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Latest Powerball winner takes home... by TheRantingGeek 2007-01-25 10:27:23
...approximately $245 million (U.S.) for purchasing the winning lottery ticket.

The ticket was sold somewhere in Eastern Missouri. The sole winner has the option of taking the payments in 30 installments per annum, or a lumpsum of about $114 million.

Personally, I'd take the lumpsum. Won't have to pay taxes since those will have been taken out already. Opine.

[ Reply ]
  What's the tax on an annual installment? (n/t) by shminux2007-01-25 10:29:02
  I'll take the lump sum, please by Miss L. Anyus2007-01-25 10:36:08
    Don't also forget the time-value of money by kyrasantae2007-01-25 10:38:14
      Dunno what the taxes on lotto is like in the USA by Miss L. Anyus2007-01-25 10:40:21
        I know :P by kyrasantae2007-01-25 10:42:34
      By time-value, I assume you're referring to by Miss L. Anyus2007-01-25 10:47:09
        devaluation, yah. (n/t) by kyrasantae2007-01-25 10:48:45
        Time value of money by basher202007-01-25 11:05:29
  I never could understand that. by AndyA2007-01-25 10:40:05
    When you get the lump sum by altordwm2007-01-25 10:43:33
    Depends on perspective. Note that they say "Estim by talon07202007-01-25 10:50:30
      The other reason for the estimate by basher202007-01-25 11:00:04
        I believe that with Powerball, the ticket sales by talon07202007-01-25 11:16:10
  As I understood it... by esbita2007-01-25 10:44:27
    Except in this case, you don't gain interest on by Miss L. Anyus2007-01-25 11:00:45
      yeah, which is why lump sum is better. by esbita2007-01-25 11:50:44
        It also depends on... by jdelphiki2007-01-25 12:17:11
          Also depends on future taxes. by esbita2007-01-25 12:32:56
            If I won... by jdelphiki2007-01-25 12:36:54
  The lump sum figure is still before taxes by basher202007-01-25 10:49:31
    Yep. I usually rough-guess it as... by jdelphiki2007-01-25 11:43:51
  Did the calculations in econ class. by justncase2007-01-25 12:00:52
  I wouldn't have taken the lump sum by voxwoman2007-01-25 12:02:15

 

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