Mega Millions After Taxes: How Much Will the Winner Get?

website lottery take home after taxes If a lottery winner chooses an annuity, they receive annual payments over time They may not be taxed at the highest rate, depending on how much they get each lottery sambad day Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

lottery take home after taxes Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax  The federal government will immediately take $142,824,000 from that cash option Remember, the rest of your federal tax bill comes next  taxes ; redeemable from 1923-57 by annual drawings ; callable as a whole or in part after Lottery Loan of 1920 : Amount issued , K400,000,000

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