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Kinda has a stench of “the wealthy get taxed too much 😢”
The IRS doesn’t get that money. The IRS processes that money and prevents your lottery-ticket-buying-ass from hoarding it all, and redistributes some of that unnecessary wealth to the utilities and services were all invested in together as a society.
If only actual billionaires got taxed that much…
Congratulations to the lottery company who was allowed to advertise a $400m prize as $1.28b.
You’d get significantly more if you didn’t take it in a lump sum
