in something with a better return, but then you'd have to take on some risk.

No way could I (or would I) spend into the principal of that nest egg, even if I were to indulge in every house, car, and travel fantasy I had.

oldfarmer50

xwesx said:

driver100 said:

I don't believe everything I read, but I have to make a judgement call at some point, I have other things I prefer to do than to fact check every news story....there are tennis and pickleball games and lottery tickets to buy for Friday's big draw, but from what I could quickly see, he got subsidies but not as large as some and not out of line, actually smaller than similar businesses. He got the ideas as an entrepreneur, no private person can start a new car company without some help. If the government was in charge, it would end up like the post office, never profitable, always in debt.

It isn't a matter of whether Tesla could stand on its own today, but it never would have made it this long or far without the front-end assistance it received 10-15 years ago. Frankly, I think it was a way better investment than a lot of the crap that we push public dollars into. It makes the owner/s wealthy, but they don't actually bring the promised products to fruition, or, often, even make the promised investments. Depending on the mechanism by which they received the funding, there is often no recourse.

Like it or not crony capitalism is deeply entrenched in our system and not always for the best. For example there is a computer chip plant near stickguy that has received billions in subsidies through their political connections with a certain Senator. They are also the state’s largest user of H1b visas so that they can hire foreign workers and not Americans because they are cheaper. The owners are in Abu Dhabi.

jmonroe1

oldfarmer50 said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

How would that work for you? Would you have to pay US taxes and then pay Canadian taxes too?

————————————————
Interesting question. But I think both governments would be in favor of “double-dipping”.

jmonroe

jmonroe1

stickguy said:

@jmonroe1 said:

————————————————

That sounds good but my fear is our government might double down trying to convince the public that they were right all along in that EV’s are the way to go. Probably true someday but not today or tomorrow and likely not even within 5 years.

jmonroe

No worries now. More likely they get banned.

————————————————-
I can’t see that happening. At least not for Elon given his interest in the last presidential campaign.

jmonroe

explorerx4

Here's an article from 2020 about Tesla profit from selling carbon credits.
https://www.caranddriver.com/news/a32346670/other-automakers-paid-tesla-record-354-million/

driver100

oldfarmer50 said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

How would that work for you? Would you have to pay US taxes and then pay Canadian taxes too?

I would have to pay U.S. taxes. We aren't taxed on lottery winnings in Canada because if they taxed lottery winnings, they'd have to give you a deduction for all the tickets you didn't win with. It's like a business, you can write off business expenses to earn money. I think it would apply to a lottery win in the U.S. too, but not positive. However, if I won $940 million I'd still have enough left after paying taxes, I could get by on $100 or $200 million.

driver100

jmonroe1 said:

driver100 said:

xwesx said:

driver100 said:

I don't believe everything I read, but I have to make a judgement call at some point, I have other things I prefer to do than to fact check every news story....there are tennis and pickleball games and lottery tickets to buy for Friday's big draw, but from what I could quickly see, he got subsidies but not as large as some and not out of line, actually smaller than similar businesses. He got the ideas as an entrepreneur, no private person can start a new car company without some help. If the government was in charge, it would end up like the post office, never profitable, always in debt.

It isn't a matter of whether Tesla could stand on its own today, but it never would have made it this long or far without the front-end assistance it received 10-15 years ago. Frankly, I think it was a way better investment than a lot of the crap that we push public dollars into. It makes the owner/s wealthy, but they don't actually bring the promised products to fruition, or, often, even make the promised investments. Depending on the mechanism by which they received the funding, there is often no recourse.

I agree, the idea was daring and brilliant, and Musk is a true entrepreneur. The idea was new and it might not have got started without some government help, but now there are lots of companies that copied and are looking for handouts too. Tesla seem to have or will pay off....but a lot of these wannabes that are getting subsidies won't last. The government has to proceed carefully. EV sales are lower than expected......time to tread carefully.

