You can't mean that! https://www.lotterypost.com/thread/59716 Lottery Post Forum Topic: You can't mean that! en-us Lottery Post RSS Generator Reply #2 https://www.lotterypost.com/thread/59716/70533 https://www.lotterypost.com/thread/59716/70533 Thu, 16 May 2002 19:43:37 GMT CASH Only Somebody JOKINGLY asked me whether I'd rather have $1 million cash or $100 million annuity, and then probably answered their own post by pretending they were me. No lottery could get away with offering a choice of $1 million lump sum or $100 million in annual payments. Not even Ohio.

]]> CASH Only Reply #1 https://www.lotterypost.com/thread/59716/70532 https://www.lotterypost.com/thread/59716/70532 Thu, 16 May 2002 17:53:34 GMT Gamma Ray The Rock is smart enought to receive whichever have a bigger value!Anyone with a smart enough though as the Rock and I should know, to discount the future annuity, and have the Present Value of the annuity option! Then compare the cash value with PV of annuity, choose the one with greater $ value!Other concern will be future tax rate, and future residence...

]]> Gamma Ray You can't mean that! https://www.lotterypost.com/thread/59716 https://www.lotterypost.com/thread/59716 Thu, 16 May 2002 17:45:21 GMT therock Cash The Rock says that you do not really mean that you will take a lump sum of $1million over an annuity of $100million. With the annuity of $100million depending on what state you live in and their tax rates you will get about $2 to $3million after taxes compared to $1million lump which will be about lets say $600,000 to $700,000 after the appropriate taxes are taken out. Cash The Rock says lets be sensible here, you know The Rock does not like annuities either but he aint know DARN fool eithe... [ More ]

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