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It's been nearly a week since the $1.35 billion Mega Millions jackpot found its match in a single ticket in Maine, but no one has come forward yet to claim the life-changing prize.
The Tuesday draw for Mega Millions did not result in any winner again, which means the jackpot shot up again as it will now be worth $1.35 billion. However, with such a large prize, this begs the question, how much will the winner have to pay the IRS?
Some Twitter users calculated what the value of the Mega Millions jackpot would be after taxes — and the results are disappointing for winners, but good news for the IRS.
CLAIM: The IRS would collect nearly $850 million in taxes from a more-than $1 billion Mega Millions jackpot. AP’S ASSESSMENT: False. The winner of the lottery jackpot that currently sits at $1.1 billion would expect to pay at least $135 million in federal income taxes if they choose to receive their earnings all at once, rather than over 30 years, according to a lottery official.