|Posted: February 18, 2007, 3:48 pm - IP Logged|
True, bambini. The jackpots are always shown as the annuity amount that is guaranteed after 30 years. Taxes in NC are high (7 or 8%) so I estimated closer to $21M, but initially most lotteries take out anywhere from 25-28% and then the winner is responsible for any additional Federal income tax depending upon deductions.
However, I'd take that "far cry" any day. I will jump up and down for joy if I ever end up taking home 1/10 of $24M. As a single Mom, I am sure she's not complaining.