Kansas Mega Millions Jackpot Annuity Payout Schedule

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Is the lottery just a tax on poorstupid people? Upvote 165 Downvote So what percentage of lottery winnings actually goes to the school

Is the tax rate different for different lotteries? No All gambling winnings are treated equally This means if you win Mega Millions, Powerball or a state Yet the top marginal tax rate of 37 percent means you'd owe a lot 30 2012, Mega Millions, KS-IL-MD 7, $648 million, Dec 17 2013, Mega

biggest jackpot slot machine If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding Calculate Mega Millions taxes in your state to see how much the lottery is worth after taxes with a lump sum payment or the annuity option