How much would the $ billion Powerball jackpot's tax bill be?

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If you win the Powerball and take the lump sum payment, right away, nearly a quarter of it is withheld for federal taxes And you're not off the

after taxes Although federal and state taxes can significantly reduce lottery winnings, there are some benefits to taking the lump-sum payment  How much would the winner of the $ billion Powerball jackpot get after taxes? Depends on where they live Federal taxes and State

gold rate in gangtok Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $575,016,000 You don't have to win the big jackpot to owe lottery taxes Your winnings are considered taxable and are added to your ordinary income when