| Emailthis TrendEmail | Full Article (TrendHunter.com/id/174749)

Lost Lottery Winnings Infographics
This Chart Explores Fiscal Trends Among Lottery Winners

By: Jonathon Brown (Rockstar) Nov 27, 12

Winning the lottery might seem like a dream come true, but according to this infographic by Mint.com, lottery winners don’t always come out on top.

Between 4.08% and 6.27% of lottery winners file for bankruptcy according to this infographic. In the United States, lottery jackpot figures are before tax, which means 30% of your winnings go straight back to the government. In Canada, the winning figures are already taxed so what you win is what you get. This means that in the US, if you win 68 million dollars, you’re taxed 25% federally (17 million dollars) and 4.84% on a state level ($2,468,400). That leaves you with just over 48 million dollars from a 68 million dollar pot.

These are important figures to remember before lottery winners spend the entire pot in their heads. Otherwise, you could be in tax trouble.

Source: blogs.christianpost
Readmore: mint

Related Trends:

Stacked Money Typography

Luxe Origami Lottery Ads

Mythical Creature Income Charts

Rare Ritzy Roadsters

Journey Recording Atlases

Dollar Bill Fonts

Conversing Facial Hair Apps

Scenic Aquatic Furniture

Crowdsourced Peace-Promoting Anthems

Copyright © TREND HUNTER Inc.. All Rights Reserved.