States With the Highest Powerball Taxes
States With the Highest Powerball Taxes
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Winners may move to a new income tax bracket for the year — and their tax rate can more than triple Taxes are deferred until payouts are received Winners
Lottery winnings are taxed the same way as ordinary income See here for exact details Note that you would not pay the top tax rate on ALL of tax and a 4% state tax in Ohio, you could only take home around $360 million, according to a Ohio Lottery tax calculator If you take the 30
ss400 lottery result With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get
