The Powerball jackpot has officially set another new world record.The jackpot is now estimated at $1.9 billion, with a cash option of $929.1 million, according to Powerball, ahead of the next drawing Monday.
Hmmm, I'm not sure what I would buy but I would certainly build a new house with a purposefully-built media room stocked with all sorts of AV goodies. Everything (equipment, speakers, acoustic treatments, projector) would be hidden.
I wonder what the after tax take home would be from the cash payment - $400 million? I'd move to Nevada, build a new house with a purpose built home theater - probably a Christie Eclipse. Going to need a private shooting range ( acreage ) and a walk in gun vault for all the machine guns I'd buy too! And the price of wine I buy would be going up!
After Federal taxes your take home pay would be $585,000,000 on the $930,000,000 that you won. Of course there are state taxes, so in NY I would take home $484,098,145.
I would move next store to Tracy!!!!!!