Here's the tax bill for the winning $ Mega Millions ticket

how much tax is taken from lottery winnings
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How to calculate gambling duty ; 1 Totalisator betting in connection with horse racing, 25% x (Amount of bets received - Winnings paid out

The IRS automatically takes a 24% share of your winnings as tax money, Kentucky Lottery spokesperson Jennifer Cunningham confirmed to the Herald If the total $ billion payout is chosen: Federal taxes: $324 million; Take-home: $ billion If the cash option

poker in london Massachusetts gross income is divided into two classes, Part A income taxed at 10% and Part B income taxed at 5% Part A income is comprised of interest, How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize