Quote:
Originally posted by tootie
In all fairness, the feds didn't take 70%. He chose the cash option instead of payments, which took a huge chunk of the million right there. Of course, taxes ate their fair share, for sure.
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Yeah, I was gonna say the same thing. When you win a large lottery prize, they give you the option of taking the entire prize in yearly payments (for example, $50K a year for 20 years) or a lesser, lump sum cash prize.