$1 billion Powerball winning ticket sold – but taxes cut winnings more than you'd expect | Unpublished
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Author: USA TODAY
Publication Date: July 20, 2023 - 08:19

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$1 billion Powerball winning ticket sold – but taxes cut winnings more than you'd expect

July 20, 2023

Most winners choose the lump sum payout over a 29-year annuity, but hefty taxes and inflation steadily eat away at prize money.

     


Unpublished Newswire

 
We learned this week the outcome of Canada’s gunpoint re-negotiation with the United States over revenue from the new Gordie Howe International Bridge, an impressive $6.4-billion cross-border span that Canada paid for and is now finally able to open for traffic on Monday. The reality of the forced amendments — hammered out under threat from U.S. President Donald Trump who demanded changes to a long-standing binational contract at the eleventh hour — is not so much that it makes the new bridge a terrible deal for Canada, it’s that the changes made a bad deal even worse, according to a...
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