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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Then there are the state taxes Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Wll Modi get jealous and start chasing you? i see that there s 30% tax on lottery winnings in India, better make it 99% tax,

fruits & jokers_ 20 lines slot The federal tax rate of 37%, the top federal tax rate, applies to the portion of your winnings that exceeds $1 million, including lottery Then there are the state taxes Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida,