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Your Mega Millions jackpot turns into mini-millions once you pay the tax man - CNBC

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POSTED BY:
Lotto Man

DATE:
07/08/2016

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Lottery winnings are taxed as ordinary income. "If they win the jackpot, they're going to be subject to the highest federal tax rate of 39.6 percent," Melissa Labant, director of tax advocacy for the American Institute of Certified Public Accountants ...

Read More:
http://www.cnbc.com/2016/07/08/tallying-the-tax-bill-on-a-540-million-mega-...

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