How much would the $ billion Powerball jackpot's tax bill be?

Taxation: The Taxman Cometh: How Lottery Winnings are Taxed federal lottery tax The good news is there is no income tax on lottery winnings here in California California is one of the eight states that does not require federal tax lottery winnings There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts

federal tax rate for lottery winnings Pennsylvania withholding is required on such prize payments whenever tax is required to be withheld for federal income tax purposes The tax is required to