Recruiting Forum Football Talk VI

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I'm not sure what the jackpot was but I'm guessing close to 2 billion. Let's just say 1.4 billion. 50% tax woukd get you 700 mill. So how is 38% equal to getting 600 mill? I'm asking because I have no clue about this
Because they cut the lump sum pay out down from $1.5b to about $750-$800m, then deduct taxes from that.
 
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The lump sum payment is about half. Then you would have to pay taxes. So if the lottery was $1.5bil. The lump sum payment would be around $750mil. Then you’d had to pay 24% in federal taxes and any state taxes as well if applicable. Lottery is a scam. It’s the government taking money from the people.

It’s a scam but man would it be life changing. I’d try my hardest to remain anonymous.
 
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