this post was submitted on 08 Mar 2025
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[–] adarza@lemmy.ca 186 points 1 day ago (2 children)

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.

[–] Frozengyro@lemmy.world 66 points 1 day ago (1 children)

They did that to make it sound worse than it is.

[–] SoleInvictus@lemmy.blahaj.zone 55 points 1 day ago (1 children)

Wait a minute... Are you suggesting someone on the internet lied for attention?! I don't believe it!

[–] FauxLiving@lemmy.world 13 points 23 hours ago* (last edited 23 hours ago)

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

[–] roguetrick@lemmy.world 8 points 1 day ago* (last edited 1 day ago)

Edit: disregard, California doesn't tax lottery winnings on the State level