What would the $ billion Powerball jackpot's tax bill be in your

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Income that is not taxable · lottery winnings and other prizes · some government grants and payments · child support · the tax-free portion of your redundancy

With a federal tax rate of 37%, a Mega Millions winner would pay a total of $ million in federal taxes and pocket $ million by 2051 if After calculating your net winnings, the first thing the IRS will do is take 25 percent of your prize money for taxes This 25 percent is

napoleon boney parts slot The CT Lottery is required by law to report and withhold federal income tax on all gambling winnings valued at more than $5,000 (Under certain Lottery winnings are considered income and, like most other forms of income, are subject to taxation The Internal Revenue Service