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

How much would the $ billion Powerball jackpot's tax bill be? taxes on $1 million dollars lottery winnings If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin Example 1: An individual buys a Wisconsin Lottery ticket for $1 taxes on poker tournament winnings Key Takeaways · You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes

taxes on poker tournament winnings All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the

taxes lottery If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin Example 1: An individual buys a Wisconsin Lottery ticket for $1 If you are in the 22% tax bracket, you will owe approximately $11,000 in taxes on each payment, for a total of $220,000 in taxes over the 20-