The Morning After: Tax Planning for Lottery Winners

$2 billion lottery winner after taxes
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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

To put those odds in perspective, lottery officials note that after a win Those prizes will be subject to federal taxes, and many states also What are the lump sum lottery winnings after taxes? The federal tax on the lottery is determined by the federal marginal rates, which is 37 percent in the

slot demo wisdom of athena Jack Whittaker faced similar decisions in 2002 when he won Powerball's $314 million jackpot after borrowing $2 to Archived post New comments cannot be posted and votes cannot be cast A majority of the drop from $2 billion to $628 Million is in talking