If you win the $630 million Mega Millions jackpot, here's the tax bill

massachusetts lottery tax
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Why play the lottery in Massachusetts where taxes, including the new 'millionaires tax,' cost you an extra 9%? the narrator says Instead,

Two Massachusetts residents claimed $1 million before taxes this month, one won from Powerball, and the other won from a scratch-off ticket  Massachusetts numbers game Mathematical Intelligencer 3:166–172 Ciecka, James, Seth Epstein, and Anthony C Krautmann 1996 State lotteries and

poker room houston The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that 3402 Payments of winnings from slot machines, keno, and bingo played at licensed casinos that meet the Massachusetts threshold are subject to state