To: moovova
She won $369 and is only getting $276? Shouldn’t that be AFTER TAXES?
27 posted on
03/11/2020 5:49:38 AM PDT by
Carriage Hill
(A society grows great when old men plant trees, in whose shade they know they will never sit.)
To: carriage_hill
That’s because she’s taking the lessor lump sum rather than lifetime payoff.
The lump sum is always less.
30 posted on
03/11/2020 6:00:55 AM PDT by
Alas Babylon!
(The prisons do not fill themselves. Get moving, Barr!)
To: carriage_hill
I took it that the amount she’s getting is for a one-time payout versus annual payments for some number of years. Federal, state, and maybe local governments with take ANOTHER 50% or more.
To: carriage_hill
The big numbers that the lottery uses to advertise the jackpot is for a 30 yr payout. The cash payout is always a much smaller number and that is before federal and state taxes.
Whatever the advertised number is, I always calculate it to be a third as a cash lump sum, assuming that there is no state income taxes.
47 posted on
03/11/2020 6:56:32 AM PDT by
prophetic
(Trump is today's DANIEL. Shut the mouth of lions Lord, let his enemies be the Cat Food instead.)
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