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Taxes on Lottery ?
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iseedit
Posted 10/21/2018 09:54 (#7057710)
Subject: Taxes on Lottery ?



central - east central Minnesota -

Lot'ta talk about the big lottery and winning . . .  . . ..   What is the Tax rate on the big lottery (Mega), it's not $1.6 billion, it would be on the $904,600,000 million. So,what is the new Fed rate for such dollar ? It used to be 28%, but not sure if it kicked into a larger rate, as the amount when up. Is there a chart for the new federal rules?
TIA

 

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