2007-04-22 01:27:49 · 4 answers · asked by rick f 1 in Games & Recreation ➔ Gambling
Also what are the taxes?
2007-04-22 01:28:45 · update #1
30 years; it's called the annuity. Total taxes? Probably 50%.
But you can probably knock that down a lot by buying tax-free municipal bonds. I read an article that Nick Jagger does that.
And that's how the rich keep getting richer.
2007-04-22 01:38:23 · answer #1 · answered by quillologist 5 · 0⤊ 0⤋
I think its usually paid out anywhere from 20 to 30 years.
2007-04-22 14:28:55 · answer #2 · answered by paul s 4 · 0⤊ 0⤋
I think it's 25 years, and it depends about taxes i think, but I don't know for sure, because I live in Canada, and they don't take taxes for lottery winning here.
2007-04-22 01:35:45 · answer #3 · answered by sunny 3 · 0⤊ 0⤋
like 30]
2007-04-22 07:12:13 · answer #4 · answered by ZALiMAN 3 · 0⤊ 0⤋