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I'm kind of surprised the USA taxes lottery winnings and I live in one of the heaviestly taxed countries. We don't tax lottery winning or other winnings from games of chance. Only winnings from games where some skill is involved (like poker I believe) is taxed.
They say the taxes generated are used strictly for education but they just cut the amount the lottery tax generates out of the budget and using it on tax breaks for the wealthy and still continue to pay teachers dog shit. This country is truly depraved in every way.
Note that most of that difference is due to picking the lump sum, not due to taxes.
If the winner picks the lump sum, that $2.04 billion drops to $997.6 million.
Also I'm not sure where the $424M number is from. The federal tax rate is 37% (bringing the sum down to $628M) and California (where the winner is) doesn't tax these winnings.
I can tell you what I would do with $424m, disappear. I'd still do good with most of it but I'm going to leave human society and go join a herd of elephants.
idk what's worse. the punchline of this joke, with pre-existing elites not being taxed, or the fact that someone could look at recieving 420 million, and find an excuse to get mad about it