Anonymous
(ID: fVUg4RPq)
8/28/2025, 8:57:47 AM
No.514194734
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Genius tax
>Powerball jackpot advertised at 950 Million
>Going to rise to 975 Million on Friday, and a Billion by Saturday
>These jackpot numbers are made up by accountants based on and estimated total amount of 30 annual graduated payments, not factoring in taxes and inflation
>Extrapolating fromt he current stats, the cash value of the one time payment option for a billion dollar jackpot would be only 451 million dolalrs
>At the maximum tax rate of 37%, that leaves a single winner of a "One Billion dollars" lottery jackpot with only 284 Million dollars actual prize money.
>Going to rise to 975 Million on Friday, and a Billion by Saturday
>These jackpot numbers are made up by accountants based on and estimated total amount of 30 annual graduated payments, not factoring in taxes and inflation
>Extrapolating fromt he current stats, the cash value of the one time payment option for a billion dollar jackpot would be only 451 million dolalrs
>At the maximum tax rate of 37%, that leaves a single winner of a "One Billion dollars" lottery jackpot with only 284 Million dollars actual prize money.