How much taxes take from the $ billion Powerball prize

How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners

The federal government will immediately take $142,824,000 from that cash option Remember, the rest of your federal tax bill comes next

how to play poker intermediate poker strategy The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also

how do you split the pot in poker Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax