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by Santaanacanyon on July 18th, 2003

Santaanacanyon

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If I should win the lottery, how much of the money do I actually get to keep...after taxes?

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  • by d5kenn on September 6th, 2003

    d5kenn

    Not accounting for inflation over the payout period, it depends on the federal and state tax rates charged. Federal is ~25-28%, state varies from 4-8% IIRC. In general, the rule of thumb is that you get more than half and less than two-thirds.

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