Three of the ten largest lottery jackpot winning tickets in US history

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The winner of the lottery jackpot that currently sits at $ billion would expect to pay at least $135 million in federal income taxes if they

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 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

dead mans gold slot Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no TAX GUARD NO TAXATION WITHOUT QUALI- FIED REPRESENTATION AND DESIGN TAX LOTTERY COMMISSION , MULTIPLE CLASS , , (