I am sure there are other nuances and situations. That one situation was one I thought was very possible and that was why I came up with that rule. Nothing special.
Does Australia have a big lottery?
The next time that the Mega Millions doesn't have a winner (drawing will be on Tuesday), I think the rollover will be $500,000,000. I'll think of something interesting to do.
The biggest one I have seen was 30 Million jackpot I think. But in Australia winners won't have to pay tax. I never been lucky to win in any kind of lottery (not even the smallest one like $2)
The tax in the USA is fairly steep. I think the top winner will likely pay up to 40% between Local, State and Federal authority. I tend not to think about that because I am sure that I can still do plenty with the other 60% 🤗🤗
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