- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
The eternal Powerball question: lump sum vs installment plan?
Posted on 1/7/16 at 7:43 am
Posted on 1/7/16 at 7:43 am
What is the consensus?
This post was edited on 1/7/16 at 7:44 am
40
Posted on 1/7/16 at 7:43 am to Cosmo
Agree
Posted on 1/7/16 at 7:44 am to OneMoreTime
(yes message)
Posted on 1/7/16 at 7:45 am to Cosmo
lump, since taxes are the same either way.
Posted on 1/7/16 at 7:48 am to jeffsdad
Lump. I wouldn't trust the lottery to not go bankrupt, and I don't trust the democrats to not raise taxes.
Posted on 1/7/16 at 7:48 am to jeffsdad
If you are money smart, lump. If you are one of these people that have no idea about money and will likely be broke if you won the lottery, installment plan.
This post was edited on 1/7/16 at 7:49 am
Posted on 1/7/16 at 7:48 am to Cosmo
Lump
Posted on 1/7/16 at 7:50 am to Cosmo
Lump. Those idiots will frick you out of it at some point in the future with installments.
Posted on 1/7/16 at 7:50 am to Cosmo
Lump
Posted on 1/7/16 at 7:51 am to Cosmo
i want it all right now.
Posted on 1/7/16 at 7:51 am to jeffsdad
quote:
since taxes are the same either way.
No they aren't.
With lump sum everything over 466,950 for a married couple is taxed at 39.6%. Everything. At one time.
If you do it yearly you get the 10% through 35% tax brackets again until you go over 466,950 every year.
Posted on 1/7/16 at 7:52 am to Cosmo
Lump sum. Invest the shite out of it so your family is taken care of for generations.
Posted on 1/7/16 at 7:52 am to Cosmo
Lump.
It's my money and I want it now!
It's my money and I want it now!
Posted on 1/7/16 at 7:55 am to Cosmo
If the lottery is for 300 million, if you take the lump you get about 180 million and then 40% of that it taken in taxes.
With the installments you would, over 20 years, get the 300 million less the income taxes.
Most of the idiots who win the powerball should do the installments. They are usually genetically incapable of dealing with that sudden wealth and end up in the shitter again after ten years.
With the installments you would, over 20 years, get the 300 million less the income taxes.
Most of the idiots who win the powerball should do the installments. They are usually genetically incapable of dealing with that sudden wealth and end up in the shitter again after ten years.
This post was edited on 1/7/16 at 7:57 am
Posted on 1/7/16 at 7:58 am to Jake88
TVM
BAW
BAW
Posted on 1/7/16 at 7:58 am to Cosmo
lump sum and after taxes i'd take like 75% and put it into some sort of index fund to get a conservative return and a fat arse annual salary for life
Posted on 1/7/16 at 7:59 am to Cosmo
Payment.
Lump sum is mathematically smarter, but 99.9 percent of human beings can't handle it
Lump sum is mathematically smarter, but 99.9 percent of human beings can't handle it
Posted on 1/7/16 at 8:00 am to Cosmo
Lump sum. I would live off the interest I make every year. Just 3% interest per year and you get 6.5 million assuming you get about 215 million after taxes. If you can't live off of 6.5 million a year you are an idiot.
Page 1 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News