Question:

Would you have to pay tax on the money if you won the lottery jackpot?

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Would you have to pay tax on the money if you won the lottery jackpot?

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  1. In the US, it would land you in the 50% tax bracket. If you won $1,000,000, Uncle Sam is entitled to $500,000.


  2. yes, it's like 30%

  3. no - but you pay tax on any interest earned

  4. Yes, you have to pay A LOT of taxes on winnings.

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