sizeoftheuniverse@programming.dev to Memes@lemmy.ml · 11 months agojackpotprogramming.devimagemessage-square41fedilinkarrow-up1544arrow-down149
arrow-up1495arrow-down1imagejackpotprogramming.devsizeoftheuniverse@programming.dev to Memes@lemmy.ml · 11 months agomessage-square41fedilink
minus-squareivanafterall@kbin.sociallinkfedilinkarrow-up3arrow-down5·11 months agoBut you didn’t need to do back-of-napkin math, at all. He got $433.7 million.
minus-squareTheChurn@kbin.sociallinkfedilinkarrow-up18arrow-down1·11 months agoThe 433.7 million is after paying taxes on the lump sum. Nominal Jackpot: 1.2B Lump sum: ~600 M Taxes on lump sum: ~167M Post-tax winnings: 433.7M
minus-squareGot_Bent@lemmy.worldlinkfedilinkarrow-up16arrow-down1·11 months agoMy point was that the IRS didn’t take the eight hundred million stated, but probably closer to two hundred million. But we all love to get angry about anything and everything, especially when we think we’ve scored Internet gotcha points, so enjoy.
But you didn’t need to do back-of-napkin math, at all. He got $433.7 million.
The 433.7 million is after paying taxes on the lump sum.
Nominal Jackpot: 1.2B
Lump sum: ~600 M
Taxes on lump sum: ~167M
Post-tax winnings: 433.7M
My point was that the IRS didn’t take the eight hundred million stated, but probably closer to two hundred million.
But we all love to get angry about anything and everything, especially when we think we’ve scored Internet gotcha points, so enjoy.