Luck of the Draw: True-Life Tales of Lottery Winners and Losers

website if you win a million dollar lottery how much is taxed Whoever wins a Mega Millions jackpot will still take home a good chunk of change, but they can say goodbye to at least 24% of their winnings right away if i ever win the lottery meme But if you take the lump-sum cash prize, you'll pay tax twice: on the prize when you win it, and on the income you get by investing it This

if you win a million dollar lottery how much is taxed How Much Do Lottery Winners Pay in Taxes? $ Jackpot! LYFE 10 Things YOU NEED  Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $538,004,000  Sporting event or competition prize money If you run a sports event or competition and give more than $500 in prize money to a participant,

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