Here's what the $1 billion Powerball winner could owe in taxes

After federal taxes, you'd be left with $ million Then there are state taxes, which range from zero to more than 8 percent depending on

New Yorkers, for example, could see their winnings taxed at up to % or more, depending on where in the state they live Only a few states —

us diversity lottery That's because lottery winnings are generally taxed as ordinary income at the federal and state levels In fact

us poker online Include gamblinglottery winnings on the line for Alimony and other taxable income on the MI-1040CR, MI-1040CR-2, or MI-1040CR-7 Follow us