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Originally Posted by Trax
"The prize will be paid out in $50,000 installments over 20 years"
everybody who knows a bit about the present / future value of money knows she is being ripped off heavily
she should sue the state unless those terms where stated on the ticket she bought
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Consider the tax hit on a $1M lump sum pmt,
She pays 25% on $50,000 / yr or 35% on $1M (Federal only.. plus state)
Inflatation is what 10% per year everything doubles in a decade
So you're still right, it is a fuckover
I don't know if you can sell a lottery "annuity"