$ billion Mega Millions: How is the lottery taxed in CA?

does the lottery get taxed
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If you normally earn $49,725 as a single tax filer, just $5,000 of your income would be taxed at 22% · But if you had a $100,000 winning ticket, your total

In the US, lottery winnings are considered taxable income, so winners a subjected to an up-front federal tax on their winnings And, depending

does mississippi have a lottery The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal

does meijer sell lottery tickets Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax