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Reply to "If you won the lottery..."
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[quote=Anonymous][quote=Anonymous]Make sure your fantasies allow for taxes, probably almost 50% in most cases and full payout takes a bite too. Important to account for details while daydreaming:)[/quote] Even worse, if you want a full cash payment and not an annuity, discount the amount by 40%. Add tax of another 40% so you are left with about 36% of the amount you won. I'll need to win a 20 mil lottery (net $7.2 ish mil) for me to retire. [/quote]
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