If I won a lottery of 20 crore, how much will I get after tax deduction

taxes The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1

If I won a lottery of 20 crore, how much will I get after tax deduction calculate your total tax bill when filing your income tax the following year While lottery winnings of $600 or less are not reported to the

taxes The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1

after dear lottery result If the cash option of $ million is taken: Federal taxes: $ million; Take-home: $538 million The total federal tax rate, however, is

Since the tax withholding rate on lottery winnings is only 24%, some lottery winners do not plan ahead, and can have trouble paying their

after tax lottery calculator Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no

Over and above the Kerala lottery prize tax of 30%, and 4% cess will also be applicable This brings the effective taxation rate to % In