comfortably numb
Footballguy
Powerball rule:If you match 5 numbers without the powerball number, your prize is 1M
So the drawing is live, you have hit your 1st 5 numbers and chet is standing next to you (along with Joe Pesci for some reason) with a brief case packed with 1.5M tax free dollars.
He offers to buy your ticket before the winning powerball number is announced.
(There are 26 powerball numbers)
Do you sell him your ticket?
If you sell the ticket you get a clean 1.5M tax free dollars.
If you do not sell the ticket, obviously you can win the trillion dollars but if you don't match the powerball number;
You will get a prize of 1M which you will pay taxes on.
If you take the lump sum prize you get $620K and then that is taxed at 39% and you walk away with roughly 375K
If you take the annuity you are looking at 33K/year which is then taxed you end up with 20K/year for 29 years (as per rules)
If you vote to NOT sell the ticket for 1.5M tax free dollars....how much would it take from chet for you to part with that ticket?
So the drawing is live, you have hit your 1st 5 numbers and chet is standing next to you (along with Joe Pesci for some reason) with a brief case packed with 1.5M tax free dollars.
He offers to buy your ticket before the winning powerball number is announced.
(There are 26 powerball numbers)
Do you sell him your ticket?
If you sell the ticket you get a clean 1.5M tax free dollars.
If you do not sell the ticket, obviously you can win the trillion dollars but if you don't match the powerball number;
You will get a prize of 1M which you will pay taxes on.
If you take the lump sum prize you get $620K and then that is taxed at 39% and you walk away with roughly 375K
If you take the annuity you are looking at 33K/year which is then taxed you end up with 20K/year for 29 years (as per rules)
If you vote to NOT sell the ticket for 1.5M tax free dollars....how much would it take from chet for you to part with that ticket?
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