17 Dec 13
Originally posted by Trev33So check it out.
Has reached its second ever highest total.
$656 million 😲
The current cash payout is $341M.
Then you get taxed. Call that tax $130M.
That leaves you about $211M as your little nest egg.
Figure you can get 10% return on that.
That puts you at $21.1M/year.
But good ol' Uncle Sam wants his 38% for capital gains.
That leaves you with $13M after those taxes.
So now, you are tasked with spending $1M every month of the year for the rest of your life, without ever touching your nest egg!
Good luck.
- Joined
- 14 Mar 04
- Moves
- 176484
17 Dec 13
Originally posted by FreakyKBHHardly worth buying a ticket.
So check it out.
The current cash payout is $341M.
Then you get taxed. Call that tax $130M.
That leaves you about $211M as your little nest egg.
Figure you can get 10% return on that.
That puts you at $21.1M/year.
But good ol' Uncle Sam wants his 38% for capital gains.
That leaves you with $13M after those taxes.
So now, you are tasked with spen ...[text shortened]... month of the year for the rest of your life, without ever touching your nest egg!
Good luck.
- Joined
- 10 Jan 08
- Moves
- 16951
18 Dec 13
Originally posted by HandyAndyYou have 500 tickets, right? 😉
No, I don't have a ticket. 🙂
How much is a ticket anyway? Been watching people queue (how do you say that in American English? I'm sure you spell it differently) for them on TV today. I'd buy a few tickets, but not if it meant queuing for more than 5 mins.