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How much will they get after taxes? Can anyone do the math?
If its 2 Million "cash". Sometimes they pay 2 million annuity over increments of 30 years.
Lets say though it is 2 Million cash....
Illinois gets 3.75% and Uncle sam gets Minimum 25% ( technically federal will get 34-36% when all is said and done).
2 million less tax 28.75% ($575,00) .means he walks with 1.425 million.
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