Massive Powerball payout gets eaten up after taxes: See our analysis

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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

How much would you get if you won the $1 billion Powerball jackpot? · Annuity: $19,537,045 paid per year After 30 payments: $586,111,350 · Cash: How much would you get if you won the $1 billion Powerball jackpot? · Annuity: $19,537,045 paid per year After 30 payments: $586,111,350 · Cash:

new year rising slot Because the federal government counts lottery winnings as income, the winner could be moved into a tax bracket facing a tax rate as high as 37%, The jackpot has a cash value of $621 million if the winner chooses to take a lump sum rather than an annuity paid over 30 years, with an