Smart tax strategies for lottery winners - Tax Insider

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Federal taxes: $ million; Take-home: $538 million The total federal tax rate, however, is higher Tax experts say exact tax amounts can't

tax ; industrial trusts and combines and private enterprises were no longer lottery loan An excise duty on articles widely consumed , such as taxes Indirect taxes INCOME Proceeds of monopolies Lottery Income of government property Sundry receipts Total EXPENSES General expenses

jamaican lottery numbers How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize Lottery prizes of $5,000 or more are subject to federal income tax withholding As a result, if you win a jackpot worth that much, 24% of your