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Win the Lottery - Your Retirement Strategy (or maybe not)!Reply
Yep, good point. You'll get something back for lower-tier wins. Also, you gotta love how the (U.S.) income tax system works on this. You pay top marginal rate on all net wins, but can't deduct any net loss, and your (gambling) losses only offset against wins for losses within the same calendar year. If you win the PB or MM Jackpot in a state like California, you will probably be paying ~55% tax (combined State and Federal). Next thing will be The Bern and Pocahontas going after Social Securit
Jul 21, 2022, 5:28 pm - Orange71 - Mathematics Forum