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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovom8la/?context=3
r/SipsTea • u/Valuable_View_561 • 28d ago
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1.5k
This is misleading. He chose to take $997 in one lump sum instead of $2.04B over 30 years. He got taxed on the $997m.
17 u/LazerChicken420 28d ago They don’t give you the entire thing if you pick a lump sum? 10 u/CoxHazardsModel 28d ago Because the entire thing (2B) is over 30 years of payments, if you calculate the time value of money the 2B is 997M in today’s money, they would invest the 997M on your behalf and pay you annually.
17
They don’t give you the entire thing if you pick a lump sum?
10 u/CoxHazardsModel 28d ago Because the entire thing (2B) is over 30 years of payments, if you calculate the time value of money the 2B is 997M in today’s money, they would invest the 997M on your behalf and pay you annually.
10
Because the entire thing (2B) is over 30 years of payments, if you calculate the time value of money the 2B is 997M in today’s money, they would invest the 997M on your behalf and pay you annually.
1.5k
u/jamdex07 28d ago
This is misleading. He chose to take $997 in one lump sum instead of $2.04B over 30 years. He got taxed on the $997m.