Here's the tax bill for the winning $ Mega Millions ticket

Lottery Tax Calculator: How It Works, What You Owe texas lottery tax calculator While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding texas holdem poker on facebook A sole winner in Texas who took the cash option would take home $392,768,000 after paying $124,032,000 in federal taxes

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