i mean, i wouldnt complain about nearly half a billion in cash.
Icy_Performer_6794 on
I hope she has a long life enjoying every cent of it. Backyard bass lake builders rejoice!
NateDetroit on
I can fix her
Several-Unit1842 on
Can they seriously tax existing billionaires
frank1934 on
The only billionaire to be taxed correctly
AcadienDC on
Only?
killians1978 on
Only partly true. The “Jackpot” amount advertised is based on a 20-year annuity at an assumed interest rate. Taking the lump sum also foregoes any future interest earnings, *then* is taxed on the spot at approx 30%. As far as I know, there are no fees.
Cheetotiki on
“only” is doing some heavy lifting…
NecessaryButNotSuff on
Enough wealth that dozens of generations could go without working described as “only”… smh
HobbesNJ on
The lump sum payout was about $835M Then taxes bring it down to that number.
5092AD on
I’m very very jealous.. of the IRS
NotJustJohnSmith on
She is going to struggle to get by on that
MrWriffWraff on
What are the fees for winning a power ball?
Lumpymaximus on
She probably just paid more in taxes than trump and elon combined
Round-Pattern-7931 on
Of course America taxes poor people who get windfalls but not rich people.
Most other countries don’t tax lottery wins for those wondering.
Never_Shall_We_Die on
Americans get taxed on lottery winnings and STILL dont have free healthcare?! What an absolute screw job! Lol. Plebs
attackbat33 on
Can we get a graph that shows the payout vs winnings? I’m curious if it’s a linear curve.
Uh_alrightthen on
“Only”
gasu2sleep on
I get it. The taxes are massive and very unfair… but at this point I wouldn’t care. Just give me my 492M and ciao.
vvitch_ov_aeaea on
Insane that she is allowing her face (the eyes scratched out mean nothing) and this much info to get out.
BattleFeeeld on
Hopefully with that money she can afford surgery to have her eyes fixed, poor woman bless her
Alright_doityourway on
Even with just 492 million, she’s set up for life
VagrantWolf on
Only.
Rapture117 on
“Only”
31nigrhcdrh on
lulz broke ass
Icy-Agent6453 on
I hope she will be ok!
iggyfenton on
She should have insisted this to be anonymous.
Her life is both made much easier and much harder.
polloelectrico on
Heck, I’d take 200 million.
bigwig500 on
Like she just dined at a restaurant fees!! Its the lump sum option.. that is not a fee
Zyzygy8 on
“Only” 💀
AntelopeHelpful9963 on
She’s basically just getting the money they would’ve put up to pay her the yearly agreed-upon payment from. Invested properly she could pay much of it to herself and keep the principal.
That money put in the S&P 500 in 2005 is $4 billion right now and it would be taxed at a different rate.
AlwaysHopelesslyLost on
“only” lol
clownsx2 on
This is fake
Soggy_Instruction224 on
This photo has to be AI. That guy in the sports coat is there twice.
NotAnotherFNG on
The prize was never $1.8 billion. $492.6 million is after taxes. The $1.8 billion figure is based on assumed growth of that $834.9 million if invested and paid out in installments over 20 years. They advertise it as $1.8 billion but they never had that amount available to pay out and I’m not sure why they’re allowed to advertise it that way. Historically there’s a lot more growth in the market than loss, but in the event of Great Depression type crashes you’d never get that money.
WAzRrrrr on
Oh no, only 492 million dollars
winged_seduction on
She should take some of that money and fix her eyes.
Longjumping_Win_7357 on
yeah ONLY 500 million
shadowmage666 on
“Only”
nooneyouknow242 on
Oh no. $432 million dollars she didn’t have before.
wont-stop-mi on
Oh man, she claimed that cash quick. Like too damn quick. Like she didn’t take her time to consult with various Lawyers, CPA’s Financial Advisors, etc to setup correct trusts, investments, banking accounts, and plans to actually keep her from blowing through that money so fast it would make all of our collective heads spin.
math_after_midnight on
Redditors not understanding lump sum vs annuity, a tale decades in the making.
smoy75 on
*only* 492 million lol the amount of debts I would pay off for my friends and family is indescribable. I’d start NGOs and try to make the world better. Oh well lol
Whaleman_007 on
Well, that’s enough to buy your own Supreme Court Justice!
Jayne_of_Canton on
Honestly, this is how all billionaires should be taxed. Her life will not be meaningfully impacted by ONLY getting $492M….
npbevo on
Seems like more than billionaires normally get taxed somehow.
titty-connoisseur on
In my country the organisation behind the lottery pays the tax. So if they announce a prize of 1 million, you get 1 million paid out.
Exotic-Pollution-820 on
Funny. They can tax THAT billionaire but not the real ones.
50 Comments
anyone got her phone # ?
The only billionaire who paid their taxes
i mean, i wouldnt complain about nearly half a billion in cash.
I hope she has a long life enjoying every cent of it. Backyard bass lake builders rejoice!
I can fix her
Can they seriously tax existing billionaires
The only billionaire to be taxed correctly
Only?
Only partly true. The “Jackpot” amount advertised is based on a 20-year annuity at an assumed interest rate. Taking the lump sum also foregoes any future interest earnings, *then* is taxed on the spot at approx 30%. As far as I know, there are no fees.
“only” is doing some heavy lifting…
Enough wealth that dozens of generations could go without working described as “only”… smh
The lump sum payout was about $835M Then taxes bring it down to that number.
I’m very very jealous.. of the IRS
She is going to struggle to get by on that
What are the fees for winning a power ball?
She probably just paid more in taxes than trump and elon combined
Of course America taxes poor people who get windfalls but not rich people.
Most other countries don’t tax lottery wins for those wondering.
Americans get taxed on lottery winnings and STILL dont have free healthcare?! What an absolute screw job! Lol. Plebs
Can we get a graph that shows the payout vs winnings? I’m curious if it’s a linear curve.
“Only”
I get it. The taxes are massive and very unfair… but at this point I wouldn’t care. Just give me my 492M and ciao.
Insane that she is allowing her face (the eyes scratched out mean nothing) and this much info to get out.
Hopefully with that money she can afford surgery to have her eyes fixed, poor woman bless her
Even with just 492 million, she’s set up for life
Only.
“Only”
lulz broke ass
I hope she will be ok!
She should have insisted this to be anonymous.
Her life is both made much easier and much harder.
Heck, I’d take 200 million.
Like she just dined at a restaurant fees!! Its the lump sum option.. that is not a fee
“Only” 💀
She’s basically just getting the money they would’ve put up to pay her the yearly agreed-upon payment from. Invested properly she could pay much of it to herself and keep the principal.
That money put in the S&P 500 in 2005 is $4 billion right now and it would be taxed at a different rate.
“only” lol
This is fake
This photo has to be AI. That guy in the sports coat is there twice.
The prize was never $1.8 billion. $492.6 million is after taxes. The $1.8 billion figure is based on assumed growth of that $834.9 million if invested and paid out in installments over 20 years. They advertise it as $1.8 billion but they never had that amount available to pay out and I’m not sure why they’re allowed to advertise it that way. Historically there’s a lot more growth in the market than loss, but in the event of Great Depression type crashes you’d never get that money.
Oh no, only 492 million dollars
She should take some of that money and fix her eyes.
yeah ONLY 500 million
“Only”
Oh no. $432 million dollars she didn’t have before.
Oh man, she claimed that cash quick. Like too damn quick. Like she didn’t take her time to consult with various Lawyers, CPA’s Financial Advisors, etc to setup correct trusts, investments, banking accounts, and plans to actually keep her from blowing through that money so fast it would make all of our collective heads spin.
Redditors not understanding lump sum vs annuity, a tale decades in the making.
*only* 492 million lol the amount of debts I would pay off for my friends and family is indescribable. I’d start NGOs and try to make the world better. Oh well lol
Well, that’s enough to buy your own Supreme Court Justice!
Honestly, this is how all billionaires should be taxed. Her life will not be meaningfully impacted by ONLY getting $492M….
Seems like more than billionaires normally get taxed somehow.
In my country the organisation behind the lottery pays the tax. So if they announce a prize of 1 million, you get 1 million paid out.
Funny. They can tax THAT billionaire but not the real ones.