How much $ Powerball winner takes home after taxes
How much $ Powerball winner takes home after taxes
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax
Q: Are lottery prizes subject to taxation? A: Effective August 13th 2018, lottery winnings are subject to taxation ; Q: What is the rate of tax? A: Ten percent Tax treatment of winnings Winnings received are not taxable as they are windfalls and not considered as an income You do not need to declare
tiki torch slot machine jackpot Federal taxes are the same for everyone Winnings are taxed 24% upfront, although the total tax bill will almost certainly be 37% when you So, when you take the cash option, you will end up with $294,251,812 after federal taxes Now it is the state's turn State tax rates on lottery
