Lump Sum or Annuity for Lottery Winners?

New Missouri law makes it a crime to reveal lottery winners missouri lottery tax Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling missouri lottery pick 3 & 4 The highest federal tax bracket of 37% is assumed for this example because Mega Millions jackpot winners will immediately fall into this category We assume

missouri lottery pick 3 and pick 4 If you're a California resident and purchase your ticket there, you pay the 37% federal tax rate But you're in luck because California doesn't