Win $1 Billion Mega Millions Lottery Jackpot, Pay Mega Taxes

. Winning would be great, but taxes are big too. Lottery winnings are taxed, with the IRS taking taxes of up to 37%. Depending on whether your state taxes lottery winnings, you may have to add state taxes too. We all file tax returns, and have to pay then, but there are withholding taxes taken out of lottery winnings.

Even so, the tax withholding rate on lottery winnings is only 24%. Given the big spread between 24% and 37%, some lottery winners do not plan ahead, and can have trouble paying their taxes when they file their tax returns the year they win. There is also the cash v. annuity question. Whether lump sum or paid over time, taxes will come which ever way you take your winning. Apart from paying tax, friends, family or co-workers might claim a share of the loot.

Loop on January 22, 2021 in Chicago, Illinois. The jackpot in the drawing has climbed to $970 million, the third highest in the game's history. It might start with an innocent comment that someone says was an oral agreement. Remarks about splitting winnings can be misinterpreted. Some winners face lawyer fees for defending against the claims. The fallout from lottery lawsuits can be messy.

Crypto is my lottery ticket

If Forbes news can carry jackpot news then every big establishment is infectious to our mind. Did anyone got billion dollars by playing jackpots. Be wise.

Got mine

Please Lord. Please.

Anybody have a feeling about the winning s that youd like to share? 💰💰💰💰💰💰💰💰💰💰💰

lies

And I have the winning ticket 😎

What would anyone do with 1 billion dollars 💵 Not enough. Should be at least 2

I’m going to win the jackpot

FelipeELZ

Get ready sherylunderwood 💰💰💰 Make it rain. 🤣🤣 TheTalkCBS

Hmmm think I’ll go grab a few tickets

Easy pay the taxes don't fuss over it. Gonna be more then enough to retire & live on interest alone.

💰

WHOAH

Which I am going to win tonight.

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