How much money will you get after taxes if you win the Powerball

Taxation of Lottery was done under two tax brackets 12% and 28% Goods and Services Tax is a destination based tax It is one indirect tax for the whole

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

how late can i buy a lottery ticket Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of

how long does it take to set up a trust for lottery winnings When you begin selling those investments and making profit, you might have to pay tax The rate you'll pay is either 10% or 20% It's 10% if you are a basic