How are Lottery winnings taxed?

How much money will you get after taxes if you win the Powerball what is the federal tax rate on lottery winnings If I won today's $550 million jackpot, I'd pay 24% in federal taxes, plus 4% in state taxes What they're saying: It's difficult what does call mean in poker Depending upon the amount of your winnings and the type of gambling, the establishment or payer may be required to withhold income taxes In general, 24% of the

what is a loose cannon in poker So, for instance, if you make $42,000 annually and file as single, your federal tax rate is 22% If you win $1,000, your total income is $43,000, and your tax