Its up to 540 million now...Might hit 600 million by Friday...
To be smart, you have to basically take the lump sum on a jackpot this big. Top tax bracket is around 39% right now. Regardless if you take lump sum or Annuity, there's no getting around the top tax bracket here. The reason you take the lump sum is because that 39% is probably the lowest its ever going to be in America. And the future could easily go to 45 to 50% or higher. There's just too much money that could be lost in taxes on an uncertain future...And that's only federal taxes. In states where the lottery is taxed, which is most, you can throw another 5 to 10% in taxes. And we all know that those taxes are never going down again.
Then its gonna cost you about another 3% yearly to have some people take control of your money...And lets not forget kidnapping insurance etc. If one person hits this Jackpot, they sky rocket up the list of people who will be fucked with. A lot of jealous mother fuckers that patrol the planet. Your life is immediately in jeopardy. A jackpot this big sounds awesome. But for most of us, it will be one big stress filled adventure. Bring it on though
