SOLUTION: Suppose a married couple won the Mega Million and took it as a lump sum of $345,000,000. What is the federal income tax on their winnings?
If Taxable Income is Over $470,7000 Bu
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If Taxable Income is Over $470,7000 Bu
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Question 1187498: Suppose a married couple won the Mega Million and took it as a lump sum of $345,000,000. What is the federal income tax on their winnings?
If Taxable Income is Over $470,7000 But Not Over ------ The Tax Is $131,628.00 Plus 39.6% Of the Amount Over $470,700 Answer by ikleyn(52790) (Show Source):