figure between 20-33% depending on state, local, and federal taxes.
About half of it, once you include Taxachusetts taxes as well.
You would probably lose about a third of the prize money.
if you take the lump sum you would get half the listed prize after taxes
i think 40%, which is equal to 22.4 mil. which means u would be able to keep 33.6 million of your 56mill prize
The gift that keeps on taking.
Depends on who is your financial adviser. If you have a bad one then after awhile nothing is left but bills bills and more bills.
A good one then it will probably set you back 25% ( then 10% commission and, and, and)
Winning money costs a bundle.
After all the taxes to the feds and state, you get to spend the rest taking your family out to eat at Taco Bell. OK, seriously, a good sound ballpark figure wouold be that you would keep about 40%. Ain’t America great? What a rip off. Why do we put up with this nonsense?
I wish my parents had named me “Sam”, then I could be everyone’s Uncle Sam
this all depends on your state, local and county tax rates
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