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

How much would the $ billion Powerball jackpot's tax bill be? how much does the lottery tax Lottery winnings and Gift Tax ; Number of years between giving the gift and you passing away, Rate of Inheritance Tax to be paid ; 0-3, 40% ; 3-4 how to claim lottery You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of

how to claim lottery The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

how long does it take to get lottery winnings 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 In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if