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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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No, the top tax rate is 37%.
With lottery prizes, the full amount is usually only available as annuity payments over 20-30 years. If you pick a lump sum, it’s typically only 40% of the full amount.
This winner chose the lump sum payment, so his lottery prize was about $600,000,000.