how much would i take home after tax from the $550m powerball

lottery tax in california   Dan lottery sambad 29 1 2024

Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

California law prohibits the imposition of any state or local tax on the sale of lottery tickets or shares of the lottery, any prize awarded by the The California Lottery is required by law to withhold federal taxes, which can vary based on the state the winner lives in At the very least,

lucky lady slot machine online Your total annual payment in California would be about $32,587,045 post federal taxes After 30 years, this makes your total jackpot They will also have to pay additional taxes as the large sum of money will put them in the US' highest federal tax bracket of 37 percent, online