If the winner goes with the cash option of $477 million, the IRS will get more than $100 million right off the bat.
Source: Winner of $768.4 million Powerball jackpot faces big tax bill
# – # – # – # – #
Why isn’t it tax free?
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FJohn Reinke
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Advisor, Computer Governance Committee at Manhattan College
Editor / Publisher at Jasper Jottings
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Scott Silvay
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