Powerball lottery jackpot: Here's how much you get after taxes

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If you live in a state with no income tax , you Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

high stakes poker download While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding Heifer's N Convenience Store sold the only jackpot-winning ticket The winner will get over $10 million before taxes