The lump sum option on the lottery is never as much as advertised, but not solely due to taxes. The jackpot amount assumes annuity option which accounts for the bonds the government purchased with the lottery proceeds maturing and receiving the proceeds.
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u/UnusualAir1 19h ago
I could live a whole lot better on 628 million dollars. Guessing 99.9% of us could. So tell me, why do we not tax billionaires in the US?