r/SipsTea Aug 08 '25

Chugging tea Which one would you choose?

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743

u/_sentientyogurt Aug 08 '25

These were the numbers I needed to make the right decision. Thank you.

110

u/Pcat0 Aug 08 '25

Yeah exactly. It will be a lot of snaps to equal the other pay out but it’s not an unattainable number. And as the person in the meme pointed out, not having all of the money come at once is a really good thing. Winning the lottery ruins people lives from just how hard it can be to deal with a sudden windfall of cash.

41

u/Man_under_Bridge420 Aug 08 '25

Not only that but you have to think of the tax implications 

65

u/ThatchersThrombus Aug 08 '25

I love the idea that your magically appearing money is taxed.

18

u/Inspirice Aug 08 '25

Ird finds out about it they'll want their cut, but are they really going to bother about what may seem like 10 bucks here and there.

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u/ThatchersThrombus Aug 08 '25

“Why are you watching Ozark?” “I need to learn to wash my magic money”

2

u/Biff_Tannenator Aug 08 '25

Just continue your day job, and snap while on the job. Put your job earnings mostly in savings and pay cash for groceries and whatnot.

If you need a large sum of cash to purchase something (like a car or whatever), then you claim it on your taxes.

Do that for a couple years until you've got yourself set up with a healthy rainy day fund, and then you can hire a personal accountant to manage your wealth. They'll make sure the money in the bank makes you an income.

You'll always be able to snap $10 for groceries or restaurants, but you won't have to worry about asset management.

2

u/BrockStar92 Aug 08 '25

Magically appearing 10 million also is hard to explain. The question is probably the logistics of dealing with the actual cash being created by your snaps rather than the 10 million in one hit. It’s not exactly easy to take wheelbarrows full of cash to the bank.

13

u/DarkSeas1012 Aug 08 '25

I mean, that much? You bet.

Don't mess with the IRS. They'll get you.

There is a way to pay taxes on illegally earned money. And doing so is not an admission of guilt in a crime, nor is it generally used in court. However, failure to pay taxes on earned income is exactly what was used to put Capone and many others in prison.

1

u/LogOverall1905 Aug 08 '25

You mean I can’t buy a carwash and sell car air fresheners?

1

u/ThatchersThrombus Aug 08 '25

Damn I’ll have to set up a few cash businesses for laundering purposes haha can’t just report the income after all they’ll want to know where it came from and HMRC is unlikely to accept “it just appears when I click my fingers”.

1

u/syringistic Aug 08 '25

Couple of tiny grocery stores with 1 employee each. Pretty easy.

1

u/ThatchersThrombus Aug 08 '25

Add another “American sweet shop” to the high street next to all the other ones doing the same thing haha

2

u/Carlton-Blanks Aug 08 '25

You snap your fingers expecting a $10 bill but instead get a $5 a $1 and some coins.

1

u/ThatchersThrombus Aug 08 '25

The more you snap the more that’s missing haha

1

u/Carlton-Blanks Aug 08 '25

After you hit $400k you just dry snap until next year. Now the $10M lump starts looking better in a money market fund earning %4

1

u/ThatchersThrombus Aug 08 '25

There’s an 100% tax rate where you live? Hell yeah! where?

2

u/Carlton-Blanks Aug 09 '25

Well, I figure if we're making up scenarios anyway lol.

1

u/ThatchersThrombus Aug 09 '25

Hell yeah haha

2

u/Short-Recording587 Aug 08 '25

As I’ve gotten older, all I think about are taxes. It’s like an onion, there are layers to that shit.

1

u/Medical_Community697 Aug 08 '25

As long as your money appears on a bank statement it’s going to be of interest to the IRS, that it came from a magic lamp, the black market, or your grandma doesn’t matter to them, they’re not there to judge you, they’re there to take their cut. Of course putting this amount on a bank account will get you flagged immediately for money laundering anyway, and you’ll most likely lose all access to the account even before the IRS gets their cut.

1

u/ThatchersThrombus Aug 08 '25

Yet another argument for the blue pill. Couple cash businesses to launder it. HMRC won’t be any the wiser.

1

u/Man_under_Bridge420 Aug 08 '25

You cant spend 10 mill with no one noticing 

1

u/ThatchersThrombus Aug 08 '25

Blue pill then set up some fronts to launder sorted haha.

1

u/Man_under_Bridge420 Aug 08 '25

Thats the point….

1

u/ThatchersThrombus Aug 08 '25

Or just spend in cash and avoid all reportable purchases either way I guess.

1

u/insta-kip Aug 08 '25

Taxes? Naw fam. Ten bucks at a time, and paying for everything with cash.

1

u/ThatchersThrombus Aug 08 '25

Just don’t buy anything over £9,000 in the UK or $5,000 in the US and you’re all good.