About Mega Millions|Find the anwers, about your Mega Millions questions.
Nov
17
Mizzle asked:
I want to know 2 things:
I want to know 2 things:
1. If I Choose Lump Sum how much money will I get right away?
2. If I choose Annual Payments how much money would I end up with after 20 years?
Peter
Comments
devon q on 17 November, 2008 at 3:33 am #
either way you probably gonna end up with a little more than half with all the crap you have to give away because taxes and stuff
GINGERLYN T on 18 November, 2008 at 11:04 pm #
I dont know! Why did you win????
mccoyblues on 19 November, 2008 at 5:33 pm #
Roughly 40% of the total advertised jackpot. Either way you decide to take it will give the same results. The difference is tax it now or tax it later, but it all gets taxed eventually.
nas8caror300 on 22 November, 2008 at 12:58 am #
the lump sum of that would be around 110 million then you would lose 30% of that to taxes…
and if you chose to take that over the 20 years you would get about 14 million after taxes
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