What is the tax rate on the $1 billion Powerball jackpot?

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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

billion Powerball ticket: Oregon Lottery The ticket was the fourth-largest Powerball jackpot in history ByLeah Sarnoff April 29, 2024, 1:58 PM 1:36 Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

slot deposit via gopay The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an billion and was claimed on July 19 by one com revealed the winner of a $ billion jackpot would see $405,568,045 after federal taxes