Mega Millions jackpot: How much will the winner pay in taxes

Mega Millions jackpot: How much will the winner pay in taxes how are lottery winnings taxed
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how to play india lottery online This trap can be avoided by investing all winnings in a low-risk mutual fund and living off the interest For example, if you invest a $250

how to win at the lottery The chances of winning Powerball's Some states have no income tax or don't tax lottery winnings, but others have top-income state tax brackets The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes