View Single Post
Old November 27 2012, 10:49 PM   #48
Kenbushway's Avatar
Location: Georgia, USA
Re: Powerball. What could you do with a 425 million dollar lottery win

People apparently sales have driven the powerball amount to 500 million (or half a billion) whichever sounds bigger. That means lump sum payment at 42%(federal/Ga state taxes) taxes taken out equals 189 million.
"The typical investor would be better off if his stocks had no market quotations at all, for he would be spared the mental anguish caused him by other persons' mistakes of judgement."
Benjamin Graham - The Intelligent Investor Chpt 8.
Kenbushway is offline   Reply With Quote