The advertised winnings vs cash value is a little deceiving but the the cash value is the actual amount of the winnings either way ( 1.5 bill advertised = 930 mil actual) If you take the annuity they simply "invest" the 930 mil for you and pay you annually for 29 years, its 30 payments but you get the 1st one now.
The annuity is your money or just like any other asset you own, nobody can take it from you and it can not disappear , even when you die. The money is unconditionally yours and guaranteed to you in every way. If you die it would go to your estate, trust or whoever is in your will etc.
The figures below are approximate based on the estimated "1.5 billion" and taxes. Different states have different tax rates, so actual money you pay in taxes will vary.
Lump sum payment = $930 million ( cash value )
lump sum after taxes = 650 million (depending on state tax rates, I think NY is the highest, might be around 600 million or a little less)
30 year payout value = 1.5 billion
30 year payout value after taxes = 1 billion
So, as you can see if you take the lump sum (cash value) you will net around 650 million, If you take the payout you net around 1 billion.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
