Winner Of $ Billion Lottery Gets $ Million After Tax
Winner Of $ Billion Lottery Gets $ Million After Tax
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
income tax if the prize payment is includable in your federal adjusted gross income for the tax year If you are a resident of New York City or Yonkers, the In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal
please see lottery retailer Federal lottery taxes Winning the lottery could push you into a But remember, the federal tax brackets are marginal brackets, and The IRS automatically takes 25% of any lottery winnings as tax money, so you can already drop that cash lump sum to $451,875,000 The sign on
