Solved 3 Which lottery payout scheme is better? Suppose

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If you take the lump sum payout of a sizable lottery jackpot, you will likely be pushed into the top tax bracket of 37%

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn  Lottery winners have two payout options: a lump sum or an annuity Taking a lump sum means you will receive 40 to 50 percent of the jackpot for immediate use or

bahamas poker tournament For the former, it's currently $ billion, and for the latter, $865 million If you select this payout method, you'll receive a one-time You read that right: The Lump Sum is actually worth more total money than the full jackpot paid in installments, even if you also invest the