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Author Topic: $1M Question  (Read 2333 times)

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Offline BRB_TheFireball

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$1M Question
« on: February 23, 2008, 11:13:06 AM »
Forgive me if this has been asked before, but is the $1,000,000 that Adam just won paid out in a lump sum or an annuity?
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Offline Off_trak

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Re: $1M Question
« Reply #1 on: February 23, 2008, 11:53:17 AM »
After the government took its cut, he was left with about 45% of his total winnings.... harsh
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Offline Voltron291

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Re: $1M Question
« Reply #2 on: February 23, 2008, 11:54:03 AM »
Quote from: BRB_TheFireball on February 23, 2008, 11:13:06 AM
Forgive me if this has been asked before, but is the $1,000,000 that Adam just won paid out in a lump sum or an annuity?

From what he told me after the show - it's a lump sum.
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Offline mmarlin

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Re: $1M Question
« Reply #3 on: February 23, 2008, 12:03:43 PM »
At least it isn't like Syndie Millionaire, I read somewhere that anything over 250k is paid out in installments, and the million is paid out over 40 years


Geeze, you better be a 30 something or younger to able to live to see the money!

:D


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Offline Ted

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Re: $1M Question
« Reply #4 on: February 23, 2008, 03:57:08 PM »
Quote from: Off_trak on February 23, 2008, 11:53:17 AM
After the government took its cut, he was left with about 45% of his total winnings.... harsh

Hmmm...I think $550,000 is still pretty good.  You can buy a nice one-bedroom house in California for that amount.  :-)
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Offline ClockGameJohn

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Re: $1M Question
« Reply #5 on: February 23, 2008, 07:11:32 PM »
Lump sum.
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Offline aa2507

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Re: $1M Question
« Reply #6 on: February 24, 2008, 12:31:08 AM »
NOPE that called a old fashioned rip-off. Thank You United States Government. For taking a huge sum of CASH from a worthy guy who busted his A off for making it far on a unexpected Million Dollar Spectacular to win at last the million bucks.

I would just say this to u government in the good old words from Jim Rome: BRRRRAAUUUUGGGHHHHH!

If Mexico had their own version of the MDS. Trust me he would get all of that huge sum of cash without interest...
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Offline ClockGameJohn

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Re: $1M Question
« Reply #7 on: February 24, 2008, 01:50:16 AM »
Quote from: aa2507 on February 24, 2008, 12:31:08 AM
NOPE that called a old fashioned rip-off. Thank You United States Government. For taking a huge sum of CASH from a worthy guy who busted his A off for making it far on a unexpected Million Dollar Spectacular to win at last the million bucks.

I'm not trying to degrade anyone here, but winning $1M for guessing the price of a prize (basically, a 1 in 30 shot on an MDS for people with only general pricing knowledge), I wouldn't say he "busted his ass to get $1M."

It takes me about 20 years to do what he did in 20 minutes.
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