If you won 2 billion dollars how much do you think they will tax it? 🧐🤨🤬

[ajnapoleon]

 

[JQ Legend]

Damn that’s close to 80%

 

[Coco Loco]

This is why installments instead of the lump sum makes more sense

The flip side, we don't know how long we'll be here to collect in full

 

[Paper Boi]

https://finance.yahoo.com/news/2-billion-powerball-winner-making-170524751.html

lol

 

[Geek Nasty]

I keep saying this these lottos need to be sued for false advertising. It's not just the taxes, if you ask for your money up front they penalize you. If you get it in installments, inflation and opportunity loss reduces your winnings. So, that advertised prize $ is bullshyt

 

[The_Sheff]

It doesn't all leave in taxes, most of it was never there to begin with.

The "jackpot" is an annuity. It's how much they will give you over the length of 20 years, while they earn a return on the money in the pot. The 2 billion was never there, that isn't how much they collected for the contest.

The apt comparison is how much you earn in total investing that lump sum over 20 years in comparison to the listed annuity.

 

[Elim Garak]

That's more than enough money. I would put 20 million aside and start helping family and friends.

 

[Justin Nitsuj]

just gotta be thankful for whatever you get back after taxes. hopefully they won’t take it all

 

[Luke Cage]

This is why installments instead of the lump sum makes more sense

The flip side, we don't know how long we'll be here to collect in full

That's what i would do.
Not like i plan on spending all of that money at once. And credit institutions knowing you have the money coming will still grant you loans if necessary.
Plus, you can alway cash out later if you want as well.

 

[Elim Garak]

This is why installments instead of the lump sum makes more sense

The flip side, we don't know how long we'll be here to collect in full

That's why I would want the lump sum.