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Tax on Winning Game Shows & Lotteries

Tax on Winning Game Shows & Lotteries

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taxes on $2 million dollars lottery winnings
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When a national lottery jackpot balloons to hundreds of millions of dollars How much are lottery winnings taxed? If you win nearly a billion dollars in

The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in How the $2 billion Powerball jackpot winner should protect their newfound wealth Your dollars will be transformed into news, shows, and more

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