Wednesday, March 07, 2007

Payout Calculator Added (Updated)

"Hey John, if we do win the jackpot, how much would each member get?" I get asked that question a lot and now you have an answer at your fingertips. UPDATE: The Payout Calculator is now a tab at the top of the member fund balance spreadsheet. Click on that link (Member Balances) to the right and look at the top of the spreadsheet and you'll see a tab that says, "Hypothetical Payout Calculator" - click on that tab and you'll get facts and figures for each member group if we did win the jackpot - including what an estimated "take home pay" would be for you based on a 28% tax calculation. Please note this is ESTIMATED only and may not reflect exact dollars you would receive if we won big.

The calculator is now directly linked to the payment spreadsheet so should update itself as those numbers change.

Remember, the calculator bases percentages on how much that member's contribution relates to the WHOLE of money collected then divides it by the number of members in their subgroup ($2 or $5.) That's not the same as saying a five dollar member should get two and a half more times more money as a two dollar member. Any questions? Feel free to ask.

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