I Won the Lottery! How Bad Are Taxes Going to Be?

1 million dollar lottery after taxes
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Yonkers withholding taxes? A: All prizes won on or after October 1, 2000, are subject to New York State withholding tax if the proceeds exceed $5,000

Oklahoma has a % state tax withholding, so the winner of the $170 million jackpot would receive about $162 million dollars after tax, while Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

las vegas world series of poker tax withholding and the winner likely will owe millions more The chances of winning Powerball's grand prize are 1 in about 292 million  The lump sum payout is automatically taxed at 24%, meaning the winner would actually receive $ million after taxes Based on their previous