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#25 Oct 19, 2007
Exactly. Imagine how much less that $15M is going to be worth after 30 years of inflation. A few decent investments can (hopefully) help it grow faster than inflation.
#26 Oct 19, 2007
With inflation numbers not looking so hot and the doller dropping in value, it may make sense to take the lump now. Lets say that an annual payment is about $164,000/yr. Thats pretty good now, but is that $164k per year going to be looking so hot 10 years down the road? Even right now, thats about the same as dual incomes of $80k per year gross pre-tax. Pretty cushy in 97% of the state, but were not talking yacht, ski-lodge, and 4 vacations a year rich here. High tax bracket etc.
It looks as if the man quietly and logically weighed his options, assesed his risk, his own ability to generate other income/skills, most importantly his SELF CONTROL, and he is going to make the most of the windfall.
People who automatically reply "SAY NO TO LUMP-SUM" are probably right for people who have no ability to control their spending or the payout is so insanely high that you couldnt spend the annual payment fast enough before you got another check. As long as he doesnt go on a Escalade and Plasma TV shopping spree or get duped, he will benefit greatly by this windfall. Congratulations new millionaire! Take your wife out for a nice dinner at least!(in Paris)
#27 Oct 19, 2007
It better not be a flat screen tv ?
#28 Oct 19, 2007
I think that Pres. Bush should start an Iraqiball. Make it country wide. All states have to participate. We could finance the war for oil and win. This is what he should do.
Birds Landing, CA
#29 Oct 19, 2007
Oh my God! How greedy can government be?$4.9 mil out if $15,000,000. What a sad state we are in with our tax systems.
If you win $1mil maybe they'll buy you dinner and a movie.
#30 Oct 19, 2007
we already have this: its called paying taxes.
The jackpot is national security; paid out over the next 20 years.
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