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I don't unnerstand<sic> dis<sic> at all!

A person wins the lottery and decides to take it in a lump sum. Depending on tax jurisdictions (state) the winner(s) might end up with about 55%, give or take.

How will setting up a 70/10/10/10 scheme minimize taxes if it was set up before ticket purchase or before redeeming it? It seems to me taxes will have been paid at redemption on a lump sum payout. Ditto for a single winner who wants to "gift" the the winnings.

Interesting question!

Best regards,
Duane
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