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Originally Posted by M_Six
So at what point is the winner guaranteed a billion after taxes? I could do the math, but I burned out my calculator on the Starbucks problem.  |
Probably a little less than double where it is now. I saw on CNN that the $1.5B works out to around $900M lump sum. $900M less 40% tax = $540M. Less if winner is in a state with state income taxes. So winner probably ends up with ballpark of +/- 1/3 of "headline" prize after lump sum discount and taxes. I think.