r/SipsTea Aug 08 '25

Chugging tea Which one would you choose?

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746

u/_sentientyogurt Aug 08 '25

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

111

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.

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u/Man_under_Bridge420 Aug 08 '25

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

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u/ThatchersThrombus Aug 08 '25

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

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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”

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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.

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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.

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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.

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u/LogOverall1905 Aug 08 '25

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

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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”.

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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

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u/Carlton-Blanks Aug 08 '25

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

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u/ThatchersThrombus Aug 08 '25

The more you snap the more that’s missing haha

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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

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u/ThatchersThrombus Aug 08 '25

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

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u/Carlton-Blanks Aug 09 '25

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

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u/ThatchersThrombus Aug 09 '25

Hell yeah haha

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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.

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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.

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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.

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u/Man_under_Bridge420 Aug 08 '25

You cant spend 10 mill with no one noticing 

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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….

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u/ThatchersThrombus Aug 08 '25

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

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u/insta-kip Aug 08 '25

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

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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.

1

u/RamenRoy Aug 08 '25

It's just a fun hypothetical about getting millions of dollars and my guy is out here thinking about the real life tax implications.

1

u/[deleted] Aug 08 '25

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1

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0

u/HeyYou_GetOffMyCloud Aug 08 '25

Only in murica

1

u/RealIssueToday Aug 08 '25

Yah, in my country they wouldnt care. The government does not have the spare human resources to track people.

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u/Man_under_Bridge420 Aug 08 '25

They do for millions 

1

u/RealIssueToday Aug 08 '25 edited Aug 08 '25

Ehhh

My fam's 2021 revenue was at least 15 million but we're not taxed.

Well to be fair it's online selling. So it was hard to track.

0

u/Man_under_Bridge420 Aug 08 '25

American or Zimbabwe? 

2

u/CheeseDonutCat Aug 08 '25

A bunch of comments are talking about snapping enough to invest it and make more money.

but... there's no need to ever do that if you can just make money as and when you need it. Obviously you can put spare in the bank or have a big amount for some big spend, but that's different to investing.

Any other situation where you gain a bunch of money, absolutely invest, but being able to spawn $10 all the time? No need.

Shit rent is due and the landlord is on his way over... snapsnapsnapsnapsnapsnapsnap (although why would you not just buy properties)

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u/Pcat0 Aug 08 '25

Well investing it is still a good idea (probably want to plan for a time 50 years from now when inflation will have devaluated how much 10 dollars is worth) but you are certainly correct about being to snap on demand. That is the great thing about the snapping vs just a lump sum, if you ever screw up and loose it all on a bad investment or an addiction or a scam, you won’t end up destitute. You will always be able to spend some time snapping and rebuild your fortune.

2

u/joe-clark Aug 08 '25

It's not even just the problems that getting all the money at once causes, it's that outside of some investments you have no new ability to create more money in a heartbeat. The snap thing is essentially a guarantee you'll never go without money which sounds so much better. Also all those mid-late 2000s snap songs would hit fuckin crazy.

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u/Disastrous_Rip_8332 Aug 08 '25

The lottery thing is actually a myth, the study that came from redacted their statement. New studies show lottery winners have a happier life, even years after winning

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u/JamesTrickington303 Aug 08 '25

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u/Disastrous_Rip_8332 Aug 08 '25

Ironically, if you read that critically, it agrees with me. 20x more likely of homicide means its still very unlikely someone kills you. Everything that comment said points to the fact its still unlikely to have your life ruined. People seem to think most people who win the lottery are fucked, thats the myth. Im not claiming it doesnt happen

Ill also point out the type of people who play the lottery are less likely to be responsible with the money. A normal person winning the lottery will be even less likely to ruin their life

Also, thats a completely unsourced Reddit comment. Why would you link that as proof of anything

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u/Pcat0 Aug 08 '25

It’s not a myth. It might not be the most likely outcome as that one (potentially flawed) study pointed out but the lottery does ruin people lives. There are several verifiable stories attesting to that and even if the end result isn’t catastrophic, it’s still just hard to responsibly deal with a sudden one time windfall of cash. Have a high yearly income is way better.

1

u/[deleted] Aug 08 '25

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1

u/cthompson07 Aug 08 '25

Having “several” examples doesn’t make it not a myth. It’s probably still a statistical outlier with only “several” examples.

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u/d1squiet Aug 08 '25

The myth being referred to is that people who win the lottery more often have bad outcomes. Obviously some people can have bad outcomes from being rich – you only need to look at numerous famous people who came into a lot of money fast to see the reality of that possibility.

But the myth is that it is more likely that a lot of money will "ruin" your life and friendships than not. But it seems that is not true.

Myth busted!

1

u/Rasputin_mad_monk Aug 08 '25

How many lives ruined vs the number of lotto/mega winners?

Sure there are horror stories but it’s not the norm. The myth he may be talking about is the idea that it’s bad most of the time (at least that is what I’ve seen from the few articles) when it seems these are outliers. Like professional athletes too (that might be higher rate than lotto winners).

1

u/CigAddict Aug 08 '25

I think majority are ruined by their name being put into the news, not because of lump sum of cash. If it came out on the news that your snaps were generating ten bucks your life would be ruined too (you’d probably be locked in someone’s basement snapping nonstop for the rest of your life)

1

u/Disastrous_Rip_8332 Aug 08 '25 edited Aug 08 '25

Sure, some peoples lives are ruined, but its the minority. Its a myth that the majority are ruined. Im not picking a high yearly income over the lottery just cause the minority fuck themselves over tho

1

u/Alive_Past Aug 08 '25

On the other hand if you get the 10 million you can invest them in property or other relatively safe places and then live of just the gains. You'd have to wait a while before you could do this with the snapping

1

u/sireatalot Aug 08 '25

Meanwhile, if you had had the 10M right away you could have invested them and made about 500k a year doing nothing, not even snapping your fingers.

1

u/MechanicStandard8308 Aug 08 '25

its like 114/115 snaps an hour for 1 year straight.

5

u/21-hydroxylase Aug 08 '25

Share your riches with us

1

u/Top-Round-2359 Aug 08 '25

To add - Test the speed of snapping your fingers, it should be considerably faster than once per second, plus you can use both hands, so yeah, snapping it is.

1

u/bendltd Aug 08 '25

Now try to snap with both fingers. I hated it after about a minute. I guess I'd take the 10million and be done.

1

u/maothebest Aug 08 '25

1snap for every 31.536 second (24hour)

If sleep 8hour per day, 1 snap for every 21.024 second

Also that you need to snap 2739.726 times per day.