Win $1 Billion Mega Millions Jackpot, Pay Extra 13% Tax, Beware Claims

The Mega Millions jackpot has risen to a $1.02 billion, up from $810 million. With eye-popping numbers, it’s easy to get lottery mania. Winning would be great, but taxes are big too. Lottery winnings are taxed, with the IRS taking taxes of up to 37%. Curiously, though, only 24% is withheld and sent directly to … Read more