Government always gets its cut
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Oh no... what can anyone afford with $628 million????
And let me guess: The IRS already takes VAT or some other form of tax the moment the people just buy a lottery ticket? Here in germany there are no taxes whatsoever on lottery, the ticket itself is tax free and if you win you don't have to pay any taxes, no matter if you win ten
The lottery takes half back if you want the money at once, rather than over 30 years. The rest is taxed. (Must be 30-40%. I can't be bothered to do the math)
he took the one time payout
Oh no, after taxes he only got money worth of 628 lifetime earnings instead of 2040 lifetime earnings
The casino never loses.
Tax the rich!
They could have gotten the $2.04 billion had they taken the 30 payments but they wanted the one time cash payment.
keep in mind all that money accumulated was already taxed from the people who spent it
Literal modern day pirates.