Birdwatch Archive

Birdwatch Note

2023-08-04 11:08:47 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

The IRS would not get an estimated $300M "immediately." The $1.25B jackpot is the annuity amount, so the $300M would be paid over a period of 30 years. If the winner chooses the lump sum ($625M), the 24% withholding amount would be $150M. https://www.cnbc.com/2023/08/03/mega-millions-jackpot-hits-1point25-billion-how-it-helps-the-government.html

Written by D7EF97F1033367B014B4E90207A0183BAC93E3AD0DF03D3912FADFF3961E2F51
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• noteId - 1687420309824258048
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• noteAuthorParticipantId - D7EF97F1033367B014B4E90207A0183BAC93E3AD0DF03D3912FADFF3961E2F51 Participant Details
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• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• summary
• The IRS would not get an estimated $300M "immediately." The $1.25B jackpot is the annuity amount, so the $300M would be paid over a period of 30 years. If the winner chooses the lump sum ($625M), the 24% withholding amount would be $150M. https://www.cnbc.com/2023/08/03/mega-millions-jackpot-hits-1point25-billion-how-it-helps-the-government.html