How much tax can they take if I win $1 million from the lottery? And what type of account can I deposit the money in?
Md Ariful Islam
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,
এমবিএ(মার্কেটিং)
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Dr. Md Rushad Rahman
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পিজিটি(মেডিসিন)
It depends on where you live and which lottery you're playing. Suffice it to say that you'll pay in total taxes somewhere in the neighborhood of 50% of your winnings. The rest of the winnings are yours to do with as you wish, meaning you can put them anywhere.
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