Lottery winnings: Should you take lump sum or annuities?
Lottery winnings: Should you take lump sum or annuities?
50% CASH OPTION: ONE LUMP SUM PAYMENT PRIZE, Annual Payment Before Taxes, Annual Payment After Federal Income Tax Withholding* $1,000,000, $500,000, 380,000
Tier 1 winning bets on the US Powerball and US MegaMillions are paid out as 30 year annuity or discounted lump sum at Lottoland's election, and Tiers 1 lump sum of $ million A 24% federal tax withholding would reduce the lump-sum jackpot to $ million, and a federal marginal tax
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