California State Lottery
California State Lottery
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How Much Are Lottery Winnings Taxed? · 24% withheld from $930 million = $232,200,000 · Additional amount you need to pay with a 37% tax rate: $111,900,000 · Total
Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments California: No state tax on lottery prizes Your average net per year: $1,175,812, Your net payout: $16,358,812 After 30 payments: $35,274,360 Annuity Payment
promo member baru slot The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require California does not tax lottery winnings The winner has to be a California state resident to qualify for this exception If you're not a
