lottery tip

[NYShoreGuy]

if there is only one winner of powerball saturday and is from nj the cash option net payout once all taxes are accounted for will be 266M

 

[jcalz88]

damm.... I win, I am bringing SHU BACK!!!!

 

[SnakeTom]

if there is only one winner of powerball saturday and is from nj the cash option net payout once all taxes are accounted for will be 266M

I can live on that !!!

Tom K

 

[cernjSHU]

Well cash Option always cuts the prize in half. Then you have to pay taxes on the half. 266 million. Let's think about that for one second. Say you invest 260 million and only have 3% rate of return. That earns 7.8 million a year in gains for a year. You can live an incredibly wealthy lifestyle every year and never see you bank account dip. Mind blowing.

 

[HALL85]

The other side of that is that the government will piss away $500 million in tax revenue. Does anyone know where this money goes?