|
| quote: | Originally posted by ShabbaRANNx
Not trying to shit on everyone's strawberry's but does anyone realize you won't see even close to that amount if you won?
Firstly, you only get the full amount $640 if you agree to take it split into 30 x annual payments.
If you go for the lump sum, then you get 50% of it, meaning $320m.
Sure that's still a lot of money, but then you could be taxed close to 40% in federal taxes, then it's likely state taxes will apply. Then there's capital gains on any interest and let's not forget, your expenditure just for living is going to skyrocket (24/7 managed security, ID theft protection, need to move house (I mean you're really going to live in the same hovel?) and all those vintage cars are going to be expensive to maintain....I could go on but you get the point; the more you win, the more expensive life will get. |
Cash option is not 50%.
|