How much of the $ billion Powerball jackpot is left after taxes?
How much of the $ billion Powerball jackpot is left after taxes?
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Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts,
Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30% The lottery automatically withholds 24% on all prizes over $5,000 for federal taxes For a $1 billion lump sum, that would be $240 million Note
bigger bass bonanza slot Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax These Eight States Won't Tax Your Mega Millions Jackpot Winnings · These 8 states don't tax lottery winnings · Wyoming · Washington · Texas
