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To: SMGFan
A 20-year-old Florida man claimed the $451 million Mega Millions jackpot on Friday, choosing to get $282 million at once instead of more in annual installments.

That would be my choice also.

2 posted on 01/12/2018 2:46:31 PM PST by gunsequalfreedom
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To: gunsequalfreedom

Yup.


3 posted on 01/12/2018 2:47:14 PM PST by Secret Agent Man ( Gone Galt; Not averse to Going Bronson.)
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To: gunsequalfreedom

You’d have to do financial analysis before deciding. You might be better off taking the payments (as long as they don’t end when you die). Also, is the entity making the payments sufficiently solvent to pay you reliably over the years?

With payments, you’d be less likely to blow it on women, booze, houses, and cars.


5 posted on 01/12/2018 2:49:52 PM PST by ProtectOurFreedom
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To: gunsequalfreedom

No FL State Tax and 37% Federal Tax.

He still nets about $170 Million.

Not too shabby.


26 posted on 01/12/2018 8:09:39 PM PST by Kickass Conservative (Tweet softly, but carry a big stick.)
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