Here's how much you pay in taxes on a Texas Lottery win

Though there are some states that do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as

Here's how much you pay in taxes on a Texas Lottery win To put those odds in perspective, lottery officials note that after a win Those prizes will be subject to federal taxes, and many states also

Though there are some states that do not have a state lottery tax withholding, they all must withhold 24% in federal tax on prizes as large as

$2 lottery The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

It took a bit longer than lottery officials wanted, but the winning numbers for the record $2

$2 billion lottery winner after taxes In 2002, Andrew Jackson Whittaker Jr , a building contractor in West Virginia, walked away with $114 million after taxes on a $315 million

The prize is subject to federal taxes and state taxes in Oregon The $ billion prize is the fourth largest Powerball jackpot in history, and