right now the mega millions is around 370 million dollars, if i win, how much will they take off from taxes? does it matter if you're married or single?
2007-03-06 11:48:57 · 4 answers · asked by calle trece 3 in Games & Recreation ➔ Gambling
It's really complicated. You'd need a CPA. Yes it matters if you're married, and it matters how much money you earn, and charity, and other things. Plan on about 33%.
2007-03-14 09:48:58 · answer #1 · answered by LadyLynn 7 · 0⤊ 0⤋
A little less than half, but who cares if you win, the rest will last
you for generations to come.
2007-03-06 11:53:59 · answer #2 · answered by EVEI 6 · 0⤊ 0⤋
All prizes are subject to Federal income taxes and other offsets required by law. However, there are no state/local taxes.
2007-03-06 11:55:40 · answer #3 · answered by Anonymous · 1⤊ 0⤋
if u win can i have some money please
2007-03-06 11:52:34 · answer #4 · answered by MS32291 4 · 0⤊ 1⤋