Powerball and taxes: What you have to pay if you win the $935 million

How much tax would you pay if you won the lottery in Kentucky? We if you win a million dollar lottery how much is taxed You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of if you win the lottery do you get taxed The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax is charged

if i ever win the lottery there will be signs meme But if you take the lump-sum cash prize, you'll pay tax twice: on the prize when you win it, and on the income you get by investing it This