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0 pointsthrway632452y ago0 comments

Not sure why this is downvoted. Yes, in California half will go to taxes and the rest is enough for a downpayment on a shack. Hardly life changing.

0 comments

lazyasciiart2y ago

Pretty damn life changing, actually, for the vast majority of even gasp Californians.

HeyLaughingBoy2y ago

Must be nice to be a billionaire.

I'm a fairly well paid engineer and I would certainly consider a $700k gift to be life-changing.

hotnfresh2y ago

I make good, but not FAANG, money, and $350k after-tax, all at once, would still put me most of a decade ahead, financially, and give me some much better options for dealing with a bunch of stuff. Yeah, life changing.

dataflow2y ago

> would still put me most of a decade ahead, financially

I think that might be the kind of the crux of it. Saving this money to get a decade "ahead" might help your retirement life (assuming things don't collapse before then), but not your current life. Whether that's considered "life-changing" might be in the eye of the beholder.

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hobofan2y ago

It's not a gift, it's a prize, which you are only likely to get if you spend a fulltime effort on it (thus losing out on other income sources). There also is a deadline until end of the year (not sure what happens after that).

So it's more of a (skillful) gambling prize than a gift.

tiagod2y ago

>Hardly life changing. Maybe your life is pretty good already then.

ksherlock2y ago

Not sure why this is downvoted :p I'd guess HN income is multimodal with a peak for broke-ass college students and 3rd world programmers (where it is life changing) and another peak for the gainfully employed (where it isn't).

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