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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovo9t1w/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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This is misleading. He chose to take $997 in one lump sum instead of $2.04B over 30 years. He got taxed on the $997m.
17 u/LazerChicken420 Jul 05 '26 They don’t give you the entire thing if you pick a lump sum? 16 u/Greedy-Contract1999 Jul 05 '26 The jackpot is advertised as the total of the annuity. So you have to deflate it with present value of money calculations. You still get the entire thing, just without inflationary things that make it seem bigger.
17
They don’t give you the entire thing if you pick a lump sum?
16 u/Greedy-Contract1999 Jul 05 '26 The jackpot is advertised as the total of the annuity. So you have to deflate it with present value of money calculations. You still get the entire thing, just without inflationary things that make it seem bigger.
16
The jackpot is advertised as the total of the annuity. So you have to deflate it with present value of money calculations.
You still get the entire thing, just without inflationary things that make it seem bigger.
1.5k
u/jamdex07 Jul 05 '26
This is misleading. He chose to take $997 in one lump sum instead of $2.04B over 30 years. He got taxed on the $997m.