(November 6, 2018 at 10:30 am)BrianSoddingBoru4 Wrote: Suppose I were to win a $300 million jackpot. I settle for half AND have pay the income tax. This is going to leave me with about $80 million.No, no, no. You get the entire amount. The lump sum payment is after taxes. The annual installments are after taxes. You get a "check" for the amount either way. It's just that one way you have an guaranteed income for thirty years, and the other way you have a large sum of money to use, maybe invest. I would choose the lump because I don't know what the tax rate will be in the future, and I would worry that the government would renegotiate the deal if they were desperate.
Our server costs ~$56 per month to run. Please consider donating or becoming a Patron to help keep the site running. Help us gain new members by following us on Twitter and liking our page on Facebook!
Current time: February 3, 2025, 4:39 am
Thread Rating:
If you won the lottery.....
|
|
« Next Oldest | Next Newest »
|
Messages In This Thread |
If you won the lottery..... - by Brian37 - November 6, 2018 at 7:30 am
RE: If you won the lottery..... - by Angrboda - November 6, 2018 at 9:42 am
RE: If you won the lottery..... - by Brian37 - November 6, 2018 at 10:57 am
RE: If you won the lottery..... - by Gawdzilla Sama - November 6, 2018 at 10:01 am
RE: If you won the lottery..... - by Crossless2.0 - November 6, 2018 at 10:21 am
RE: If you won the lottery..... - by onlinebiker - November 6, 2018 at 10:29 am
RE: If you won the lottery..... - by Crossless2.0 - November 6, 2018 at 10:32 am
RE: If you won the lottery..... - by onlinebiker - November 6, 2018 at 10:35 am
RE: If you won the lottery..... - by BrianSoddingBoru4 - November 6, 2018 at 10:30 am
RE: If you won the lottery..... - by Gawdzilla Sama - November 6, 2018 at 12:52 pm
RE: If you won the lottery..... - by BrianSoddingBoru4 - November 6, 2018 at 2:29 pm
RE: If you won the lottery..... - by Brian37 - November 6, 2018 at 2:35 pm
RE: If you won the lottery..... - by Gawdzilla Sama - November 6, 2018 at 5:13 pm
RE: If you won the lottery..... - by BrianSoddingBoru4 - November 6, 2018 at 10:47 am
RE: If you won the lottery..... - by Cato - November 6, 2018 at 10:51 am
RE: If you won the lottery..... - by onlinebiker - November 6, 2018 at 2:40 pm
RE: If you won the lottery..... - by Brian37 - November 6, 2018 at 3:54 pm
RE: If you won the lottery..... - by onlinebiker - November 6, 2018 at 4:17 pm
RE: If you won the lottery..... - by Whateverist - November 6, 2018 at 4:20 pm
|
Users browsing this thread: 1 Guest(s)