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To: DainBramage
Take home only 80 million. Why does the government get morn than him?

The way it works is that he had a choice: take the $232 million spread over 20 years or take a one time lump sum payout of $118 million. After the taxes, that's $88 million. It's still the smart play, which is why almost every big lottery winner does it that way.

21 posted on 06/05/2009 2:05:42 PM PDT by Bubba Ho-Tep ("More weight!"--Giles Corey)
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To: Bubba Ho-Tep

It’s the smart play if he uses it to buy Gold Bullion, ammunition and canned goods.


24 posted on 06/05/2009 2:08:26 PM PDT by shibumi (" ..... then we will fight in the shade.")
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To: Bubba Ho-Tep

Yes, and all lottery tickets are bought with AFTER-TAX dollars. Uncle Sam and Governor Ripoff have taken their share from your paycheck, and then you buy the lottery ticket.

Then you win, and SHAM-WOW!!

There’s Uncle Sam and Governor Ripoff taking their share AGAIN.

The government is your silent partner in all transactions.

And it still isn’t enough.


30 posted on 06/05/2009 2:11:13 PM PDT by exit82 (The Obama Cabinet: There was more brainpower on Gilligan's Island.)
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