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November 28, 2012

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fortboise

I don't give a fig about the lottery; I already won the one that matters: being born. But I do care about mathematics and numbers, and I note that whatever # of GWs are supposedly up for grabs are fewer than advertised. There ought to be a law, eh?

That prize will be sharply reduced by taxes, and by a major accounting sleight of hand if you want a lump sum delivered. It's only a "half billion" (or whatever) if you ignore taxes, and the time value of money for the next umpteen years they'll take to pay out the supposed "face value."

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