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Author	Topic: site breaks down how much you'd get net out of 540 million lottery win for each state [Locked]
BritonGuy Title: Serious Business Posts: 1,567 Registered: 2004-3-4 20:43:50	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	Lump sum, duct tape it to my body, run cross country. -----signature----- Briton Guy...persnickety...NEVER! -Murron (truly) Hawkson is the greatest. -Hawkson Britonguy is usually right. -Onslaught on BT â€œDo or do not... there is no try.â€ - Yodazami Do you expect me to remember what I put in my mouth? -NSMachi
LadyMetropolis Posts: 212 Registered: 2010-12-23 20:31:04	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	I noticed FL isn't on that list. Is there a reason we're being punished?
Lothland Posts: 194 Registered: 2004-3-8 02:11:56	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	Lump sum is much more money if you invest ANY decent amount of it then the annuity. -----signature----- Everyone who has put me in their sig has had it forceably removed. -Xalaten
-Foxy- Title: Moderator Ãœber Brat Posts: 6,565 Registered: 2002-5-29 21:46:17	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	Texas: No State Tax on Lottery Prizes! Your net per year: $18,461,539 After 26 payments: $480,000,014 lump sum Your net payout: $346,500,000 -----signature----- Long suffering vassal to Xarkath, U.P. - Forever and ever
ryu_masamune Posts: 40 Registered: 2000-5-18 06:56:19	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	BritonGuy posted: ryu_masamune posted: This could be the development of a product, starting a company, building a community center, funding research, creating a SuperPAC and literally buying a High Office election... anything is on the table. Worked so well for Gingrich. Oh Briton, I'm not so much a novice that I'd be using my fortune to buy 'me' the Office... no no, that never works out. Look at Ross Perot. I'd buy the candidate and stack the campaign. 74% chance of success there. -----signature----- Your side hates my side because you think we think you're stupid. My side hates your side because we think you're stupid.
Fozzie_Bear Posts: 2,490 Registered: 2001-12-20 01:43:43	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	LadyMetropolis posted: I noticed FL isn't on that list. Is there a reason we're being punished? Bush election, duh? -----signature----- The Oatmeal Butterscotch paired with a Snickerdoodle turned my cynical penis into a happy vagina Then after an Oatmeal Cranberry and Double Chocolate, it made my new vagina spontaneously sing the Trolololo Song in an elevator. ---AkagiyamaMissile
deadcactus Posts: 669 Registered: 2001-12-27 09:17:08	Date Posted: 1/1/00 12:01am Subject: site breaks down how much you'd get net out of 540 million lottery win for each state
	You're an idiot if you take the annuity. The annuity is less money. People investing $300 million aren't plopping it into a CD at 3% interest. You'd come out ahead with passive investing alone but most of you seem to highly underestimate the benefits of walking in with $300million to invest instead of your $5k Roth IRA. The return anyone half way competent (or smart enough to hire someone very competent) is going to vastly overshadow whatever return the government is giving you. Even if you invest your annuity, your money is sitting in a low-yield investment while you wait for it to be paid for you. If you honestly can't keep from f--king up with $300 million, your odds aren't much better with an annuity. Bad financial habits are bad financial habits. They'll screw you over at $10 million a year just as easily as they screw you at $30k a year. Plenty of 1%ers are still working at 65 and 70 because they couldn't pull of something as basic as retirement... -----signature----- 'member dat? True dat.
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