How much do you pay in Pennsylvania taxes on lottery wins?

taxes on million dollar lottery
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When you go lump sum , the govt takes around 40% away from your winnings The cash option is currently 464 million So

Mega Millions sign and lottery tickets are seen at a store in New York, United  The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note

high cards poker The Maine State Lottery says the winner chose the cash option, which is a one-time, lump-sum payment of $723,564,144 before taxes, which comes Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you've come to the right place!