How much $1B Powerball winner takes home after taxes

how much lottery after taxes
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After taxes , he cleared $ million He bought his ticket while picking up his regular coffee and biscuit at a gas sta- tion around the corner from

If you are not a resident, you will typically have a flat 30% federal withholding, and state taxes may differ from what is listed above Consult with your However, that's not all Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax

888 online poker review How do lottery taxes work? ; 10% $0 to $11,600 10% of taxable income ; 12% $11,601 to $47,150 $1,160 plus 12% of the amount over $11,600 ; 22 The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in