Powerball Jackpot Winner Will Get a Hefty Tax Bill

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

Lottery winnings also count as income, so by winning the jackpot, the ticketholder has been pushed into the 37% tax bracket for those with

usa virginia lottery Federal taxes: $ million; Take-home: $538 million The total federal tax rate, however, is higher Tax experts say exact tax amounts can't

usaha 138 slot For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in