Arkansas has a new Billionaire

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Arkansas has a new Billionaire

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Not for long. They gonna move with the quickness.

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They are going to clear $1B after taxes?

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Lump sum they’ll be lucky to clear $650MM after taxes.

Estimated After-Tax Amounts (Rough Calculations, Single Filer)
• Lump Sum ($834.9 million gross):
• Immediate withholding: ~24% federal (~$200.4 million) + 3.9% state (~$32.6 million) ? Initial check: ~$601.9 million.
• Additional federal owed at filing: ~13% (~$108.5 million).
• Net take-home: Approximately $493–510 million (about 59–61% of gross, depending on exact deductions/other income).
• Annuity ($1.817 billion gross over 30 years):
• Each payment withheld at 24% federal + 3.9% state upfront.
• Total tax per payment: ~37% federal + 3.9% state = ~40.9%.
• Net annual payments: Start lower (~$22–23 million net in early years) and grow to higher amounts later (due to 5% increases), averaging ~$36–37 million net per year.
• Overall net over 30 years: Roughly $1.07–1.1 billion (higher retention than lump sum due to spreading income over time, potentially lower brackets per year).

What a moron. The poor guy probably sucks at math. I hope he’s proud of throwing his money away.

Hopefully he can get his tooth fixed

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Lump sum they’ll be lucky to clear $650MM after taxes.

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“Lucky” to be handed $650 million dollars. Good grief.

Maybe he'll contribute to the NIL for the Hogs.....

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Lucky” to be handed $650 million dollars.

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Hell, that is a good chunk of money to help with a coach’s buyout.

I remember the lady from Bama that wanted to fire Deboer with her winnings after the first game. Look who is laughing now.

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Estimated After-Tax Amounts (Rough Calculations, Single Filer) • Lump Sum ($834.9 million gross): • Immediate withholding: ~24% federal (~$200.4 million) + 3.9% state (~$32.6 million) ? Initial check: ~$601.9 million. • Additional federal owed at filing: ~13% (~$108.5 million). • Net take-home: Approximately $493–510 million (about 59–61% of gross, depending on exact deductions/other income). • Annuity ($1.817 billion gross over 30 years): • Each payment withheld at 24% federal + 3.9% state upfront. • Total tax per payment: ~37% federal + 3.9% state = ~40.9%. • Net annual payments: Start lower (~$22–23 million net in early years) and grow to higher amounts later (due to 5% increases), averaging ~$36–37 million net per year. • Overall net over 30 years: Roughly $1.07–1.1 billion (higher retention than lump sum due to spreading income over time, potentially lower brackets per year).

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Not too shabby, considering only a $1 investment…

Dead in a year from Meth, Moonshine, Mountain Dew and Motorsports