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| *Business questions>>>Taxes Questions |
What is the maximum percentage of taxes one has to pay the IRS on a multimillion dollar lottery win? |
Question: Im not referring to how much is withheld or how much you have to send in within so many days of winning but the total percentage, if you have no deductions such as children, medical expenses. What is the maximum % of federal taxes one could have to pay. Answer: Others have already stated that 35% is the highest Federal income tax rate. I included a link the the IRS tax rate schedules. |
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