CARTOONS BY CHRIS BRITT
StartUp_Wisdom_online2
StartUp_Wisdom_online2
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– THE LOTTERY –<br />
Sure you could play the lottery, win and forget all about your business idea. But you still<br />
may want to do something, even if you’re living the life of the rich and famous on Bora<br />
Bora. Plus, there are financial advantages that you can use in your windfall as you can<br />
deduct various expenses,<br />
set up a self-employment<br />
retirement plan with its<br />
requisite tax advantages,<br />
lower your overall tax<br />
liability, and give jobs to<br />
your friends and family<br />
so they won’t continually<br />
be hitting you up for a<br />
“loan.”<br />
HOW DOES IT WORK?<br />
Following are the steps<br />
to follow in starting a<br />
business with the lottery:<br />
Lottery . . . A tax on people who are bad at math.<br />
1. Purchase a lottery ticket, preferably at an obscure, rural mini-mart in the dead of<br />
night. Make sure you sign the back of the ticket immediately.<br />
2. Remember where you put your ticket. Wait for the drawing and check your numbers<br />
carefully.<br />
3. If you lose, repeat Steps 1 and 2.<br />
4. If you win, jump up and down for joy. Then redeem your ticket.<br />
5. When you claim your winnings, tell the press that you plan to sink every dime into<br />
your new business enterprise. This will keep your phone from ringing off the hook as<br />
distant relatives you’ve never heard of come out of the woodwork to ask for money.<br />
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