What is the tax rate on the $1 billion Powerball jackpot?

1 billion lottery winner after taxes
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Because the federal government counts lottery winnings as income, the winner could be moved into a tax bracket facing a tax rate as high as 37%, billion ahead of Saturday night's drawing after a record streak with no jackpot winner 1 in million, according to Powerball

escala de poker texas holdem 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 “I am born in Laos, but I am not Laotian,” Cheng “Charlie” Saephan said at a news conference after his win “I am Iu Mien ” lotto lottery