1:54:44if i had 1 mill, i'd be fine in life and retire
1:54:44It's closer to 40% if you take the distributed payout, but you can probably invest the lump better nowadays
1:54:44I would be happy with 1 mill
1:54:45worry about taxes after you win something
1:54:45Government is the ultimate scam
1:54:46Still is money you didn't have
1:54:48"congratulations, we'll take our share now"
1:54:48You didn't win the lottery, the govt did, you just get cut
1:54:50sounds like youre getting scammed by both house and the government
1:54:51oh no, only 30 million dollars...
1:54:54wait i thought this was MY money
1:54:54i think they pay out lottery over a long time if you want the full amount
1:54:54i think its less taxes if you take it in installments
1:54:59 Uncle Sam gotta have his piece
1:55:03The IRS automatically withholds 24% on prizes over $5,000, though progressive federal tax rates reach up to 37% for large jackpots
1:55:05plus taxes after using that money
1:55:05Honestly still worth taking lump sum still
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