Lottery Winnings: Lump Sum or Annual Payment?

lottery lump sum percentage
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Although the winner of California's lottery opted to receive a lump sum In addition, because the highest federal income tax rate is 37 percent

Most states charge a tax on lottery winnings The amount initially withheld and how the winnings get taxed depends on your state's tax rate

lottery result w723 And for a large prize like the Mega Millions, that lump sum will also catapult you into the highest income tax bracket, so you'll pay the top

lottery 16 1 66 Design a lottery calculator program that: a Allows the user enter the 1 Lump sum payment of the winnings 2 The percentage tax to be paid on