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re: Lump sum? How is it issued?

Posted on 1/12/16 at 4:09 pm to
Posted by markasaurus
Baton Rouge
Member since Aug 2011
2996 posts
Posted on 1/12/16 at 4:09 pm to
Posted by Topwater Trout
Red Stick
Member since Oct 2010
67602 posts
Posted on 1/12/16 at 4:14 pm to
I thought federal was 39.6
Posted by slackster
Houston
Member since Mar 2009
85500 posts
Posted on 1/12/16 at 4:35 pm to
Those federal and state tax withholdings seem to be off. I can't imagine the annuity has a cost basis or gets any preferable tax treatment on the payouts that would result in the 25% tax bracket.
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