How much money the $ billion Powerball winner will actually get
However, there are 13 states that do not collect taxes on residents' lottery winnings California, one of the states that doesn't tax winnings
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How Much Are Lottery Winnings Taxed? · 24% withheld from $930 million = $232,200,000 · Additional amount you need to pay with a 37% tax rate: $111,900,000 · Total
how do you play slot machines Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax