How are Lottery Winnings Taxed?

why is lottery lump sum less
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With a lump sum payment, you may pass less in taxes overall on your winnings because you'll get taxed on all of it right now and tax rates are

Seeing as the lump sum payment is a much larger immediate payment, even if it is less overall value, some winners prefer it because they have the potential to

why do lottery winners go broke Question: Lottery winners who take the lump-sum payouts instead of payments spread out over many years Multiple Choice O believe the rate of

why are slot machines addictive Lottery winners who take cash either don't want to wait for their winnings or figure they can invest the money and end up with more money than