Chao did not approve the decision of the lottery winner to refuse $1 million
Founder of the Binance exchange..ce Chanpen Chao did not approve the decision of the lottery winner to refuse $1 million. In this week, a 20-year-old resident of Canada, Brand, won a provincial lottery in Kwebec $1 million (. Judging by everything, Canadian dollars). But instead of taking the prize, she decided to receive $1,000 per week for the rest of her life. Thus, Brand will receive $52,000 annually, and in 30 years she will earn $1.56 million, and if the girl lives to 80 years, she will be paid $3.1 million. The Canadian explained her choice by saying that a steady income relaxes her soul and guarantees that she will always have money, regardless of the life situations she finds herself in.
Chanpen decided to express her opinion on the situation and wrote: She would have gone into plus if she had taken $1 million, bought bitcoins ( or BNB ) with this money, and spent $1,000 weekly for the rest of her life. At the same time, she would have millions left. Let's assume she lives another 100 years. In this case, she would be paid $5 million ( without accounting for inflation). Today BTC costs $90,000, and BNB – $865. Let's see what comes out of this. However, Chanpen did not consider one thing. If Brand had received $1 million, she would not have to pay the government a 50% tax on the increased rate. That is, when exchanging digital assets for $1,000, she would have to give the state $500. And in case of receiving $1,000 weekly, she would be able to sustain herself for about 10%.
