$25Kyear for life or lump sum? Two lottery winners make a choice
$25Kyear for life or lump sum? Two lottery winners make a choice
Pros: Taxes favor taking the lump sum because rates are so low right now In 25 years, who knows? Financial pros also point out that with a
lump sum payment that is not treated as income under 106 CMR or lottery winnings , or bonuses ; and benefits received under the
lump sum lottery payout calculator With the lump sum, for example, you'll see a large chunk of it withheld for taxes Every state is required to withhold 25% in a federal lottery
lump sum lottery Given the significant size of this lottery prize, Kehoe said to Business Insider in an email, the recipient will be in the maximum income tax
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