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$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
No state taxes either.....winner times 2x..lol
Aug 9, 2023, 1:00 am - mightwin1 - Lottery News

$1.05 BILLION: Mega Millions keeps rolling after no winner FridayReply
Over 300 million after taxes. Yes please.
Jul 29, 2023, 9:13 am - Infraredsight - Lottery News

Iowa woman buys winning $2 million Powerball lottery ticket right before sales cutoffReply
Almost exactly 1.3 million after federal taxes.
Jul 15, 2023, 12:29 pm - Murgatroyd - Lottery News

North Carolina woman wins $1 million lottery prize a week after buying houseReply
Those taxes are brutal.
May 10, 2023, 10:43 pm - pstfleur - Lottery News

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winReply
Actually you are only half right and half wrong. Using a courier service in another state that doesn't tax the Lottery win other than the required Federal Tax in that state doe not require you to pay a State Lottery Tax in your home State. You can claim your winnings in a state that does not collect state taxes along with the Federal Taxes, but in the State you reside in you will only pay State Income Taxes based off of your Federal Income Tax Filing, and you may have to show cause for the Addit
Apr 29, 2024, 3:29 pm - Onelast8 - Lottery News

California man asks clerk to choose a lottery game for him, ends up picking out a ticket worth $10MReply
Since the clerk choose the ticket for me at my request I would tip nicely, it was a life changing amount. Your are going to pay 37% in Taxes in total based only on the 5.8 Million which equates to 3,654,000.00 after all the Federal Tax is paid. I would Tip the clerk 654,000.00 they will be responsible for any Taxes from that, it removes me from Tax Fraud allegations. California is very expensive so I figure 654 Thousand is not a whole lot in that State but better than zero. The store that receiv
Oct 20, 2023, 7:38 pm - Onelast8 - Lottery News

$910 MILLION: Mega Millions lottery jackpot making another historic runReply
I think you could create a trust in the state with no income taxes before claiming the ticket. At that point no other state could try to collect taxes. Because the winning would be treated as an entity by the state it was created in and not you as an individual it doesn't matter where you live. This is assuming the state you purchase in has no taxes and allows it to be claimed by a trust.
Jul 28, 2023, 10:37 pm - SoCola - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
Its my understanding you can use 30% off the top to create a non profit. That would be 227,160,000. Then total federal taxes would be 196,114,800. Your personal amount would be 333,925,200. But you would also have the $227... avail for charitable causes for a total of 561,085,200. If thats correct you could save almost 100 million in taxes.
Aug 7, 2023, 10:28 pm - SoCola - Lottery News

$1.55 BILLION: Biggest Mega Millions jackpot ever to be drawn TuesdayReply
Let's be honest here. You have a better chance of winning the lottery than taxes going down. Another thing to consider, federal taxes are due to go up about 2.6% in 2026. And, unfortunately, I live in Taxachusetts where they just increased the income tax rate from 5% to 9% for those that earn $1 million+ per year.
Aug 7, 2023, 10:31 am - DDBagger519 - Lottery News

One Michigan lottery ticket wins $842.4 million Powerball jackpotReply
The lottery in America is considered one of the most unfair lotteries. Firstly, there are high taxes, a 40% deduction from the prize for the 'Lamp Sum,' state taxes, and on the other hand, in many cases, lottery winners lack any contribution to the country's growth and development. If you look at the list of lottery winners, none of them are recognized as scientists, researchers, inventors, or entrepreneurs. Unfortunately, the lottery often favors those who shouldn't, and this is fundamentally u
Jan 4, 2024, 6:51 pm - Albert4433 - Lottery News