Oregon's lottery winner is a billionaire before taxes; how much will

After all, the federal income tax rate goes up to 37%, and you can assume that the winner is in the top 37% bracket Well, many hundreds of

income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the

federal tax for lottery winnings When it comes to lottery prizes, the first thing that happens after you turn in that winning ticket and get your lump sum is that the federal

federal lottery tax rate federal tax and $500 state tax) and your check or deposit would be $7,100 Exception: If you win a Hot Lotto jackpot, the Lottery will pay the initial