ST Alpha - "So that means each 10 bucks is worth about 7M cash? I think thats right -- nm" (Reading a Post)

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In response to "she had posted 65 of us with 510 tickets IIRC -- nm" by JenBro

So that means each 10 bucks is worth about 7M cash? I think thats right -- nm

Posted by Capstern Mar 29 '12, 13:21

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Responses:

Roughly $590k per ticket. - Will Hunting Mar 29, 13:36 1
- anywhere from 0 to 10%...so if it's the worst taxes imiginable, you're still talking $530k per dollar in the pool. -- nm - Will Hunting Mar 29, 13:39
[deleted] 1
- Thanks Jack. Yeah I missed what federal is...and TX has no state income tax. If you win here they only take 25% when they pay you -- nm - Capstern Mar 29, 13:34
no. Each dollar is worth a little north of 400K. $10 would be $4M -- nm - decline Mar 29, 13:23 1
- not counting taxes - Capstern Mar 29, 13:26
closer to half a million a share, I think, once you account for taxes and the lump sum option. -- nm - znufrii Mar 29, 13:23 11
- "I Won The Biggest Lottery Jackpot In History And All I Got Was This Lousy 4BR Split Level." -- nm - TFox Mar 29, 13:24 10
  - no mortgage payment changes my life dramatically. Just sayin'. -- nm - Reagen Mar 29, 13:25 9
    - right, it might seem small out of a giant jackpot, if i got a house out of this i'm thrilled. - The Unsinkable Andie Brown Mar 29, 13:31 1
      - heh. i literally think i would still rent. -- nm - TFox Mar 29, 13:32
    - sheeeeit, if i got enough to pay off both our student loans, I'd be ~ dancin' on the ceiling ~. -- nm - TFox Mar 29, 13:27 2
      - right? 25k would be like I just had sex with Megan Fox. - groiny Mar 29, 13:28 1
        
        I think she'd charge more for the IM -- nm - zeitgeist Mar 29, 13:32
    - I agree - just being debt free would be stupid nice -- nm - Capstern Mar 29, 13:27 2
      - get married more. nm -- nm - groiny Mar 29, 13:27 1
        
        pre-nup -- nm - Capstern Mar 29, 13:30
    - this -- nm - Diva Mar 29, 13:26
it is about 400k per share IIRC. nm -- nm - groiny Mar 29, 13:22 2
- hmm my math sucks...maybe - Capstern Mar 29, 13:24 1
  - I wasnt calculating taxes...just raw cash value as taxes shold differ for everyone (yaaa Texas) -- nm - Capstern Mar 29, 13:25

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