![Congratulations to the IRS [537x620 - 186KB]](https://pic8.co/sh/k8uL61.png){kind=link}
this is at least a little retarded. the reason the discrepancy is so large is not from taxes but because the cash out prize is 750 million rather than 1.28 billion.
paying 317 million in taxes is still bullshit but slightly more reasonable.
this is at least a little retarded. the reason the discrepancy is so large is not from taxes but because the cash out prize is 750 million rather than 1.28 billion.
paying 317 million in taxes is still bullshit but slightly more reasonable.
Also not all of it was federal taxes. A lot of it was state taxes
Also not all of it was federal taxes. A lot of it was state taxes
How is a $1.28B jackpot not a $1.28B jackpot?
How is a $1.28B jackpot not a $1.28B jackpot?
when you win the lottery the default prize is awarded via a 30 year annuity, but you get the option take a lower amount of cash instantly.
this is usually considered the wiser option even though it's a lower prize amount because the value of a dollar is higher today than it is tomorrow.
the cash out option for a 1.28 billion (30 year annuity) prize is 747 million.
when you win the lottery the default prize is awarded via a 30 year annuity, but you get the option take a lower amount of cash instantly.
this is usually considered the wiser option even though it's a lower prize amount because the value of a dollar is higher today than it is tomorrow.
the cash out option for a 1.28 billion (30 year annuity) prize is 747 million.
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