How much money do BILLION dollar lottery winners actually take

american lottery tax
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The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

How much are lottery winnings taxed ? Lottery winnings are subject to federal income tax at a rate of 24%, and some states may also impose their own tax on The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be

poker in red dead redemption 2 As most lottery jackpot winners do, the victorious group opted for a single lump sum, which amounted to $422m after taxes It undoubtedly stands The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn