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Old 06-01-2011, 07:35 PM  
jigg
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Join Date: Feb 2002
Posts: 2,527
Quote:
Originally Posted by J. Falcon View Post
You make it sound like you might even end up owing money
based on what i've read it's not unheard of to end up owing Uncle Sam because they deducted too little say 28% instead of 35% or 38%

The good thing is that if you get the lump sum, you pay the gov't then invest in tax free bonds or something and live off the interest alone (assuming your cash sum is in the millions) and not pay income tax in most cases
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