How much $1B Powerball winner takes home after taxes

how much after taxes lottery
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The winner may also face additional taxes from their state of residence, as some states like New York tax lottery winnings at %, while

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 tax by the promoters of the lottery within fourteen days after the drawing of the lottery It is considered that no regulations will be necessary if the

pa lottery cash 5 winning numbers 10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30 When you win a trip, you are taxed on its fair market value Depending on the sort of holidays you take, the taxes might be as much as you'd normally spend on