[MercyFlush]

It’s not really $1 BILLION but instead is more like $350 million after everything is done.

[monkeyshine]

I don’t know if it’s still true or true in such a huge number, but in California the lotto winnings are (or were) exempt from state taxes. Which is a whopping 13.9%+ So, if a Californian wins, they just pay the Federal top rate.

Of course, I’d take the lump sum vs the 30 year installment so it’s probably more like $450 million. $600 million lump sum less apx 24% federal tax.

[A Formerly Proud Canadian]

Ah well, just not enough for me to ‘invest’ in. </sarc>

[HartleyMBaldwin]

“It’s not really $1 BILLION but instead is more like $350 million after everything is done.”

Well, the hell with it then. Not worth the trouble for a lousy $350 million.

[Pocketdoor]

You you have/own a charity, just donate all the money to it and bam! No taxes. Just like Gates, and all the Politian’s