What This Single Mom Did When She Won $188 Million Will Make You Fall Off Of Your Seat
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6 Days ago
Claiming The Prize Money Through Lump Sum
Marie chose the lump sum payment option, which totaled $127 million after all deductions. The fortune remained huge, but there was one more item to deduct. As responsible citizens of their state, they are to pay taxes for the money that they are entitled to.
Associated Press
Apparently, the state alone would take a total of 6% of the total winning prize. On top of that, the federal government would take up to 30% out of it, depending on the bracket that she fell into. However, despite these deductions and lengthy processes, the money that she will be getting would still be enough to change their lives.
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