if I win the CA lotto what percentage will I take home??

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if I win the CA lotto what percentage will I take home??

2007-03-01 08:36:18 · 3 answers · asked by Anonymous in Games & Recreation ➔ Gambling

3 answers

Taxes will take approximately 50%.

I hope you win though! Good luck!

2007-03-01 08:41:00 · answer #1 · answered by Lisa the Pooh 7 · 0⤊ 0⤋

If you take it over 26 years you would get ten million two hundred sixty nine thousand a year. There is no state tax but the Feds will get you for 33 to 39%. If you take the lump sum of the 267 million you would get One hundred thirty three million five hundred thousand with the same percentage of Federal taxes that the Congress will give themselves their annual five thousand dollar a year raise with.

2007-03-01 09:19:50 · answer #2 · answered by ohbrother 7 · 0⤊ 0⤋

Are you going to do lump sum or over 20 years?

2007-03-01 08:43:31 · answer #3 · answered by csucdartgirl 7 · 0⤊ 0⤋