33 folks split 117 million

David McGough · 10-12-2004, 08:38 PM

33 folks in a local buisness won the 217 Million.
Id say there will be some openings. 117 after taxes
3.5 mill a person
http://www.cnn.com/2004/US/10/12/pow....ap/index.html

Christ Reynolds · 10-12-2004, 09:02 PM

wow, just think of all the lottery tickets you could buy with that money.

CJ

Raymond_H · 10-12-2004, 10:20 PM

Quote:

Smith said the winners made up roughly three-fourthsof the work force at Sussex Printing, which publishes a local advertising shopper called The Guide.

Sucks to be the 1/4 that didn't go in the pool.

Ray

David McGough · 10-12-2004, 10:58 PM

That would be hard to live with, the rest of your poor days.

Francois Caron · 10-13-2004, 11:23 AM

Aren't the payments spread out over a 25 year lifespan?

217/33/25 = $263,030.30 per year.

Even after taxes, that's still pretty decent! No need to work anymore, and you can still have a very comfortable lifestyle.

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Holadem · 10-13-2004, 11:33 AM

Quote:

Sucks to be the 1/4 that didn't go in the pool.

Sucks to be the owner of a business where 3/4 of the work force quit overnight.

--
H

Zen Butler · 10-13-2004, 11:35 AM

What in tarnations is a "folk?"

Jon_Gregory · 10-13-2004, 01:05 PM

Zen, that is what us southern folk call a person.

For instance:

33 people
33 folks

Same meanings

Jim J · 10-13-2004, 01:14 PM

sounds like they took the cash option 117 cash instead of 217 worth of payments for 30 (40?) years.

I don't know if you can quit with 2.5Mill in the bank. guess it would depend on the lifestyle you are used to. at least my wife would quit tho...

Malcolm R · 10-13-2004, 01:31 PM

If invested properly, I doubt any of them would ever have to worry about working to support themselves again. Just some "busy work" to stave off boredom. I've always thought that even if I won a big lottery, I'd still have to do something, whether that was working for someone else or owning my own business of some sort.

Then again, $2.2 million is $50,000/year for 44 years even if you just live off the principal. I'd imagine most of them weren't making $50K at the print shop so they could probably maintain their current "lifestyle" for even longer.

Quote:

Sucks to be the 1/4 that didn't go in the pool.