4 ms·
First and foremost, it would take more money to buy all the combinations than the payout. Also, while $1.3 Billion sounds like a great big number, when you cons
by jeffmould 11y ago
First and foremost, it would take more money to buy all the combinations than the payout. Also, while $1.3 Billion sounds like a great big number, when you consider the taxes (even with a good tax attorney you are going to pay a substantial tax on that number), and whether you would take that as a lump sum or annuity, other factors come into play.
- toomuchtodo 11y agoHow much in losses can you write off from the losing tickets against your winnings?
- loumf 11y agoAt that level, probably none: http://www.fitz-cpa.com/gambling.aspx#GM7 http://www.fitz-cpa.com/gambling.aspx#GM7 Once you are in AMT territory, you lose the deduction.