The IT department loves it when you win a lottery or when

After federal taxes, you'd be left with $ million Then there are state taxes, which range from zero to more than 8 percent depending on

Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The

how much do lottery lawyers charge When you win a trip, you are taxed on its fair market value Depending on the sort of holidays you take, the taxes might be as much as you'd normally spend on

how much money does the lottery make a year With a federal tax rate of 37%, a Mega Millions winner would pay a total of $ million in federal taxes and pocket $ million by 2051 if