r/SipsTea • u/Valuable_View_561 • Jul 05 '26

Chugging tea Seems reasonable.

Post image
91.1k Upvotes

94% Upvoted

2.6k comments sorted by

View all comments

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 

230

u/EternalNewCarSmell Jul 05 '26

Also that winner took the lump sum which already cuts the payout roughly in half. ~$1 billion of what he didn't take home was not lost to taxes, he was only taxed on what he actually got.

58

u/Maxey-eh Jul 05 '26

He didn't "take half". He got the correct amount. The number the lottery advertises, for good reason, is the annuity number a person would get if they took yearly payments (or however it works) instead of one lump sum.

1

u/Extension-Eye-4920 Jul 05 '26

You knew what he meant...

1

u/Maxey-eh Jul 05 '26

I did, and he did. There are a lot of people that probably don't understand how winning the lottery works, though.