If you win the $600 million Powerball, the tax man cometh
If you win the $600 million Powerball, the tax man cometh
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For non-resident aliens, current tax laws require that the Lottery withhold 30 percent in federal income taxes on all Lottery prizes and percent in
The lucky ticket holder can expect an automatic federal withholding of 24% and state withholding of 8%, but the final bill will be millions more The IRS withholds 25% of your winnings immediately, but you'll pay the rest of the federal income tax you owe when your taxes are next due in
lock it link diamonds slot Lottery winnings over $5,000 are subject to both federal and state income tax withholding—this is, part of your winnings are automatically paid The lucky ticket holder can expect an automatic federal withholding of 24% and state withholding of 8%, but the final bill will be millions more
