2022 tax rates now published at USA Mega

Reply #6

AuntBea1 — Tue, 11 Jan 2022 21:37:16 GMT

Glad North Carolina came down.

Thank you for info.

Reply #5

grwurston — Tue, 11 Jan 2022 21:19:04 GMT

They take out the same for anything over $600. Nice to see some states came down though. Mine stayed the same. 8.75%

Thanks for the update

Reply #4

grwurston — Tue, 11 Jan 2022 21:14:45 GMT

Not as high as NY.

Reply #3

hearsetrax — Tue, 11 Jan 2022 20:39:10 GMT

Reply #2

CDanaT — Tue, 11 Jan 2022 20:13:53 GMT

WHOA !!!!! 10.75 % tax on lottery winnings ??? JAYSUS !!!!! No wonder DC is considered a cesspool. Talk about greed and legalized theft.

Reply #1

hearsetrax — Tue, 11 Jan 2022 15:50:26 GMT

Thanks, Todd

2022 tax rates now published at USA Mega

Todd — Tue, 11 Jan 2022 15:36:28 GMT

Both the federal tax rate brackets and the state income tax rates used for the Powerball Jackpot Analysis and Mega Millions Jackpot Analysis pages at USA Mega have been updated to the latest 2022 rates.

Federal tax bracket changes happen every year, with the IRS adjusting each bracket upwards slightly to account for inflation. For a lottery jackpot winner claiming millions in income this results in a minuscule change in taxes paid, but the adjustment at USA Mega does make it exact.

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