Cruel Mythik: You won the lottery! What's your tax hit?

You won the lottery! What's your tax hit?

[3] Describes perfectly the feeling for many on Tax Day! Right? Feelings captured, a bravo is in order! BRAVO FOLKS! Enjoy!:) by || UggBoy♥UggGirl || PHOTO || WORLD || TRAVEL ||
License (according to Flickr): Attribution License

Excerpt:

NEW YORK (CNNMoney) -- The winners of the biggest Powerball lottery in history aren't the only ones celebrating. The IRS has hit a jackpot of its own, with millions of dollars in taxes potentially coming its way. The final jackpot rang in at $587. 5 million on Wednesday night. Two winning tickets, bought in Missouri and Arizona, have been announced so far. The winners have 180 days to claim their money. The full $587. 5 million prize can only be taken as an annuity, in which payments would be spread out over 29 years and taxed each year. Otherwise, a cash payment of $385 million can be claimed right away. Of course, that too will be taxed. Big time. If the two winners take lump sums, each will get $192. 5 million. The prize, no matter how the winners take it, is considered income tax.

Keywords:

People:

Mark Luscombe

Overall Sentiment: 0.186195

Relevance: 0.798741

Sentiment	Quote
-0.134935	"A lot of lottery winners aren't good with their money and run through it quickly, so sometimes an annuity is a good idea so that they save money," he said. ...
Sentiment Stats:	Number of Quotes: 1 Aggregate Sentiment: -0.134935 Mean: -0.134935 Standard Deviation: 1.4142135623731

Uncle Sam

Overall Sentiment: 0

Relevance: 0.335992

Ben Barzideh

Overall Sentiment: 0.0882508

Relevance: 0.335259

Key:

Aggregate Sentiment is meant to be an indicator of an individual's overall sentiment.
The Mean is meant to be an indicator of an individual's average comment sentiment.
The Standard Deviation, when there are enough quotes, will indicate an individual's consistency of sentiment (i.e. a Standard Deviation of 0 would mean they were very consistent in their sentiment and 1 would mean they were very inconsistent).

Note that quote stats are likely to be meaningless beyond the aggregate score due to the tiny sample size. However, they are always provided just in case you find something useful there.

Additional Info:

Organization: IRS

Overall Sentiment: 0.0359903

Relevance: 0.466155

Organization: Congress

Overall Sentiment: 0

Relevance: 0.312541

Company: Piershale Financial Group

Overall Sentiment: 0.12319

Relevance: 0.302235

StateOrCounty: Missouri

Overall Sentiment: 0.0722032

Relevance: 0.566191

Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdiction | USStateReferences:

StateOrCounty: Arizona

Overall Sentiment: 0.126825

Relevance: 0.55628

Disambiguation: Location | PoliticalDistrict | AdministrativeDivision | GovernmentalJurisdiction | USStateReferences:

StateOrCounty: Washington

Overall Sentiment: 0.161865

Relevance: 0.313425

Disambiguation: References:

City: NEW YORK

Overall Sentiment: 0.079887

Relevance: 0.387204

Disambiguation: References:

FieldTerminology: Powerball

Overall Sentiment: 0.163476

Relevance: 0.409814

Cruel Mythik

Sunday, December 30, 2012

You won the lottery! What's your tax hit? | Reduction