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What's the most tax efficient way to get that prize money if you win? How much could you actually keep?
by brador 13y ago
What's the most tax efficient way to get that prize money if you win? How much could you actually keep?
- colinbartlett 13y agoDetailed analysis of the tax implications of winning $1 Billion: http://www.forbes.com/sites/kellyphillipserb/2014/01/21/warren-buffett-offers-1-billion-for-perfect-march-madness-bracket/ http://www.forbes.com/sites/kellyphillipserb/2014/01/21/warr...
- mycroft-holmes 13y agoUncle Sam will take any chance they can to steal money from people. That's a lot.
- jonknee 13y agoAh yes, the poor plight lottery winners. With the reduced incentive of taxes I'm sure it would be impossible to find someone willing to take the risk of winning so much money...
- jonknee 13y agoIt's not a $1,000,000,000 check, you get a 40 year annuity with an annual payout of $25,000,000 OR a one time payment of $500M.