{"id":290197,"date":"2018-10-29T18:00:00","date_gmt":"2018-10-29T22:00:00","guid":{"rendered":"https:\/\/admin.rushlimbaugh.com\/?p=290197"},"modified":"2018-10-30T16:12:02","modified_gmt":"2018-10-30T20:12:02","slug":"rush-24-7-morning-update-106","status":"publish","type":"post","link":"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/","title":{"rendered":"Rush 24\/7 Morning Update: Tax Man Cometh"},"content":{"rendered":"<p>RUSH: This past weekend, the Powerball jackpot was almost $688 million, divided between two winners, one from Iowa and one from New York.<\/p>\n<p>So that\u2019s $344 million each, right?<\/p>\n<p>No, my friends, not even close.<\/p>\n<p>CNBC looked at the winners\u2019 tax bill. Now they can choose to take their prize as a lump sum or spread over 30 years.<\/p>\n<p>Let\u2019s say they choose the lump sum. They start with about $200 million. The feds take 24% off the top, and more when winners file their taxes. After federal taxes, the winnings are down to roughly $125 million each.<\/p>\n<p><img loading=\"lazy\" class=\"alignright size-full wp-image-241581\" src=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2017\/07\/00-Rush-Morning-Update-2.gif\" alt=\"\" width=\"199\" height=\"137\">New York and Iowa state taxes bring winnings to about $107 million each. Then come local taxes. Bottom line: winners who started with $344 million, will pay almost 45% of their prize in taxes.<\/p>\n<p>That\u2019s a shame! Are you stunned, and maybe even feel sorry for winners who have to fork over so much, on a prize they won? Probable not, you think it still a lot of money<\/p>\n<p>So let me ask this: Do you feel the same for people forced to pay those taxes on money they\u2019ve earned? Not one. A lot of people pay the same amount of money on money they earn! How do you feel about that? You probable don\u2019t care either because it isn\u2019t you.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>RUSH: This past weekend, the Powerball jackpot was almost 688 million dollars, divided between two winners, one from Iowa and one from New York. So that&#039;s 344 million each, right? Not even close.<\/p>\n","protected":false},"author":56,"featured_media":270056,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rush 24\/7 Morning Update: Tax Man Cometh - The Rush Limbaugh Show<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:title\" content=\"Rush 24\/7 Morning Update: Tax Man Cometh - The Rush Limbaugh Show\" \/>\n<meta name=\"twitter:description\" content=\"RUSH: This past weekend, the Powerball jackpot was almost 688 million dollars, divided between two winners, one from Iowa and one from New York. So that&#039;s 344 million each, right? Not even close.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/APP-040316-MORNING-UPDATE-modified-002.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"keith doherty\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\",\"url\":\"https:\/\/admin.rushlimbaugh.com\/\",\"name\":\"The Rush Limbaugh Show\",\"description\":\"Excellence In Broadcasting\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/admin.rushlimbaugh.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/APP-040316-MORNING-UPDATE-modified-002.jpg\",\"contentUrl\":\"https:\/\/www.rushlimbaugh.com\/wp-content\/uploads\/2018\/04\/APP-040316-MORNING-UPDATE-modified-002.jpg\",\"width\":640,\"height\":360},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/#webpage\",\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/\",\"name\":\"Rush 24\/7 Morning Update: Tax Man Cometh - The Rush Limbaugh Show\",\"isPartOf\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/#primaryimage\"},\"datePublished\":\"2018-10-29T22:00:00+00:00\",\"dateModified\":\"2018-10-30T20:12:02+00:00\",\"author\":{\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/f6b9cb73da215aa25e18d3c20857012d\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.rushlimbaugh.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Rush 24\/7 Morning Update: Tax Man Cometh\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#\/schema\/person\/f6b9cb73da215aa25e18d3c20857012d\",\"name\":\"keith doherty\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/admin.rushlimbaugh.com\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/91c6b1776351bd54081e9a2fc5a5d7aa?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/91c6b1776351bd54081e9a2fc5a5d7aa?s=96&d=mm&r=g\",\"caption\":\"keith doherty\"},\"url\":\"https:\/\/www.rushlimbaugh.com\/daily\/author\/kdohertypremierenetworks-com\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Rush 24\/7 Morning Update: Tax Man Cometh - The Rush Limbaugh Show","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.rushlimbaugh.com\/daily\/2018\/10\/29\/rush-24-7-morning-update-106\/","twitter_card":"summary","twitter_title":"Rush 24\/7 Morning Update: Tax Man Cometh - The Rush Limbaugh Show","twitter_description":"RUSH: This past weekend, the Powerball jackpot was almost 688 million dollars, divided between two winners, one from Iowa and one from New York. 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