Michigan Lottery Tax Calculator

lottery jackpot tax calculator
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lottery jackpot tax calculator The winnings are subject to a flat tax rate of 30% without any deductions The tax is usually deducted at  USA Mega, which analyzes lottery jackpots, reports the average annuity payment will be $ million pre-tax Off the top, the federal  Will I have to pay taxes on my prize? The Hoosier Lottery withholds 24 percent in federal tax if winnings minus the wager are more than $5,000, and

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