Mega Millions calculator: Here's how much you'd win after taxes
Mega Millions calculator: Here's how much you'd win after taxes
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Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%
After these taxes are levied on the $ billion, the winner could be left with $ million of the total amount, according to CNBC Then Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with
what are the odds of getting a royal flush in poker Forbes highlighted that since gambling winnings necessitate obligatory federal withholding taxes, the lump sum payment is subject to a mandatory If you are not a resident, you will typically have a flat 30% federal withholding, and state taxes may differ from what is listed above Consult with your
