We spend billions on lottery tickets Here's where all that money goes

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If you add the 24% withholding tax plus the 13% extra tax the winner will pay April 15th together, you get a federal tax of $289,821,000 Check

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 Americans spend over $70 billion in lottery money each year 63% of that goes to the winners, while the other 27% goes to these groups

slot madness casino no deposit bonus 2021 In terms of how much money public K-12 schools get, it's not the jackpot it may seem to be  While the lottery is quick to boast that it has raised $ billion for education in 51 years, that amount is roughly the equivalent of what is