Oregon's lottery winner is a billionaire before taxes; how much will

how much do they take out of lottery winnings
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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

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,

how to beat the casino slot machines Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

how to win money on slot machines No, winnings are taxed at a flat rate of % They are not taxed at the tax slab rate of the individual Q- When will awards be tax-free?