The Game Show Forum
The Game Show Forum => The Big Board => Topic started by: opimus on October 27, 2008, 09:41:07 PM
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How does sony pay you if you win the million? How many years? 100k a year for a decade?
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[quote name=\'weaklink75\' post=\'199632\' date=\'Oct 14 2008, 10:05 PM\']I watched the credits, and they had a disclaimer that said they can take the prize in one of two ways- the full million as a 20-year annuity, or a one-time payment of $660,000 (the present value of the annuity)- still, even if you took the one-time payment and paid off your Uncle Sam, it's still over a little over $300,000- a nice chunk of change [/quote]
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[quote name=\'chad1m\' post=\'200558\' date=\'Oct 27 2008, 09:50 PM\']
[quote name=\'weaklink75\' post=\'199632\' date=\'Oct 14 2008, 10:05 PM\']I watched the credits, and they had a disclaimer that said they can take the prize in one of two ways- the full million as a 20-year annuity, or a one-time payment of $660,000 (the present value of the annuity)- still, even if you took the one-time payment and paid off your Uncle Sam, it's still over a little over $300,000- a nice chunk of change [/quote]
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What do you mean paying Uncle Sam(Taxes)?
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[quote name=\'abba\' post=\'200567\' date=\'Oct 27 2008, 10:39 PM\']
[quote name=\'chad1m\' post=\'200558\' date=\'Oct 27 2008, 09:50 PM\']
[quote name=\'weaklink75\' post=\'199632\' date=\'Oct 14 2008, 10:05 PM\']I watched the credits, and they had a disclaimer that said they can take the prize in one of two ways- the full million as a 20-year annuity, or a one-time payment of $660,000 (the present value of the annuity)- still, even if you took the one-time payment and paid off your Uncle Sam, it's still over a little over $300,000- a nice chunk of change [/quote]
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What do you mean paying Uncle Sam(Taxes)?
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Yes.