It’s high taxes for the $245 million Powerball winner 

Personal Finance

The person holding the winning $245.6 million Powerball ticket is likely discovering that New York isn’t the best place to hit the jackpot.

Not only will the ticket holder face state and city lottery taxes that are among the highest in the nation, remaining anonymous might be impossible. While a trust can be created to claim the prize, the New York Lottery will likely release the winner’s name, said Jason Kurland, a partner at Rivkin Radler, a law firm in Uniondale, New York.

The winning ticket in Saturday night’s Powerball drawing was purchased at a Stop & Shop in Staten Island. The prizewinner will have the choice of receiving the money as annual payments over 30 years or taking a lump sum of $147.8 million.

Source link

Products You May Like

Articles You May Like

Here’s how the $687.8 million Powerball winners can invest their money
European banks need a banking union to compete with Wall Street
Coca-Cola CEO James Quincey talks coffee, cannabis strategy
These oil plays will improve in 2019
Head for the door if you spot these red flags during a job interview

Leave a Reply

Your email address will not be published. Required fields are marked *