How much would the $ billion Powerball jackpot's tax bill be?
How much would the $ billion Powerball jackpot's tax bill be?
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However, before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000 Out of the
The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries,
free coins house of fun slot freebies The top tax bracket for the highest earners in this country — which is where winning the lottery would bump the winner — has a 37 percent tax What are some tax implications of winning the lottery? · In the USA, you will owe a lot of money in income taxes · Possibly as much as half of
