Lump Sum or Annuity for Lottery Winners?

2 million lottery after taxes
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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

mummy slot machine Powerball after taxes · How to use the Powerball payout calculator? FAQ For example, if the Powerball jackpot is at $100 million, the cash value would be Jack Whittaker faced similar decisions in 2002 when he won Powerball's $314 million jackpot after borrowing $2 to