Quote:
Originally Posted by NE1469
I'd take annuity and then buy a house/property in a State that has no personal income tax. This way you only pay the State (you currently live in) tax with the first years check. After fed tax that gives you about 6.5 million(?) tax free a year for 29 years with ZERO risk!
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I'm not 100% sure, but it may not work that way. They may tax you in the state you won it in for each payment since you were a resident of that state when you won it. Even if they did I agree with you. I would take the payments. You get twice as much money in the long run and the odds of you fucking your life up with it are a lot slimmer.