Search

Winner of $95 million Lotto Texas lottery jackpot gamed the odds to winReply
the jackpot would actually be worth $57.8 million. ... there is a top federal income tax rate of 37%. That cuts the cash value amount to around $36.4 million. After spending almost $26 million on every possible number combination, that leaves the purchasing group with a $10 million profit If you spend $26 million in tickets the taxable income from winning $57.8 million is $31.8 million. If you pay 37% tax on every dollar of that you're profit is a hair over $20 million. If it was all taxed
Apr 30, 2024, 1:27 am - KY Floyd - Lottery News