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Mississippi Lottery!

Lottery tax, How much do I have to pay?

Everyone dreams of winning the big jackpot and having millions and millions to spend. No one dreams of ever running out of the millions or having to pay taxes on their winnings. Unfortunately, both are a reality and happen. If you plan a little and take care, you only have to live through one of those realities – paying taxes. Remember that old saying: “Death and taxes are the only two certainties in life.”

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People who lost all their lottery winnings.

Winning the lottery is a dream come true and will change your life. For many it changes their life for the better, but for some it changes their lives for the worse. All too often winners of the lottery lose all of their winnings, ending up on social security and food stamps. Going from having it all to having nothing can be a nightmare!

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How to spend your lottery money

Winning millions from a lottery Mississippi is a very lucky thing and will change your life forever. Many people have dreams of how they will spend the money but few dream of the money ever running out. Without care and responsible spending and investing the money will run out. There are far too many stories of multi-million dollar jackpot winners losing everything. How can that happen? Easily, is the answer! Unchecked spending will deplete the large windfall quickly, often in just a couple of years. Most investment bankers will tell you that you should take some of it and spend it, after all it was a lottery win, you should have some fun but don't go overboard.

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