Powerball Taxes Calculator

lottery take home after taxes
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lottery take home after taxes After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million Marginal tax brackets for tax year  The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn   There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

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