Why Powerball winners shouldn't take their prizes in cash
Why Powerball winners shouldn't take their prizes in cash
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If you choose the annuity, you may be taking a risk Unlike the lump sum, you don't pay your taxes on it all at once If tax rates go down in
It's a problem we'd all like to have: we've won a huge lottery jackpot, now what? Is it better to take the lump sum cash payment or the annuity paid out over 25 Say you win a $10 million prize If you take the lump sum option, the entire sum is subject to income tax that year However, if you choose the annuity option,
karunya bhagyakuri lottery Annuity, Cash Powerball Jackpot for Sat, Jul 13, 2024: $54,000,000 $25,900,000 Gross Prize: 30 average annual payments of $1,800,000 Cash: $25,900,000 The gulf between the cash and annuity options has become larger because inflation has prompted a rise in interest rates, which in turn results
