What would the $ billion Powerball jackpot's tax bill be

taxes on $2 million dollars lottery winnings
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The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in

taxes on lottery winnings texas In total, 36 states impose taxes on lottery winnings The 36 states and their corresponding lottery tax rates are · New York Maryland (

taxes on 1 million lottery Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,