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If I was a millionaire?

jayhawkmickey

Well-Known Member
Original Poster
By my quick math, a 350 million dollar lump sum after tax payout would require an unshared Powerball jackpot of just over a Billion dollars.

The current jackpot amount is $400,000,000. The lump sum payout would be $223,600. From that, taxes of about $88,545,600 would come out leaving $135,054,400.
Very true, but if I was careful, very careful, I could probably get by on that.;)
 

jayhawkmickey

Well-Known Member
Original Poster
The obvious answer to your question is that people aren't really talking about a few million dollars.

The OP was premised on winning the lottery. One assumes that he's referring to the current big lottery, Poweball, which has a current jackpot of $400 million dollars. With a jackpot like that, a person could buy a big house in Golden Oak plus one 'back home', invest the rest and still be able to live on a mere five or six million dollars per year literally forever.
Or even less, I have a pretty low upkeep level. Pay to keep the houses in great shape and a few trips is all I really need. Judging by how happy I am now, making what I do, I feel its safe to say I wouldnt run out of money anytime soon.
 

Tater tot

Well-Known Member
Or even less, I have a pretty low upkeep level. Pay to keep the houses in great shape and a few trips is all I really need. Judging by how happy I am now, making what I do, I feel its safe to say I wouldnt run out of money anytime soon.

LOVE your screen name. I graduated from KU in 1993. My folks still live in Topeka and they sent me a cool t-shirt last month they found in Cracker Barrel. It's says University of Kansas and has a picture of Mickey running with a football.
 

jayhawkmickey

Well-Known Member
Original Poster
LOVE your screen name. I graduated from KU in 1993. My folks still live in Topeka and they sent me a cool t-shirt last month they found in Cracker Barrel. It's says University of Kansas and has a picture of Mickey running with a football.
Rock Chalk Jayhawk! My wife's parents live Topeka and mom in law has the same shirt. Very cool.
 

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