Quote:
Originally Posted by Talisman
The lure of the million dollar payout had so many of them jumping in to buy a winning ticket without truly understanding the payout structure and the mob's cut. If it was a lump sum, they'd at least have some money to potentially payoff their house or buy a few nice things. The $50k per year for 20 years made for a slow trickle after everyone took their piece of the pie.
With the mob Jerry taking half pre-tax and them having to pay taxes on the full amount, they were basically coming out with around $10k a year. After paying in $50k for the opportunity to get in on the scam, it was going to take five years before they broke even. Not exactly the windfall it seemed.
|
Even worse than 10k...After Gloria paid the mob upfront by mortgaging her home and her house payment went up by $700 a month ($8600 for the year), and then only getting 10k? She made $1600 a year. Plus having the mob up her ass all the time?? Terrible