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Therefore, if you're single when you win $ as a lump sum and have a taxable income of $50,000, your total income for the current year is $1,200,050,000 In

So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

oregon lottery tax calculator “My motto is if you want to win the lottery you have to make the money to buy a ticket ” 1 Establish proof that it's your ticket · 2 Keep it on the down low · 3 Hire a team of professionals to manage your money · 4 Don't accept