How A Couple Won $26 Million Using A Lottery Loophole They

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Michigan also withholds % of the total winnings for state income tax, an $18 million deduction in this case If they choose the

For prizes over $5,000, the Lottery is obligated to withhold 24% for federal income tax and % for state income tax, according to the All lottery winnings are subject to Federal taxation (automatically reported Winning Powerball jackpot ticket worth $842 million sold at Michigan food store

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