Annuity vs Lump Sum Lottery Payout Options

lottery payout after taxes
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the additional tax attributable to the lottery winnings could be as much as 37% of the total (since the top Federal rate is 37% — not % as

This includes winnings from the Wisconsin Lottery and out-of-state lotteries No deduction is permitted on the Wisconsin income tax return for Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

ak626 lottery result Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Besides the time-value-of-money discount rate, a lump-sum payout also results in federal tax of 37% on every dollar over $539,900