LogFAQs > #976343591

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, Database 12 ( 11.2023-? ), Clear
Topic List
Page List: 1
TopicFinancial planners upset as Powerball winner buys $73 million LA mansion
DerWillZurMacht
09/27/23 7:10:52 PM
#163:


KitKats posted...
Right now, the annuitized powerball is $850 million. If you take the lump sum, it is less than half of that at $397.4 million. You then have to pay close to 40% of that for federal income tax. Some states also have state tax on lottery winnings, but California does not.
Wait, the more than 50% tac on the amount doesn't cover federal income tax? You have to pay 40% on the take-home? Fuck that. I'd take the lump sum then flee the country and not pay one red cent in tax. Well, I would have left anyway. No way in hell am I retiring in the United States of Kekistan.
... Copied to Clipboard!
Topic List
Page List: 1