————————————————
That sounds good but my fear is our government might double down trying to convince the public that they were right all along in that EV’s are the way to go. Probably true someday but not today or tomorrow and likely not even within 5 years.

jmonroe

I was reading the Tesla Cybertruck is supposed to go about 360 miles. But that can get reduced to 150 or so depending on the weight of the load and the temperature. That's not much use for a working guy. They figure the Cybertruck is for people who want to drive a big vehicle ......for trips in the city.
Even in Europe, people who buy EVs use them in the city, and take their gassers on long trips.

driver100

explorerx4 said:

Here's an article from 2020 about Tesla profit from selling carbon credits.
https://www.caranddriver.com/news/a32346670/other-automakers-paid-tesla-record-354-million/

I glanced at one report. I believe automakers buy credits for cars that produce more pollution....like Ford F-150s. In order to sell those Ford pays a fee....the money goes to Tesla. Musk probably feels that is not a subsidy, he earned that money.

driver100

jmonroe1 said:

stickguy said:

@jmonroe1 said:

————————————————

That sounds good but my fear is our government might double down trying to convince the public that they were right all along in that EV’s are the way to go. Probably true someday but not today or tomorrow and likely not even within 5 years.

jmonroe

No worries now. More likely they get banned.

————————————————-
I can’t see that happening. At least not for Elon given his interest in the last presidential campaign.

jmonroe

The last thing I read said he doesn't care...the market can have both gassers and EVs, and the public can buy what they want. In fact, he doesn't want subsidies for EVs because it will help his competition more than it will help him.

driver100

jmonroe1 said:

driver100 said:

xwesx said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

Win or no, if you abandon us over money, we will take it personally.

I'll need to find new friends who drive Ferrari's and Bentleys, have yachts, a Rolex, home tennis courts, can dine out at Michelin restaurants, have homes in 3 countries.....but, if I win it was nice knowing you all, and no, it's nothing personal.

————————————————
Personal or not. Don’t think for a minute that you’ll be missed.

jmonroe

I gave you an lol, because I know you are just joking

jmonroe1

driver100 said:

jmonroe1 said:

driver100 said:

xwesx said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

Win or no, if you abandon us over money, we will take it personally.

I'll need to find new friends who drive Ferrari's and Bentleys, have yachts, a Rolex, home tennis courts, can dine out at Michelin restaurants, have homes in 3 countries.....but, if I win it was nice knowing you all, and no, it's nothing personal.

————————————————
Personal or not. Don’t think for a minute that you’ll be missed.

jmonroe

I gave you an lol, because I know you are just joking

————————————————
Oh how wrong you are.

jmonroe

snakeweasel

driver100 said:

btw....the chance of winning the MegaMillion Jackpot is 1 in 302,575, 380.
The chance of getting struck by lightning is 1 in 15,000.
The next draw since there wasn't a winner Tuesday is on Friday, for $1.15 Billion.
If I win I may not be posting for a week or two. I'll have a lot to sort out.
Oh, since I don't buy lottery tickets I found it interesting you can't use a credit card to buy a ticket....cash only!

The odds of being struck by lightning is one in 15,300 over an 80 year life span, the 1 in 302,575,380 chance is for one ticket for one drawing. Buy two tickets and your odds decrease by half, buy tickets for more than one drawing you have a better chance of winning. But it is still is an extremely tiny chance of winning during your lifetime.

If I win the big prize, and I won't, you will never hear about me winning.

snakeweasel

driver100 said:

oldfarmer50 said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

How would that work for you? Would you have to pay US taxes and then pay Canadian taxes too?

I would have to pay U.S. taxes. We aren't taxed on lottery winnings in Canada because if they taxed lottery winnings, they'd have to give you a deduction for all the tickets you didn't win with. It's like a business, you can write off business expenses to earn money. I think it would apply to a lottery win in the U.S. too, but not positive. However, if I won $940 million I'd still have enough left after paying taxes, I could get by on $100 or $200 million.

driver100 said:

oldfarmer50 said:

driver100 said:

Well I am sorry to report I didn't win the $940 million Mega Millions Lottery last night. If I had won I would have bought a baby Bentley and I would have wished you all well and told you I had enjoyed knowing you....but, I am still around.
No one won so next week the lottery will be over $1 Billion, maybe it will be a blessing that I win next week instead.
I haven't bought a lottery ticket in years, there's more chance of getting struck by lightening. Besides, if I take the cash the $940 million becomes $600 million, after taxes maybe $400 million, kind of a rip off.

How would that work for you? Would you have to pay US taxes and then pay Canadian taxes too?

I would have to pay U.S. taxes. We aren't taxed on lottery winnings in Canada because if they taxed lottery winnings, they'd have to give you a deduction for all the tickets you didn't win with. It's like a business, you can write off business expenses to earn money. I think it would apply to a lottery win in the U.S. too, but not positive. However, if I won $940 million I'd still have enough left after paying taxes, I could get by on $100 or $200 million.

