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Lottery Payout Options: Annuity vs Lump Sum

Lottery Payout Options: Annuity vs Lump Sum

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Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another

Any individual who is not a citizen or resident of the United States is a nonresident alien individual The tax withholding rate for a nonresident alien is 30 Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning

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

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