got you, wasnt think of time value.sleeper;1131923 wrote:http://en.wikipedia.org/wiki/Time_value_of_money
Raw Dawgin' it;1131909 wrote:assuming you make it 25 years... if you die you can't leave it to anyone
you sure? i was under the impression the payouts stop if you die and you can't leave them to anyoneDeyDurkie5;1131930 wrote:this is just not true
agreedsleeper;1131915 wrote:It would be absolutely retarded to take the payments over 25 years.
LJ is our resident lotto expert. He probably use to work there and/or knows someone the inside. Hell, he might even know the winning numbers for tonight if you ask him.Raw Dawgin' it;1131933 wrote:you sure? i was under the impression the payouts stop if you die and you can't leave them to anyone
Hell, I think you should fuck off!sleeper;1131937 wrote:LJ is our resident lotto expert. He probably use to work there and/or knows someone the inside. Hell, he might even know the winning numbers for tonight if you ask him.
from their site...Raw Dawgin' it;1131933 wrote:you sure? i was under the impression the payouts stop if you die and you can't leave them to anyone
gut;1131888 wrote:Lump-sum of $462M!!!! And after taxes, probably like $315M.
I'd almost rather take installments - it's not really the financially savvy choice, but $25.6M a year for 25 years is pretty cool
| <big></big> | ||||
 |
||||
|
$462,000,000 | |||
|
Lump-sum cash: $462,000,000 | |||
|
- $115,500,000 | |||
|
[HR][/HR]$346,500,000 |
| [HR][/HR] | ||||
|
- $27,720,000 | |||
| Your net per year: $16,984,616 | Your net payout: $318,780,000 | |||
| After 26 payments: $441,600,016 |
Yeah, I understand that...I only mentioned the 25yrs to put into context just what a ridiculous sum that is. Plus it'd be cool to get a $25M check from the govt every year.sleeper;1131923 wrote:http://en.wikipedia.org/wiki/Time_value_of_money
I already promised an IPAD3 to all who gave me reps when I win....DeyDurkie5;1131804 wrote:Let's all agree that if somoene on this thread wins, everyone who posted gets 10,000$
Unless you're planning on spending every dime as soon as you get it, you're kind of missing a big part of the calculation (return on the money you invest). I did an analysis based on the assumption of spending $3 million per year and investing the rest. The lump sum "won" by several hundred million over the 26 years.I Wear Pants;1131971 wrote:
<big></big>
Mega Millions Jackpot for Fri, Mar 30, 2012 $640,000,000 $462,000,000
Gross Prize 26 annual payments of $24,615,385 Lump-sum cash: $462,000,000
- 25% Federal Tax - $6,153,846 - $115,500,000
Subtotal [HR][/HR]$18,461,539 [HR][/HR]$346,500,000
[HR][/HR]
Ohio: 6% State Tax - $1,476,923 - $27,720,000 Your net per year: $16,984,616 Your net payout: $318,780,000 After 26 payments: $441,600,016
You could hide/bury $25M somewhere in the US. Then amass the largest twitter following history will ever know dropping occasional hints to the whereabouts....Hey, I think we just found a way to drive more traffic to this site! Heck, with all the ad revenue you'd get you might even make money on that deal.justincredible;1132012 wrote:If I won I'd get it all in coins and swim in it like Scrooge McDuck.
justincredible;1132012 wrote:If I won I'd get it all in coins and swim in it like Scrooge McDuck.
Reps.justincredible;1132012 wrote:If I won I'd get it all in coins and swim in it like Scrooge McDuck.
Ha, not a bad idea. It wouldn't even need to be $25m. I could hide $500k and get the same effect.gut;1132015 wrote:You could hide/bury $25M somewhere in the US. Then amass the largest twitter following history will ever know dropping occasional hints to the whereabouts....Hey, I think we just found a way to drive more traffic to this site! Heck, with all the ad revenue you'd get you might even make money on that deal.
Then you could post clues to its whereabouts on the Chatterz and attract millions of hits. Talk about 2 birds one stone.justincredible;1132028 wrote:Ha, not a bad idea. It wouldn't even need to be $25m. I could hide $500k and get the same effect.
Yeah, I'd make back the $500k in no time. Hell, maybe I'll just pretend I've hid something valuable somewhere and post it here.chicago510;1132029 wrote:Then you could post clues to its whereabouts on the Chatterz and attract millions of hits. Talk about 2 birds one stone.
You'd probably have to pay out at least once to generate credibility. But I like the idea of only $500k instead of $25M!justincredible;1132031 wrote:Yeah, I'd make back the $500k in no time. Hell, maybe I'll just pretend I've hid something valuable somewhere and post it here.
justincredible;1132031 wrote:Yeah, I'd make back the $500k in no time. Hell, maybe I'll just pretend I've hid something valuable somewhere and post it here.
gut;1132032 wrote:You'd probably have to pay out at least once to generate credibility. But I like the idea of only $500k instead of $25M!
