Minnesota lottery a regressive tax on the working class, state data

Lottery Tax Calculator: How It Works, What You Owe how much after taxes lottery After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million Marginal tax brackets for tax year how to purchase lottery tickets online Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $363,432,000

how to play caribbean stud poker Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax