Mega Millions
Alice Lockwood asked:


assuming it’s a lump sum and my tax bracket is 33%

Tracy
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Comments

shlomogon on 11 May, 2009 at 3:30 pm #

It depends on whether you opt for lump sum or annuity payment.

The lump sum, meaning you take the money up front, might be as much as 35 million dollars. It depends on interest rates, taxes, and miscellaneous charges.

If you take the annuity, paid over 30 years, you might earn a little more than 35 million if interest rates are good.

Final answer: it depends. You might want to hire a tax attorney and a financial planner immediately if you win any large amount of money. Good luck.


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