Florida woman has 1 million reasons to be happy, before taxes, after

1 million dollar lottery after taxes
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That leaves the winner with about $364,888,000 with the cash option after taxes — an embarrassment of riches, to be sure, but significantly less

Though some states do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as this jackpot  The lump sum payout is automatically taxed at 24%, meaning the winner would actually receive $ million after taxes Based on their previous

what network is bovada poker on Under Act 84 of 2016, the Pennsylvania personal income tax of percent now applies to Pennsylvania Lottery cash prizes paid after January 1, 2016  If you live in Ohio, your state tax rate for lottery winnings is % So after federal and state taxes, that leaves you with $277,906,812