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To: Justaham

Just what the hell kind of country is it where a guy wins 232 million and after taxes it’s down to 88 million?

I mean I know it’s won money and I know lump sums are less than if it’s over installments, but this is nuts.


47 posted on 06/05/2009 6:23:56 PM PDT by Secret Agent Man (I'd like to tell you, but then I'd have to kill you.)
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To: Secret Agent Man
As Einstein once remarked, mankind's greatest invention is compound interest.

What you see here is compound interest in reverse (effectively), discounting the 20- or 30-year payout to present value.

The taxes are a different story.

52 posted on 06/06/2009 7:35:02 AM PDT by SAJ
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