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Topic	If you won that huge powerball, any of you would not take the lump sum?
Naysaspace 11/07/22 7:10:14 PM #20:	with that amount of money, it makes no difference as even 1 installment of the annuity is live-changing money. but say you won 1 million. Would you rather the lump sum, taxed at whatever it is, 50%?, or 30 increasing payments of a non-weighted average of ~33k per year? The latter may be more preferable because your effective annual income tax could remain low. and you won't get "millionaire's insanity". <cite>Naysaspace posted [p:969265526] in If you won... [t:80224927]...</cite> <quote>with that amount of money, it makes no difference as even 1 installment of the annuity is live-changing money.but say you won 1 million. Would you rather the lump sum, taxed at whatever it is, 50%?, or 30 increasing payments of a non-weighted average of ~33k per year? The latter may be more preferable because your effective annual income tax could remain low. and you won't get "millionaire's insanity".</quote> ... Copied to Clipboard!
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