Powerball and taxes: What you have to pay if you win the $935 million

Powerball and taxes: What you have to pay if you win the $935 million lottery taxes in florida Florida - no state taxes for lottery prizes; Georgia - %; Idaho - %; Illinois - %; Indiana - %; Iowa - %; Kansas lottery ticket cake With additional taxes, you'll see roughly 37% of your prize money withheld, should you win At best, according to an analysis by USA Mega, a

lottery ticket cake taxes as payroll taxes , employee taxes , sales taxes , ad valorem taxes , lottery taxes and even a tax on beer The private sector has demonstrated a

lottery latest news For winnings under $5,000, you will have to report it to the IRS yourself Don't try to hide it Winnings and all taxes withheld on all Florida Immediately, 24% of the cash value is withheld for federal taxes It doesn't stop there — winning this jackpot would put the winner in the