Mega Millions @ $330M... take the annual payout or the cash option?
(not asking if it's worth playing or if it's a voluntary tax on stupidity)
if you won the advertised jackpot of $331 million...
would you take
Annual payout of $12,730,769 for 26 years
OR
$194,242,000 cash option???
and for shits and giggles, what would you do with your prize money???
Take the cash option. One the value of that money is going down over the 26 years. In 26 years that 12 million will be worth about $5. Two who the hell knows what the taxes will be.
Take 10-15% put it into precious metals. Buy yourself your dream house(s). Invest, run for office, give to charities.
I invited me! What are you gonna do about it?
"Vote for me, I'll be less greedy than the other guy!"
Lump sum. Then buy the city of Detroit and turn it into Andrew Ryan's "Rapture."
Take the cash, buy a house over a bunker, stock it with the best food and supplies. Buy guns, ammo, gold, silver and get a nice stack of other currencies. Have a nice nest for 100% peace of mind. Buy some other houses around the world, a small plane, and do everything else I've wanted to do.
Last edited by BFranklin; 01-03-2011 at 06:42 PM.
Originally Posted by sluggo
yes!!!!YESSSSSS!!!!
Total win. Best idea in the thread.
"The bird or the cage?"-The Lutece Twins
"A man chooses. A slave obeys."-Andrew Ryan
"There are three things the parasite hates: free markets, free will, and free men."-Andrew Ryan
"That every man may act... be accountable for his own sins in the day of judgment. And for this purpose have I established the Constitution of this land, by the hands of wise men whom I raised up unto this very purpose"- Jesus Christ, Doctrine and Covenants 101:78-80
Definitely lump sum, because most lottery annual payouts don't pass to your heirs if you die.
I'd pay my house off, get a gardener and a pool boy, and travel.
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I blog at Red State Eclectic, I totally tweet here, I sell stuff here, and also here. Liberty rocks!
194M cash? Yeah, I'll take that.
"Like an army falling, one by one by one" - Linkin Park
mega millions and power ball pass to heirs.
This pool boy position, does it require me to apply sun tan lotion?
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