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Death and taxes rule
(slrpnk.net)
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this post was submitted on 08 Mar 2025
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it was a $2.04b jackpot. would have paid out that much as an annuity over like 25 years or something. taxes would have been withheld from those payments.
the 'lump sum' option was $997.6m, which is what the winner opted for. after taxes the amount received was actually $628.5m.
https://www.yahoo.com/news/2-04-billion-powerball-winner-200153929.html
whoever pulled the $424m out of their backside took another dose of taxes out of the payment that already had taxes deducted.
They did that to make it sound worse than it is.
Wait a minute... Are you suggesting someone on the internet lied for attention?! I don't believe it!
I know, It's getting so that you just can't trust unsourced images of alleged tweets talking about political topics on social media anymore.
smh my head
Edit: disregard, California doesn't tax lottery winnings on the State level