CA or AZ? The $ billion Powerball jackpot's tax bill depends on

CA or AZ? The $ billion Powerball jackpot's tax bill depends on california lottery tax rate Lottery Voters ' Radio and Television Network Initiative Statutory Tax Indexing Jan 15 , 1981 129 Lotteries April 2 , 1982 8411 Lotteries california lottery powerball numbers Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

california lottery powerball numbers The Golden State does not have a tax on gambling winnings per se Profits are simply treated as ordinary income Players can use the tax

california lottery scanner California law prohibits the imposition of any state or local tax on the sale of lottery tickets or shares of the lottery, any prize awarded by the Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,