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What Percentage of Lottery Winnings Would Be ... - Tax Foundation

taxfoundation.org/blog/what-percentage-lottery-winnings-would-be-withheld-your-state

Jan 13, 2016 ... In fact, in most states (and at the federal level), taxes on lottery winnings over $5,000 are withheld automatically. However, withholding rates ...

How Much Tax Will You Owe On A $1.5 Billion Powerball Jackpot ...

www.forbes.com/sites/janetnovack/2013/03/23/tax-on-320-million-powerball-jackpot-millions-more-than-in-2012/

Mar 23, 2013 ... 10 Steps To Take When You Win A Lottery Jackpot ... fiscal cliff tax deal raised the top federal individual income tax rate from 35% to 39.6% on ...

How Much Tax You'll Pay on Your Lottery Winnings - Kiplinger

www.kiplinger.com/article/taxes/T055-C005-S003-how-much-tax-you-ll-pay-on-your-lottery-winnings.html

Jan 13, 2016 ... Or we could move to Canada: no tax on lottery winnings, and an instant 30% pop at the current exchange rate. Weee, we're Billionaires, after ...

Tallying the tax bill on a $540 million Mega Millions win - CNBC.com

www.cnbc.com/2016/07/08/tallying-the-tax-bill-on-a-540-million-mega-millions-win.html

Jul 8, 2016 ... Lottery winnings are taxed as ordinary income. "If they win the jackpot, they're going to be subject to the highest federal tax rate of 39.6 percent ...

Taxation of lottery winnings - Dawn Hospelhorn - Accounting ...

www.dawnhospelhorn.com/taxtips/lottowinnings.htm

Depending on your other income and the amount of your winnings, your federal tax rate may be as high as 39.6%. Your lottery winnings may also be subject to ...

Income Tax on Lump-Sum Lottery Winnings | Finance - Zacks

finance.zacks.com/income-tax-lumpsum-lottery-winnings-6120.html

Lump-sum lottery winnings are taxable as ordinary income in the year the prize is won. There is no reduced tax rate for lottery jackpots. As of 2012, the top ...

How much does Georgia tax lottery winnings? - AJC.com

www.ajc.com/news/news/local/why-georgia-one-worst-states-lottery/np5KG/

Jan 14, 2016 ... While all states (except California, Delaware and Pennsylvania) tax lottery winnings, Georgia has one of the highest withholding rates in the ...

How Much Federal Taxes Are Held From Lottery Winnings? | The ...

classroom.synonym.com/much-federal-taxes-held-lottery-winnings-20644.html

When you buy a lottery ticket, you're not the only one that hopes you win. If you hit a really big ... What you owe is based on your actual tax rate. The way the tax ...

What is the tax rate for lottery winnings? | HowStuffWorks

money.howstuffworks.com/personal-finance/personal-income-taxes/tax-rate-for-lottery-winnings.htm

Winning the lottery comes with new pleasures as well as new taxes. Learn all about the tax rate for lottery winnings at HowStuffWorks.

How Much Tax Do I Pay If I Win the Lottery? - Budgeting Money

budgeting.thenest.com/much-tax-pay-win-lottery-25827.html

In the event of a win all of the taxes due on the prize money must be paid before ... The standard federal percentage for lotto winnings was 35 percent as of 2012.

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You won the $1.5 billion Powerball! Here's your tax bill - Jan. 8, 2016

money.cnn.com

Jan 8, 2016 ... Anyone who wins the billion-dollar jackpot will have a massive tax bill. ... the highest lottery tax rate anywhere in the nation, since the city also ...

How Much Will You Pay in Taxes If You Win the Powerball Jackpot ...

time.com

Jan 12, 2016 ... The lottery only withholds 25% of Powerball jackpot winnings, but when state and ... Why the Fed Will Stick to 'Low and Slow' on Interest Rates in 2017 .... Most stories about lottery prize taxes highlight a federal income tax ...

Powerball $415M jackpot has a big tax bite - CNBC.com

www.cnbc.com

May 6, 2016 ... Lottery winnings are taxed as ordinary income. "If they win the jackpot, they're going to be subject to the highest federal tax rate of 39.6 percent ...