California ticket holder scoops $2bn jackpot in biggest lottery payout

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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

Your state will tax the winnings too, unless you live in a state that does not impose a state-level income tax Taxes on Lottery Winnings, Raffles, Charity Powerball history behind a $ billion jackpot won in California last year You'll also see more taxes are withheld if you select the lump

michigan four digit lottery Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning Who won biggest lottery jackpot ever? How much did they actually win, was it cash option? · After taxes, $ billion Powerball lottery winner