How much of the $ billion Powerball jackpot is left after taxes?

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But after federal taxes — amounting to more than $13 million — the net total per year would be around $23 million It's important to note that

Minimizing Lottery Jackpot Taxes ; Paid Out in Year 1, $1,000,000, $50,000 ; Taxes in Year 1, $370,000, $11,000 ; Total Taxes Paid, $370,000, $220,000 ; Tax Savings The winner can also choose the cash option of $621 million The jackpot had last been won on Jan 1 when a lottery player in

chumba casino slot games Winners who opt for cash would be paid $ million The prizes would be subject to federal taxes, and many states also tax lottery winnings  With a federal tax rate of 37%, a Mega Millions winner would pay a total of $ million in federal taxes and pocket $ million by 2051 if