Taxes and the lottery, how much you could owe if you win
r82230
Posted 9/5/2025 22:19 (#11355869 - in reply to #11355860)
Subject: RE: Taxes and the lottery, how much you could owe if you win



Thumb of Michigan		If you win in Michigan, $2B would be reduced between Fed & State taxes, the lump sum would be ~$500M after taxes, the annuity (the advertised $2B) would be ~$1B after taxes. So, you're looking at 25 or 50% left (which is still enough to buy a couple more acres of farmland).
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