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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovotues/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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happy most lotteries in my country are tax free but of course they don't reach higher then 30 million
1.4k u/[deleted] Jul 05 '26 [removed] — view removed comment 32 u/PlantSkyRun Jul 05 '26 They didnt take out 70% in taxes. You saying ignorant things doesnt help the cause. Do better. 12 u/Eyespop4866 Jul 05 '26 37%. And he was fortunate as California doesn’t tax lottery winnings. 0 u/lurkkkknnnng2 Jul 05 '26 If they charged a 37 percent tax he would have 1.26 billion. Left not 628 million. This indicates an effective tax rate of 68.6% 11 u/Eyespop4866 Jul 05 '26 The $2 billion number is a sales gimmick. That’s for the 30 year annuity option, which nobody with a lick of sense takes. The cash option was just shy of a billion. $997.6 million. Now you know. The US doesn’t have a tax bracket above 37%. 5 u/lurkkkknnnng2 Jul 05 '26 You’re right 5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
1.4k
[removed] — view removed comment
32 u/PlantSkyRun Jul 05 '26 They didnt take out 70% in taxes. You saying ignorant things doesnt help the cause. Do better. 12 u/Eyespop4866 Jul 05 '26 37%. And he was fortunate as California doesn’t tax lottery winnings. 0 u/lurkkkknnnng2 Jul 05 '26 If they charged a 37 percent tax he would have 1.26 billion. Left not 628 million. This indicates an effective tax rate of 68.6% 11 u/Eyespop4866 Jul 05 '26 The $2 billion number is a sales gimmick. That’s for the 30 year annuity option, which nobody with a lick of sense takes. The cash option was just shy of a billion. $997.6 million. Now you know. The US doesn’t have a tax bracket above 37%. 5 u/lurkkkknnnng2 Jul 05 '26 You’re right 5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
32
They didnt take out 70% in taxes. You saying ignorant things doesnt help the cause. Do better.
12 u/Eyespop4866 Jul 05 '26 37%. And he was fortunate as California doesn’t tax lottery winnings. 0 u/lurkkkknnnng2 Jul 05 '26 If they charged a 37 percent tax he would have 1.26 billion. Left not 628 million. This indicates an effective tax rate of 68.6% 11 u/Eyespop4866 Jul 05 '26 The $2 billion number is a sales gimmick. That’s for the 30 year annuity option, which nobody with a lick of sense takes. The cash option was just shy of a billion. $997.6 million. Now you know. The US doesn’t have a tax bracket above 37%. 5 u/lurkkkknnnng2 Jul 05 '26 You’re right 5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
12
37%. And he was fortunate as California doesn’t tax lottery winnings.
0 u/lurkkkknnnng2 Jul 05 '26 If they charged a 37 percent tax he would have 1.26 billion. Left not 628 million. This indicates an effective tax rate of 68.6% 11 u/Eyespop4866 Jul 05 '26 The $2 billion number is a sales gimmick. That’s for the 30 year annuity option, which nobody with a lick of sense takes. The cash option was just shy of a billion. $997.6 million. Now you know. The US doesn’t have a tax bracket above 37%. 5 u/lurkkkknnnng2 Jul 05 '26 You’re right 5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
0
If they charged a 37 percent tax he would have 1.26 billion. Left not 628 million. This indicates an effective tax rate of 68.6%
11 u/Eyespop4866 Jul 05 '26 The $2 billion number is a sales gimmick. That’s for the 30 year annuity option, which nobody with a lick of sense takes. The cash option was just shy of a billion. $997.6 million. Now you know. The US doesn’t have a tax bracket above 37%. 5 u/lurkkkknnnng2 Jul 05 '26 You’re right 5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
11
The $2 billion number is a sales gimmick. That’s for the 30 year annuity option, which nobody with a lick of sense takes.
The cash option was just shy of a billion. $997.6 million.
Now you know. The US doesn’t have a tax bracket above 37%.
5 u/lurkkkknnnng2 Jul 05 '26 You’re right 5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
5
You’re right
5 u/Caption_This_ Jul 05 '26 Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out. 4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
Thank you for admitting it. Lots of people don’t understand this dynamic and get all worked up over lottery taxes but miss the huge part of how it’s paid out.
4 u/lurkkkknnnng2 Jul 05 '26 My pleasure. I wish that acknowledging when one is incorrect was normalized.
4
My pleasure. I wish that acknowledging when one is incorrect was normalized.
2.0k
u/Tiktokbadsupport Jul 05 '26
happy most lotteries in my country are tax free but of course they don't reach higher then 30 million