In the US you can deduct gaming losses but only to the extent of your gaming winnings. So if you don't win you cannot deduct anything.

jmonroe1

snakeweasel said:

driver100 said:

btw....the chance of winning the MegaMillion Jackpot is 1 in 302,575, 380.
The chance of getting struck by lightning is 1 in 15,000.
The next draw since there wasn't a winner Tuesday is on Friday, for $1.15 Billion.
If I win I may not be posting for a week or two. I'll have a lot to sort out.
Oh, since I don't buy lottery tickets I found it interesting you can't use a credit card to buy a ticket....cash only!

The odds of being struck by lightning is one in 15,300 over an 80 year life span, the 1 in 302,575,380 chance is for one ticket for one drawing. Buy two tickets and your odds decrease by half, buy tickets for more than one drawing you have a better chance of winning. But it is still is an extremely tiny chance of winning during your lifetime.

If I win the big prize, and I won't, you will never hear about me winning.

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That’s a far cry from the way I’d handle it. If I won, I’d be in here rubbing it in till they broomed me out of here.

jmonroe

xwesx

jmonroe1 said:

That’s a far cry from the way I’d handle it. If I won, I’d be in here rubbing it in till they broomed me out of here.

jmonroe

We know.

qbrozen

@snakeweasel said:
Buy two tickets and your odds decrease by half

If that were true, we’d all be rich. Buy 2 tickets and you now have a 2 in 302M chance, not 1 in 151M.

snakeweasel

qbrozen said:

@snakeweasel said:

Buy two tickets and your odds decrease by half

If that were true, we’d all be rich. Buy 2 tickets and you now have a 2 in 302M chance, not 1 in 151M.

A 2 in 302m chance is a 1 in 151M chance however the odds are still heavily against you. But let's face it, if you buy 5 tickets every drawing for your entire life and live to 80 you still only have a 0.0135% chance of winning. So yes buying more tickets gets you better odds but you go from really, really bad odds to well still really, really bad odds.

Lets put it this way. if the lottery was a flip of a coin and I buy one ticket for heads I have a 1 in 2 chance of winning, but if I buy two tickets each a different outcome that means I have a ticket for heads and one for tails so now I have a 2 in 2 chance or a 1 in 1 chance of winning or a 100% chance of winning.

Or you can look at it this way, you can buy up every possible combination (if you had the time and money) you will win and if you're they only winner come away a few hundred million richer after taxes and taking into account the money spent on the tickets. But if someone else wins you are screwed.

jmonroe1

xwesx said:

jmonroe1 said:

That’s a far cry from the way I’d handle it. If I won, I’d be in here rubbing it in till they broomed me out of here.

jmonroe

We know.

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That’s because I never lie, anymore.

jmonroe

jmonroe1

snakeweasel said:

qbrozen said:

@snakeweasel said:

Buy two tickets and your odds decrease by half

If that were true, we’d all be rich. Buy 2 tickets and you now have a 2 in 302M chance, not 1 in 151M.

A 2 in 302m chance is a 1 in 151M chance however the odds are still heavily against you. But let's face it, if you buy 5 tickets every drawing for your entire life and live to 80 you still only have a 0.0135% chance of winning. So yes buying more tickets gets you better odds but you go from really, really bad odds to well still really, really bad odds.

Lets put it this way. if the lottery was a flip of a coin and I buy one ticket for heads I have a 1 in 2 chance of winning, but if I buy two tickets each a different outcome that means I have a ticket for heads and one for tails so now I have a 2 in 2 chance or a 1 in 1 chance of winning or a 100% chance of winning.

Or you can look at it this way, you can buy up every possible combination (if you had the time and money) you will win and if you're they only winner come away a few hundred million richer after taxes and taking into account the money spent on the tickets. But if someone else wins you are screwed.
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Don’t make it so complex. Just buy one ticket, OK, maybe 2 and resign yourself to the fact that you contributed to the pot for the winner. That person will be forever grateful.

FWIW, if I ever had the second place ticket, I’d jump off a low bridge.

jmonroe

stickguy

a couple of tickets is just a small investment in entertainment. Like buying tickets to ride a roller coaster. It lets you get a couple of minutes of thrills checking the winning numbers!

Michaell

jmonroe1 said:

xwesx said:

jmonroe1 said:

That’s a far cry from the way I’d handle it. If I won, I’d be in here rubbing it in till they broomed me out of here.

jmonroe

We know.

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That’s because I never lie, anymore.

jmonroe

Except to the IRS, apparently.