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Started By
Message
re: Lump sum? How is it issued?
Posted on 1/12/16 at 2:58 pm to Dick Leverage
Posted on 1/12/16 at 2:58 pm to Dick Leverage
They Paypal you.......and the guy handling it is in Nigeria. 'Grats!
0
Posted on 1/12/16 at 2:58 pm to saint tiger225
paper check minus taxes, Uncle sam takes his cut upfront
Posted on 1/12/16 at 3:04 pm to Tigerpaw123
i will buy the state of alabama. and then fire saban and do some fine hunting and have a sweet beach condo
Posted on 1/12/16 at 3:06 pm to Tigerpaw123
quote:
Uncle sam takes his cut upfront
I wonder if you get some back at the end of the year
Posted on 1/12/16 at 3:06 pm to Topwater Trout
quote:
I wonder if you get some back at the end of the year
depends how many chirrun u got.
Posted on 1/12/16 at 3:08 pm to Chad504boy
"What about one of those big checks?! I want one of them!"
"I don't have any checks to give..."
LMAO.
And it ain't 800 million fool. It's like 462 or something after tax and the cut they take for taking the lump sum.
This is why people go bankrupt after winning.
"I don't have any checks to give..."
LMAO.
And it ain't 800 million fool. It's like 462 or something after tax and the cut they take for taking the lump sum.
This is why people go bankrupt after winning.
Posted on 1/12/16 at 3:10 pm to STLhog
i ain't taking no lump sum on 1.6 Billion.
Posted on 1/12/16 at 3:11 pm to SabiDojo
quote:
IOU's.
Posted on 1/12/16 at 3:14 pm to Chad504boy
quote:
depends how many chirrun u got.
im going to claim married and 9
Posted on 1/12/16 at 3:17 pm to Dick Leverage
Gift certificates to PetSmart.
Posted on 1/12/16 at 3:32 pm to Dick Leverage
Visa Gift Cards
Posted on 1/12/16 at 4:09 pm to Dick Leverage
Posted on 1/12/16 at 4:14 pm to markasaurus
I thought federal was 39.6
Posted on 1/12/16 at 4:17 pm to Dick Leverage
distributed in cases of solid gold krugerrands.
Posted on 1/12/16 at 4:21 pm to Topwater Trout
quote:
I thought federal was 39.6
It is, but they only withhold 25% from the distribution. The winner would be responsible for paying more in taxes than what is withheld.
Posted on 1/12/16 at 4:23 pm to Booyow
quote:
The winner would be responsible for paying more in taxes than what is withheld.
that is how you mess up by not having a cpa
Posted on 1/12/16 at 4:25 pm to Dick Leverage
They drop you off with a big brief case of 800 million in cash in the 9th ward, and you have to fight your way out. If and only if you make it out, you can bring it to a bank
This post was edited on 1/12/16 at 4:28 pm
Posted on 1/12/16 at 4:29 pm to Dick Leverage
I'm not sure, but considering the $528M you'd receive after taxes in LA, you better not frick around. Considering you can easily get 3% on treasuries, you're missing out on $1,800 of interest per hour that you wait.
Posted on 1/12/16 at 4:32 pm to slackster
They didn't tell you... it actually pays out in Iraqi Dinar
This post was edited on 1/12/16 at 4:34 pm
Posted on 1/12/16 at 4:35 pm to markasaurus
Those federal and state tax withholdings seem to be off. I can't imagine the annuity has a cost basis or gets any preferable tax treatment on the payouts that would result in the 25% tax bracket.
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