He got a lousy $425 out of $1,000,000 win? 57.5% taxes Ban Gov. gambling
not quite that bad (yet)...the 425,000 is the cost of an annuity that would pay the prize over 10 years....he could have opted for 100,000, before taxes,per year, over a 10 year period. If he invests wisely, he is much better off this way.
44 posted on 01/07/2013 3:31:43 PM PST by terycarl
