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From: franka@mmintl.UUCP (Frank Adams)
Newsgroups: net.taxes,net.legal
Subject: Re: Silly us
Message-ID: <1171@mmintl.UUCP>
Date: Wed, 5-Mar-86 15:40:03 EST
Article-I.D.: mmintl.1171
Posted: Wed Mar  5 15:40:03 1986
Date-Received: Mon, 10-Mar-86 00:10:07 EST
References: <513@kontron.UUCP> <750@ttrdc.UUCP> <624@sigma.UUCP> <433@ccivax.UUCP>
Reply-To: franka@mmintl.UUCP (Frank Adams)
Distribution: net
Organization: Multimate International, E. Hartford, CT
Lines: 10
Xref: watmath net.taxes:1064 net.legal:3069

In article <433@ccivax.UUCP> rb@ccivax.UUCP (What's in a name ?) writes:
>A lottery winner actually won $1 million, and ended up with $20,000
>"after taxes".

I assume the lottery winner won $50,000 a year for 20 years, and ended up
with $20,000 of the first $50,000 payment.  This may be too much of a tax
bite, but it isn't obviously and absurdly so.

Frank Adams                           ihnp4!philabs!pwa-b!mmintl!franka
Multimate International    52 Oakland Ave North    E. Hartford, CT 06108