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Started By
Message
re: Arkansas has a new Billionaire
Posted on 12/25/25 at 2:18 pm to Mid Iowa Tiger
Posted on 12/25/25 at 2:18 pm to Mid Iowa Tiger
quote:
Lump sum they’ll be lucky to clear $650MM after taxes.
Right? With luck like that they should probably steer clear of the lottery.
0
Posted on 12/25/25 at 2:25 pm to ell_13
quote:
Estimated After-Tax Amounts (Rough Calculations, Single Filer)
• Lump Sum ($834.9 million gross):
• Immediate withholding: ~24% federal (~$200.4 million) + 3.9% state (~$32.6 million) ? Initial check: ~$601.9 million.
• Additional federal owed at filing: ~13% (~$108.5 million).
• Net take-home: Approximately $493–510 million (about 59–61% of gross, depending on exact deductions/other income).
• Annuity ($1.817 billion gross over 30 years):
• Each payment withheld at 24% federal + 3.9% state upfront.
• Total tax per payment: ~37% federal + 3.9% state = ~40.9%.
• Net annual payments: Start lower (~$22–23 million net in early years) and grow to higher amounts later (due to 5% increases), averaging ~$36–37 million net per year.
• Overall net over 30 years: Roughly $1.07–1.1 billion (higher retention than lump sum due to spreading income over time, potentially lower brackets per year).
Move to Puerto Rico to eliminate the 37% and 3.9% federal and state income tax issue going forward.
Posted on 12/25/25 at 2:28 pm to Crappieman
Take the lump sum no doubt about it.
This country is going to vote itself into communism well before the next thirty years and they’ll do away with those annuity payments.
This country is going to vote itself into communism well before the next thirty years and they’ll do away with those annuity payments.
This post was edited on 12/25/25 at 2:30 pm
Posted on 12/25/25 at 6:51 pm to RichJ
So why didn’t you look that up before?
Posted on 12/25/25 at 7:41 pm to Jack Daniel
quote:
I wonder when it changed? Seems like last time I bought a ticket, was only $1. But, was a while back, obviously…
Probably because of my previous statement above, was no need to look it up. Smartass…
Posted on 12/26/25 at 7:15 am to Mid Iowa Tiger
quote:
Believe I know. The sad part is this person could ladder CDs and live an amazing life for generations without touching the principal. They most likely won’t.
I’m glad you mentioned this.
Such a good small project/hobby to teach teens early. Building 6-12 month cds month over month then start the recycle to show the compounding.
Posted on 12/26/25 at 8:17 am to biglego
quote:
I like when I hear someone say they’ll buy a lotto ticket of the prize reaches X amount.
Or when they pay extra for the multiplier. Like if $1.6 billion isn’t enough.
I know, but what if they win a smaller prize. I just don’t see a reason to pay more for something that will likely not happen anyways. That’s why I only buy a few at a time.
Posted on 12/26/25 at 8:36 am to jizzle6609
quote:
Building 6-12 month cds month over month then start the recycle to show the compounding.
For most teens they should be pretty heavily weighted toward equities and growth. The impact of compounding can still be shown but their investment horizon is long enough they can and should be more aggressive than just CDs. Even in a 529 type education fund until they are within a few years of needing the money they should be pretty heavy in equities.
Posted on 12/26/25 at 8:54 am to jizzle6609
What are the numbers for these 1 billion plus winners
I’d assume they’re pretty good
I don’t think you have a real solid idea how much money $1 billion (or $650 million) is
I’d assume they’re pretty good
I don’t think you have a real solid idea how much money $1 billion (or $650 million) is
This post was edited on 12/26/25 at 8:55 am
Posted on 12/26/25 at 8:58 am to Crappieman
I would disappear so fast. Invest 90% of it and live my life between secluded mountain ranch and lake house. Travel the world in between.
Posted on 12/26/25 at 10:04 am to Lonnie Utah
Posted on 12/26/25 at 10:06 am to Sun God
Ticket was purchased at Murphy USA in Cabot, Ar
I have family in Cabot and Beebe I hope one of them won it
I have family in Cabot and Beebe I hope one of them won it
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