Neal Wanless, a 23 yo rancher from S.D. just won 232 million in the Powerball lottery. The newspaper reported that he'll take a lump sum of 88 million after taxes. That equates to a tax rate of about 62 percent! Is there some sort of windfall penalty that results in a 62 percent tax rate? That tax rate is about what most Europeans pay (and get cradle to grave health care, free education and more).