Mega Millions total taxes?
Asked by: epondel
Okay it’s time to dream. The jackpot is now half $ 1 billion. I live in new York. I know the lump sum is less and then 33% is taken out for federal and state taxes off the top. Will I owe any more tax after that? Of course this is all only if I win but a guy can dream right? Not that I’m complaining but I’m curious how to reduce the tax liability after withholding