What would you guys do with the money?
After taxes, what would you get?
Like $800 Million?
Imaging being able to scatter $100 Million out to friends and family, and STIL have $700 million left!
The billion dollars is over 20 years, so if you want it now it's discounted back to it's present value. Let's say 600 million for the sake of conversation.
You pay taxes on 600 million, approximately 234 million to the federal government. You can reduce this number, but not significantly.
Then you pay state income taxes, unless you live in one of the few no tax states. Believe it or not, CA with a max tax rate of 10%, does not tax lottery winnings. Let's assume state income tax is 5%, or 30 million
That leaves you with 336 million dollars in the lump sum settlement. Still enough to make all your dreams come true