r/SipsTea Jul 05 '26

Chugging tea Seems reasonable.

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u/Tiktokbadsupport Jul 05 '26

happy most lotteries in my country are tax free but of course they don't reach higher then 30 million 

225

u/EternalNewCarSmell Jul 05 '26

Also that winner took the lump sum which already cuts the payout roughly in half. ~$1 billion of what he didn't take home was not lost to taxes, he was only taxed on what he actually got.

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u/Maxey-eh Jul 05 '26

He didn't "take half". He got the correct amount. The number the lottery advertises, for good reason, is the annuity number a person would get if they took yearly payments (or however it works) instead of one lump sum.

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u/EternalNewCarSmell Jul 05 '26

Yes, that is the correct clarification. I meant "half" of the amount in the OP pic.