Winner Of $ Billion Lottery Gets $ Million After Tax
Winner Of $ Billion Lottery Gets $ Million After Tax
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Taxes take a big bite out of your winnings According to the USA Mega analysis, the annuity would pay out $ million after federal income
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 In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal
m.2 ssd slot on motherboard That's because when anyone wins the lottery, the IRS withholds 24% of the winnings off the top With a large jackpot, if the winner opted for the lump sum cash Winnings from lottery and gambling activity must be reported on your tax return and are fully taxable by the IRS and most state governments The
