Mega Millions jackpot is $750 million

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

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and Both the Mega Millions and the Powerball Lottery totals have reached over $400 million! What

green machine slot machine tips Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Consequently, from your $100,000 lottery winnings, your total federal tax obligation would amount to $28,199 You win if the numbers on one row