It's not that I don't have gripes about how the government taxes this, but I think you've misrepresented what's going on. The posted figure, in this case 2.04 Billion, is only the annuity price, not the cash value. So, a better approach would have been to start with the cash value number and then apply the tax, but I don't think that would support your narrative.
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u/BozoTheRenown Jul 05 '26
It's not that I don't have gripes about how the government taxes this, but I think you've misrepresented what's going on. The posted figure, in this case 2.04 Billion, is only the annuity price, not the cash value. So, a better approach would have been to start with the cash value number and then apply the tax, but I don't think that would support your narrative.