What is the tax rate on the $1 billion Powerball jackpot?

A mandatory federal tax withholding of 24% will be applied to the lump sum, leaving the winner with $ million Depending on the winner's

In Massachusetts, any lottery prize over $600 is taxed at 5% If someone reports an income over $1 million, that triggers the additional 4% “

taxes lottery The price of one ticket is EUR 5 Because a total of 1,000 tickets are sold, the realised sales price of all tickets is EUR 5,000 Lottery tax

taxes on lottery winnings canada Surcharge equals 15% of the income taxes paid if the amount is greater than one billion, one hundred million, or one million 1,50,000 in