535

jackpot (programming.dev)

submitted 2 years ago by sizeoftheuniverse@programming.dev to c/memes@lemmy.ml

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[-] ivanafterall@kbin.social 2 points 2 years ago

But you didn't need to do back-of-napkin math, at all. He got $433.7 million.

[-] Got_Bent@lemmy.world 16 points 2 years ago

My point was that the IRS didn't take the eight hundred million stated, but probably closer to two hundred million.

But we all love to get angry about anything and everything, especially when we think we've scored Internet gotcha points, so enjoy.

[-] TheChurn@kbin.social 16 points 2 years ago

The 433.7 million is after paying taxes on the lump sum.

Nominal Jackpot: 1.2B
Lump sum: ~600 M
Taxes on lump sum: ~167M
Post-tax winnings: 433.7M

this post was submitted on 29 Jul 2023

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