How much $ Mega Millions winner takes home after taxes

1 million dollar lottery after taxes
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1 million dollar lottery after taxes The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that  It will vary from state to state, but you can roughly expect to receive $600,000 after taxes Unfortunately lottery winnings like all other  How much tax on a $ billion lottery win? · Federal taxes: $324 million · Take-home: $ billion

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