How much $1B Powerball winner takes home after taxes

what percentage of lottery winnings go to taxes
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Lottery winnings and Gift Tax ; Number of years between giving the gift and you passing away, Rate of Inheritance Tax to be paid ; 0-3, 40% ; 3-4

The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also

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what is equity in poker The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that