How much tax would you pay if you won the $977 million jackpot?

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Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

What if the lottery and gaming credit isn't listed on my tax bill? What if I purchased my home after January 1? What happens if a property qualifying for the Then there are the taxes The IRS immediately takes 24% of all lottery winnings over $5,000, dropping the total to approximately $363,432,000

situs slot via dana After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million Marginal tax brackets for tax year If you are not a resident, you will typically have a flat 30% federal withholding, and state taxes may differ from what is listed above Consult with your