How are you taxed when you win the lottery?

Query by Les: How are you taxed when you win the lottery? How are you taxed when you win the lottery? I know 28% must be withheld from your winnings for federal income tax functions, but are you also subject to an extra 39% for currently being in the millionaire tax bracket? The way I recognize it is that the 28% counts in direction of you 39% tax bracket so you would only require to shell out an further 11%.... An individual explain please. @tro Can you go into far more depth? What am I searching at right here a 39% tax for the year or a 67% tax? Finest solution:
Reply by tro
you are not taxed individually on the winnings it is integrated in your gross cash flow, it could improve your total which will enhance your tax price but it is not dealt with separately