3 ms·

The current top tax bracket in the US is 39.6% so if you took the 500M all at once (instead of paid out over 40 years) you'd end up with just over 300M after ta

by harryh 13y ago

The current top tax bracket in the US is 39.6% so if you took the 500M all at once (instead of paid out over 40 years) you'd end up with just over 300M after taxes.

spacehome 13y ago
It must be nice living in not-California.
- harryh 13y ago
  Ah yes, I forgot about state taxes. If you're unfortunate enough (in that regard) to live in CA that's another 12.3% knocking your haul down to 240.5M. Could be a little bit less than that in some cities as well I suppose.