How much money will you get after taxes if you win the Mega
How much money will you get after taxes if you win the Mega
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From the Tx Lottery FAQ page: Texas Lottery tax withholding rate is after paying taxes and bills when winning millions of dollars in a lottery
Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not
gila bola slot All of the same rules for lottery taxes apply to group lottery wins in Texas The same 24% federal tax will be withheld from the final amount Each Lotto Texas payment remains constant each year The cash payout is approximately 50-80% of the advertised annuity jackpot, but this percentage varies
