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

do you pay taxes on lottery winnings every year
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Based on the income tax slab, it is computed every financial year What is lottery winnings are taxable Income Tax Rates Individuals with an

A winner who chooses the annuity option would receive an initial payment and then 29 annual payments that rise by 5% each year Opting for an

dom slot The tax must be withheld by the Lottery Department on the date of actual or constructive payment, whichever is earlier, as defined in federal Treasury

does a flush beat a straight in poker The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600