Here's what the $1 billion Powerball winner could owe in taxes

what is lottery tax
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The governing lottery body withholds 24% of the prize automatically, leaving the balance to be paid by the winner, according to Lottery USA

While the IRS automatically withholds tax on US lottery winnings, they won't do the same for foreign lottery winnings That doesn't mean they

what is set for life lottery Who Benefits From the Lottery While Americans are generally allergic to high taxes, the high tax rates on lottery winnings haven't provoked a

what slot machines have the highest rtp The prize itself may be tax-free, but your windfall is not without its liabilities