If I take 96 million in one lump sum how much will I be left with after all taxes?
The first thing you need to do is figure the actual cash value of your lottery winnings. You can do this by dividing the winning total by half. So $96 million would be $48 million in actual cash value. Then you would pay 25% of that amount in federal taxes, so you would pay $12 million to the feds, plus whatever your state's tax rate is for winnings. ChaCha!
Answered by Jonathon C. -
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