When the value of the dollardeteriorates month after month, a security withincome and principalpayments denominated in those dollars isn't going to be a bigwinner.
After my story ran last year, some curious readers asked if a New York City winner could simply move to a state without an income tax before claiming his or her prize and thereby escape the hefty New York tax.
After my story ran last March, some curious readers asked if a New York City winner could simply move to a state without an income tax before claiming his or her prize and thereby escape the hefty New York tax.