$ billion Mega Millions: How is the lottery taxed in CA?

Lottery tax is 30% of the total value of winnings Winnings may be money, items or other benefits of a monetary value Example: A company

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

how to stay rich after winning the lottery Every state is required to withhold 25% in a federal lottery tax, After additional withholdings, you'll be losing roughly 37% of your jackpot to

how to stop postcode lottery The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that