WINNING THE LOTTERY

 

A local guy won a one million dollar lottery and chose the lump sum payout option. He pockets a mere $634,000. Yikes! Talk about being taxed at the maximum rate, far above what the billionaire class ever pays. Sure, it's apples to oranges but geez, you'd think the State could put a bit more icing on this guy's good fortune. It feels like a penalty for taking lump sum rather than the 30 year payment scheme.