To: V_TWIN
$700 million jackpot but you only come out with half of that?
Boy, can this government get anymore greedy?
15 posted on
12/27/2023 1:47:35 PM PST by
dragnet2
(Diversion and evasion are tools of deceit)
To: dragnet2
I believe but am not 100% sure, that the 30-year annuity choice pays out more in the long run, as the state can grow the pot making interest off the principal and, therefore able to pass on more of the jingle to the winner.
I welcome correction.
The winner should, the key word being should, be able to grow a fortune from the winnings, whether by one lump sum, or annual annuities.
26 posted on
12/27/2023 2:07:32 PM PST by
freepersup
(“Those who conceal crimes are preparing to commit new ones.” ~Vuk Draskovic~)
To: dragnet2
Oh no….its a lot less than half.
In MA, if you are married and take a lump sum you walk away with $190MM.
28 posted on
12/27/2023 2:11:42 PM PST by
Vermont Lt
(Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
To: dragnet2
The lump sum after tax is around 33% of the gross.
38 posted on
12/27/2023 2:30:16 PM PST by
Fledermaus
(It's time to get rid of the Three McStooges; Mitch, Kevin and Ronna! 1 gone, 1 almost dead. )
To: dragnet2
$700 million jackpot but you only come out with half of that?Considerably less than half, after taxes. Even more disappears if you're in a state with state income tax.
68 posted on
12/27/2023 7:11:33 PM PST by
zeugma
(Stop deluding yourself that America is still a free country.)
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