Lottery Tax Calculator: How It Works, What You Owe

how much money do you get if you win the lottery
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“My motto is if you want to win the lottery you have to make the money to buy a ticket ”

With the Powerball now at a billion dollars, what do you do if you in fact have the winning How much do I pay in taxes if I win 1,000,000? If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000 federal

the legend of bigfoot slot If you win over $600 in the lottery you'll owe federal income taxes on that money And if you're the lucky winner of $5,000 or more, 25% will be If you win a lottery prize up to $600, your winnings will be credited to your personal account at theLotter Texas shortly after the prize money is received from