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Dieter won the lottery this year, which means that he will receive $400,000 per year for the next 30 years. The present value of Dieter's

Dieter won the lottery this year, which means that he will receive $400,000 per year for the next 30 years. The present value of Dieter's prize is about $3.75 million. Conscious of the tax benefits of income shifting, Dieter irrevocably assigned one-fifth of every annuity payment to his daughter Heidi. what are the effects of these events on Dieters taxable income?

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