Lottery: Lump Sum VS Annuity?

[rolling7]

Minus taxes.

But a whole new world of "friends" and "long lost cousins three times removed"

 

[SteveMcGarrett]

Here a loophole. When you win move to Canada. And give up your American citizenship and you wont pay taxes. And if the I.R.S Pesters you,, get yourself a lawyer and you SUE the I.R.S!!!

 

[rolling7]

Depends. Anyone who wind an American-based lottery pays tax on the winning amount.

 

[Roca]

I'd take an annuity rather than lump-sum.

 

[Banjo]

I'd take an annuity rather than lump-sum.

What if the lottery corporation files for bankruptcy?

 

[SteveMcGarrett]

What if the lottery corporation files for bankruptcy?

Then you sue the State.