if they take it as a lump sum, it would be the maximum federal rate plus the maximum state rate, which could total nearly half, depending on the state.
There was an interview with Rupert in our Indianapolis newspaper, and he said that he had checked with a tax attorney and the amount that he would receive after taxes is $520,000.
I could live with that!
Wow, I could live with that too, but that's a huge chunk of change! Just imagine what the government could do with that money if they spent it right...