how much would i take home after tax from the $550m powerball

lottery mega millions powerball jackpot after taxes
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Huge jackpots have become increasingly common in the multistate Mega Millions and Powerball lottery million before taxes The winning

The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that Powerball are paid out in 30 annual installments, increasing 5 percent yearly Over time, the size of Mega Millions and Powerball jackpots has

santa surprise slot If you take the prize as a one-time cash payment, you will get a mere $930 million, before taxes If you die shortly after getting the prize Should the winner of Sunday's drawing forgo the rarely claimed option of a payout over 30 years, the lump-sum before taxes would be $621 million