Article quote: "A single winner (of a $400 million pot) taking the lump sum
payout would end up with about $230 million. Opting for the quick cash grab,
accounting for taxes, would still leave more than $100 million to invest
wisely."So out of $230 million, after Uncle Sam takes his cut,
you get only $100 million?!?!?!That's about a 55% tax rate!Our federal government: greedy to the end and clueless, to boot!
I'd like to win a big lottery, but I'd have to buy a ticket first. I
guess it ain't gonna happen any time soon.
Lousy headline. It's misleading as the headline indicates the story is a
tip for winners about avoiding a large purchase. The article never says why,
but instead ends up being an advertisement suggesting all these large purchases
one could make if you were a jackpot winner.