Cash Option ($65.6 Million) |
Gross Cash Payment |
37% Federal Withholding |
No State Withholding |
Lump-Sum Net Payment |
$65,600,000.00 |
-$24,232,330.00 |
-$0.00 |
$41,367,670.00 |
Annuity ($146 Million in 30 Annual Payments) |
Year |
Annual Gross Payment |
37% Federal Withholding |
No State Withholding |
Annual Net Payment |
1 |
$2,197,446.00 |
-$773,385.00 |
-$0.00 |
$1,424,061.00 |
2 |
$2,307,384.00 |
-$814,062.00 |
-$0.00 |
$1,493,322.00 |
3 |
$2,422,724.00 |
-$856,738.00 |
-$0.00 |
$1,565,986.00 |
4 |
$2,543,904.00 |
-$901,575.00 |
-$0.00 |
$1,642,329.00 |
5 |
$2,671,070.00 |
-$948,626.00 |
-$0.00 |
$1,722,444.00 |
6 |
$2,804,660.00 |
-$998,055.00 |
-$0.00 |
$1,806,605.00 |
7 |
$2,944,820.00 |
-$1,049,914.00 |
-$0.00 |
$1,894,906.00 |
8 |
$3,092,134.00 |
-$1,104,420.00 |
-$0.00 |
$1,987,714.00 |
9 |
$3,246,748.00 |
-$1,161,627.00 |
-$0.00 |
$2,085,121.00 |
10 |
$3,409,100.00 |
-$1,221,697.00 |
-$0.00 |
$2,187,403.00 |
11 |
$3,579,482.00 |
-$1,284,739.00 |
-$0.00 |
$2,294,743.00 |
12 |
$3,758,478.00 |
-$1,350,967.00 |
-$0.00 |
$2,407,511.00 |
13 |
$3,946,380.00 |
-$1,420,491.00 |
-$0.00 |
$2,525,889.00 |
14 |
$4,143,772.00 |
-$1,493,526.00 |
-$0.00 |
$2,650,246.00 |
15 |
$4,350,946.00 |
-$1,570,180.00 |
-$0.00 |
$2,780,766.00 |
16 |
$4,568,486.00 |
-$1,650,670.00 |
-$0.00 |
$2,917,816.00 |
17 |
$4,796,830.00 |
-$1,735,157.00 |
-$0.00 |
$3,061,673.00 |
18 |
$5,036,708.00 |
-$1,823,912.00 |
-$0.00 |
$3,212,796.00 |
19 |
$5,288,558.00 |
-$1,917,097.00 |
-$0.00 |
$3,371,461.00 |
20 |
$5,552,964.00 |
-$2,014,927.00 |
-$0.00 |
$3,538,037.00 |
21 |
$5,830,656.00 |
-$2,117,673.00 |
-$0.00 |
$3,712,983.00 |
22 |
$6,122,218.00 |
-$2,225,551.00 |
-$0.00 |
$3,896,667.00 |
23 |
$6,428,234.00 |
-$2,338,777.00 |
-$0.00 |
$4,089,457.00 |
24 |
$6,749,726.00 |
-$2,457,729.00 |
-$0.00 |
$4,291,997.00 |
25 |
$7,087,132.00 |
-$2,582,569.00 |
-$0.00 |
$4,504,563.00 |
26 |
$7,441,620.00 |
-$2,713,730.00 |
-$0.00 |
$4,727,890.00 |
27 |
$7,813,628.00 |
-$2,851,373.00 |
-$0.00 |
$4,962,255.00 |
28 |
$8,204,324.00 |
-$2,995,930.00 |
-$0.00 |
$5,208,394.00 |
29 |
$8,614,584.00 |
-$3,147,726.00 |
-$0.00 |
$5,466,858.00 |
30 |
$9,045,284.00 |
-$3,307,085.00 |
-$0.00 |
$5,738,199.00 |
|
Total Gross Payment |
Total Federal Withholding |
Total State Withholding |
Total Annual Net Payment |
|
$146,000,000.00 |
-$54,020,000.00 |
-$0.00 |
$91,980,000.00 |
|