Paul is single, 65 years old, and retired. Many years ago, he purchased a single-premium deferred annuity for $75,000 using after-tax funds. This year on January 1 Paul started receiving payments of $10,000/year. Including the current year, he will receive $10,000/year for a total of 25 years. What is Paul's taxable income from the annuity for the current year? $10,000 $7,000 $3,000 O $0