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

Taxes on Lottery Winnings in UK tax rate for lottery winnings If you are a resident of New York City or Yonkers, the prize payment is also subject to city withholding at the city's highest effective rate of tax To taxes on lottery winnings calculator If your winnings are reported on a Form W-2G, federal taxes are withheld at a flat rate of 24% If you didn't give the payer your tax ID number, the withholding

tax rate on lottery winnings For the purpose of income tax these games are a game of chance and are taxed at flat 30% rate plus cess, etc Nonetheless there are some things