Tip for those who win millions in big lotteries: Avoid big purchases

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  • A Guy With A Brain Enid, OK
    Feb. 19, 2014 1:34 p.m.

    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!

  • Ranch Here, UT
    Feb. 19, 2014 6:40 a.m.

    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.

  • azgal Buckeye, AZ
    Feb. 18, 2014 8:05 p.m.

    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.