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To: TruthWillWin

No state income tax on CA lottery ticket winners. He will have $600,000+. Barry “The Mountain Renamaer” Obama will get his cut.


14 posted on 08/31/2015 3:21:19 PM PDT by BigEdLB (We need to target the 'Ministry of Virtue' on Iranian bombing runs. It is not vituous)
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To: BigEdLB; TruthWillWin; NRx

If he is single:

$119,996.25 plus 39.6% of the amount over $413,200

If married:

$129,996.50 plus 39.6% of the amount over $464,850

So his tax will be in the $350K region, and he will keep $650K. This example disregards his other income.


20 posted on 08/31/2015 3:27:09 PM PDT by proxy_user
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