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Ed Johnson
Ed Johnson, Tax Preparer
Category: Tax
Satisfied Customers: 10760
Experience:  GPHR Cert; U.S. Treasury Tax Advocacy Panel appointee
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if i won the Michigan lottery for $250,000 how much

Customer Question

if i won the Michigan   lottery for $250,000 how much would i recive after taxes?
Submitted: 10 years ago.
Category: Tax
Expert:  Ed Johnson replied 10 years ago.


In Michigan a 25% federal tax will be withheld as well as a 3.9% state income tax.

So after taxes you will receive approximately: 177,500 dollars.


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