Tax Planning for Lottery Winners
Tax Planning for Lottery Winners
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The federal tax on the lottery is based on the federal marginal rates, which is 37 percent in the highest bracket In practice, there is a 24 percent federal
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euro millions lottery Federal taxes are due on the total amount of winnings when claimed Winners may move to a new income tax bracket for the year — and their tax rate can more than taxes required are federal, they will take home an estimated $283,346,573 from the cash option, according to Lottery USA's tax calculator
