Categories: Entertainment, Featured, Personal Finance
…I will pay a boatload in taxes.
The Mega Millions jackpot has reached a record high of of $640 million, shattering the previous U.S. record of $390.
Coworkers are pooling money to buy tickets on their lunch breaks, local liquor stores and bodegas are crowded with anyone feeling even remotely lucky, and Twitter users are fantasizing about blowing the money on everything from classic cars to cupcakes to AK-47s.
But no matter who is lucky enough to win the money, there’s one sure thing they’ll be spending it on: taxes. Before you start training those baby snakes to kill Congressmen, you’ll have to pony up to Uncle Sam a pretty hefty chunk of change.
The federal tax rate … Read more...