kdonnel
DVC-BCV
- Joined
- Feb 1, 2001
OuchI'd use the after tax portion for a down payment on a house in our city. That would leave us with a mortgage about equal to what we are currently paying in rent.
OuchI'd use the after tax portion for a down payment on a house in our city. That would leave us with a mortgage about equal to what we are currently paying in rent.
Ouch
Um...yes you do if you live in the US. You may not have to pay any state taxes (we don't in Florida), but you would certainly have to pay US income tax.I'm going to pretend this came from a lottery because we don't pay taxes on winnings.
Since there is no tax on lottery winnings or gifts here in Canada (and presuming it would have to be one or the other) the whole shebang would be mine.I would set aside whatever would be needed for taxes and invest the rest before year-end.
Oh I love posts like this on here. Gives everyone a chance to show off how debt free they are!!! So much fun.
I'm not debt-free, nor is attaining it {{gasp }} my highest priority. I don't really care what others think about that though, nor do I begrudge anybody managing their money differently. I don't ask internet strangers for financial advice nor do I give it, unsolicited. Oh, and we lease our cars - try admitting that in a DIS discussion about finances.Oh I love posts like this on here. Gives everyone a chance to show off how debt free they are!!! So much fun.
I would set aside whatever would be needed for taxes and invest the rest before year-end.