PowerBall: 5-14-2025
|-- Cash Option is split among three individuals. If
Annuity Value ......... $ 106,000,000 | there is more than one winning ticket, then the
Cash Option (give/take) $ 48,150,000 ««--| three persons would each receive smaller amounts.
# of Gross Cash | After Taxes # of Gross Cash | After Taxes
Winning Option per | (approx) Winning Option per | (approx)
Tickets person | .6024 in 2025 Tickets person | .6024 in 2025
One ..... $ 16,050,000 | $ 9,668,520 Three ... $ 5,350,000 | $ 3,222,840
Two ..... $ 8,025,000 | $ 4,834,260
Power-BALL: Example breakdown of one individual's after-taxes share
One Tix Two Tix Three Tix
$ 9,668,520 $ 4,834,260 $ 3,222,840 - A = After taxes
- 728,520 - 474,260 - 322,840 - B = For immediate use
- 4,740,000 - 1,930,000 - 1,280,000 - C = For savings, trusts
------------- ------------- ------------- or emergency use
$ 4,200,000 $ 2,430,000 $ 1,620,000 - D = For cash flow account at
$ 14,000 $ 8,100 $ 5,400 - E = $ ??? a month x 300 months
Power-BALL: The Basic Plan (one individual)
Each month the Cash Flow Account will hand out the monthly sum, which is
to be distributed among different individual bank accounts, as follows ....
Monthly Account Amount to Monthly Account Amount to
Sum #'s Each Acct Sum #'s Each Acct
$ 5,400 # 1 $ 5,400 $ 14,000 # 1-2 $ 4,000
...... ....... # 3-4-5 $ 2,000
$ 8,100 # 1 $ 3,240
# 2-3-4 $ 1,620
Basic Plan continues until all accounts are exhausted, or until the subject
passes on and wills the accounts to other persons and/or to charity.
|
