What would you do?

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What would you do?

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Agmen of Eladesor

03-29-2012, 01:17 AM,

#21

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Posts: 5,146
Threads: 661
Joined: Jun 2008

' Wrote:I'm more interested in the fact that half a billion dollars somehow gets turned into a quarter.

The main jackpot is, if you take the annuity option, the full $500,000,000. Divide that by 26 (annual payments) gives you 19.23 mil per year, and then 25% Federal tax off that, so 14.4 mil per year, after 26 years, you end up with $375 mil, less any state taxes on top of that if your state taxes lottery winnings - some of them (California included, amazingly enough) do NOT.

Cash option - meaning you take the lump sum payout - is $359 mil, knock 25% off of that for federal taxes, gives you the lump sum of between $250 - $270 mill, depending (again) on state taxes.

So technically you're only turning a third of a billion into a quarter when you're talking about the cash option. But I have a real good philosophy - take the cash and RUN!

(11-21-2013, 12:53 PM)Jihadjoe Wrote: Oh god... The end of days... Agmen agreed with me.

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Messages In This Thread

What would you do? - by Agmen of Eladesor - 03-28-2012, 11:10 PM

What would you do? - by SA_Scavenger - 03-28-2012, 11:17 PM

What would you do? - by ophidian - 03-28-2012, 11:17 PM

What would you do? - by William Frederick Cody - 03-28-2012, 11:20 PM

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What would you do? - by SA_Scavenger - 03-28-2012, 11:24 PM

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What would you do? - by Benjamin - 03-28-2012, 11:53 PM

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What would you do? - by Petitioner - 03-29-2012, 01:15 AM

What would you do? - by Agmen of Eladesor - 03-29-2012, 01:17 AM

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What would you do? - by Makc_RU - 03-29-2012, 06:54 PM

What would you do? - by Gytrash - 03-29-2012, 09:21 PM

What would you do? - by Agmen of Eladesor - 03-29-2012, 11:09 PM

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What would you do? - by Ayatolah - 03-30-2012, 10:39 PM

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