How a $77 Million Lottery Jackpot is Taxed 

Loser: I WIN THE LOTTERY YEAH! Uncle Sam: *We won

How greedy the TAXMAN in America to take half of his winning without breaking a sweat. They should be ashamed of themselves.

The IRS is the real winner of the lottery.

Wtf? There has gotta be a loop hole some way somehow.

Is that every year or?

113mil, they already withhold a significant portion of it if you take the lump sum, that's where the 77 million comes from, so why are they taking an additional 37%?I mean nevermind the fact that the 16th amendment was never legally ratified and the law literally does not exist.

Would I have to pay 37% every year until all the winnings are gone?

The government wins every single one of the jackpots

It’s different taxes when you claim with a Trust or Holding company

And then you have to pay more taxes on that $40 million when you do your taxes. Since it’s earned income. Or am I incorrect?

Yearly tax ? What if the money is out into a trust?

😂😂😂😂😂

😢😢😢😢😢😢😢😢😢

Ok

Why do people think they can keep it and not pay taxes? YOU PAY YOUR TAXES PEOPLE!!