Florida lottery ticket hits $ billion jackpot, nets $ million

5 million lottery after taxes
➡️【Mk.com】✅भाग्यशाली महसूस कर रहे हैं? ✅कैसीनो में विश्व स्तरीय कैसीनो, पोकर गेम और स्लॉट मशीनें आपका इंतजार कर रही हैं। 

He claimed his winnings at lottery headquarters on Wednesday and chose the lump sum reward of $600,000 He walked away with $429,909 after taxes

$ billion * = $944 million The default federal withholding is 25% So $944 million * = $708 million

5 star knockout slot The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

5 digit dc lottery Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no