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masraum masraum is online now
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Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 57,130
Quote:
Originally Posted by stevej37 View Post
Friday's billion dollar winner was from Novi, Michigan.
The taxes (state and fed) add up to $305 million.
If he takes the winnings in one check...that leaves $434 million in his pocket.
If he takes it over 30 years as an annuity...he will gain about $200 million.

$2 for the ticket...I hope he spends it well.
That'd be tough. I think I'd prefer to get it all now and invest. But as stated, either way assuming the remainder can be inherited if you die before the 30 years is up, you can't really choose incorrectly.
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