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re: Lump sum? How is it issued?

Posted on 1/12/16 at 4:14 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 Booyow
Member since Mar 2010
4015 posts
Posted on 1/12/16 at 4:21 pm to
quote:

I thought federal was 39.6


It is, but they only withhold 25% from the distribution. The winner would be responsible for paying more in taxes than what is withheld.
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