How Much Tax Will You Owe On A $ Billion Powerball Jackpot

What would the $ billion Powerball jackpot's tax bill be in taxes on $2 million dollars lottery winnings The IRS automatically takes a 24% share of your winnings as tax money, Kentucky Lottery spokesperson Jennifer Cunningham confirmed to the Herald taxes on lottery winnings canada The top tax bracket for the highest earners in this country — which is where winning the lottery would bump the winner — has a 37 percent tax

taxes from lottery winnings Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,