If you hit the $750 million Powerball jackpot, here's your tax bill
If you hit the $750 million Powerball jackpot, here's your tax bill
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While Americans are generally allergic to high taxes, the high tax rates on lottery winnings haven't provoked a public outcry If you win over
That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and Opting for the lump sum will see an initial 24% federal tax withholding, leaving the winner with $ million But the tax cuts don't end
mejores cartas de poker Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in