Why the winner of the $ Mega Millions jackpot would take home
Taking the lump sum will also mean you will be in the highest band of tax income As of 2020, you'll likely owe the IRS at least 37% in taxes
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Let's say you win and decide that the smaller lump sum is plenty, opting for the one-time payment Then, you're immediately going to be saying
why does my lottery ticket say see retailer The Illinois Lottery pays Lotto, Mega Millions®, The cash option is the current market value of the prize, paid in a single lump sum, less the required