Thread: Lump Sum Advice
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Old 09-03-2015, 05:38 AM
  #19  
mikefloyd
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Join Date: Nov 2009
Location: Tarpon Springs, FL
Posts: 7,405
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Welcome to ridiculous tax rates, the good thing is the government will spend your money wisely. Agree with a previous statement, this should have been looked at when the agreement was signed. Tax planning is done in the beginning not when you file.

On another good note, they are not taxing you anywhere near as much as they're spending. Depending on where you live and your income, with state taxes you could be looking at close to a 50% tax hit.
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