$ billion Powerball jackpot: What is the tax bill in Ohio?

Before getting your winnings, you'd have to pay a 24% federal tax withholding, which the IRS requires for winnings over $5,000, CNBC explains

Winnings from lottery are flat taxable at the rate of 30% under income tax act, 1961 · The basic exemption limit is not available in case of

what are the chances of winning the lottery uk While no government labels its lottery as a tax, lottery profits are an implicit tax After prizes have been awarded and operating costs have

whats the lottery up to The $ billion is only if you take it over time If you want it all now, you get $ million Then, with IRS and state taxes,