$930 Million Cash Value.
I'm sure it will be higher by tonight when the numbers get picked.
I'm sure it will be higher by tonight when the numbers get picked.
600 mill before taxes 450 mill after taxes, lotta hookers and blow in there
always look out for number one and don't step in number two |
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Pre-tax $1,500,000,000 now. Thats paid out over many years.
$930 Million Cash Value. I'm sure it will be higher by tonight when the numbers get picked. Alex "There is a cult of ignorance in the United States, and there has always been. The strain of anti-intellectualism has been a constant thread winding its way through our political and cultural life, nurtured by the false notion that democracy means that "my ignorance is just as good as your knowledge." -- Isaac Asimov |
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need to cash it out and pay taxes
Otherwise if you croak your dependants have to pay tax on the 1.5 billion before getting a dime. Good luck with that loan. always look out for number one and don't step in number two |
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The taxes get removed before you get the money, IIRC
So with the immediate payout 1.5B ends up being about 500M before you get anything. Regards, -scott Welcome to Rivendell, Mr. Anderson. |
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but not if you take payments
the taxes are removed during each annual payment. However of you pass all taxes on the balance needs to be paid before heirs get a dime always look out for number one and don't step in number two |
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Some state-by-state calculations.
https://www.usamega.com/powerball-jackpot.asp It doesn't seem to say anything about dying early, though. Assuming a $1.5B jackpot: Louisiana: 5% State Tax - $2,644,000 for annuity - $49,175,000 for lump sum Cheers, Scott. (Presumably the first thing the winner will do is talk to a tax advisor and learn the skinny for their particular circumstances.) |