it was a $2.04b jackpot. would have paid out that much as an annuity over like 25 years or something. taxes would have been withheld from those payments.
the ‘lump sum’ option was $997.6m, which is what the winner opted for. after taxes the amount received was actually $628.5m.
it was a $2.04b jackpot. would have paid out that much as an annuity over like 25 years or something. taxes would have been withheld from those payments.
the ‘lump sum’ option was $997.6m, which is what the winner opted for. after taxes the amount received was actually $628.5m.
https://www.yahoo.com/news/2-04-billion-powerball-winner-200153929.html
whoever pulled the $424m out of their backside took another dose of taxes out of the payment that already had taxes deducted.
Edit: disregard, California doesn’t tax lottery winnings on the State level
They did that to make it sound worse than it is.
Wait a minute… Are you suggesting someone on the internet lied for attention?! I don’t believe it!
I know, It’s getting so that you just can’t trust unsourced images of alleged tweets talking about political topics on social media anymore.
smh my head