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rubbergears · 03-26-2011, 01:52 PM

My first post and I'm writing as the economist I am during the day. I run pay sites and do affiliate marketing so I should probably do an intro now.

Anyway, it's the basics of net present value plus taxes when bringing the big number down to what a person could get right now. Bird in the had vs. two in the bush.

For example, Powerball tonight has a jackpot of $125 million. But that's the total amount paid if you take it over 30 years. And because a million thirty years from now is worth considerably less in the hand right now, the cash payout is $63.7 million. Less taxes it'd be $35-40 million net depending on the rapaciousness of your state. So figure roughly a third of the total to get cash in hand. Making the $90 net estimate from the $312 pretty accurate because NY has high taxes.

And the first thing I'd do would be to set up a blind trust to claim the prize so I don't have every asshole around at my door telling me how they deserve some because I have so much and can afford to give some to them.

03-26-2011, 01:52 PM
rubbergears Registered User Industry Role: Join Date: Sep 2010 Posts: 6	My first post and I'm writing as the economist I am during the day. I run pay sites and do affiliate marketing so I should probably do an intro now. Anyway, it's the basics of net present value plus taxes when bringing the big number down to what a person could get right now. Bird in the had vs. two in the bush. For example, Powerball tonight has a jackpot of $125 million. But that's the total amount paid if you take it over 30 years. And because a million thirty years from now is worth considerably less in the hand right now, the cash payout is $63.7 million. Less taxes it'd be $35-40 million net depending on the rapaciousness of your state. So figure roughly a third of the total to get cash in hand. Making the $90 net estimate from the $312 pretty accurate because NY has high taxes. And the first thing I'd do would be to set up a blind trust to claim the prize so I don't have every asshole around at my door telling me how they deserve some because I have so much and can afford to give some to them.