How much money the $ billion Powerball winner will actually get

IBP USA Substantial Tax Relief on Profits lottery win

The federal tax rate that is paid as a non-resident winner is 30% on payouts above USD $600 The state tax can vary slightly as they are set locally US taxes

taxes on poker tournament winnings In addition to federal taxes, most states tax lottery winnings New Jersey is among the highest state tax rates ultimately taking % of the

tax on lottery winnings If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get