Quote:
Originally Posted by Robbie
Just saw one of the guys who won Powerball. He was holding up a check for over 148 MILLION DOLLARS.
Then the news guy said that after taxes he will have 53 million left.
Wow. The govt. is going to take almost 2/3 of the money. Wow.
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I can't be 100% sure of this because it may be different depending on the state and the lottery, but many of those lotteries if you decide to take the lump payout they only give you half of the total and then tax that.
So if you won 200 million and wanted to take the lump one time payout you would only get 100 million before taxes.
That might be what happened here.