What is the tax rate on the $1 billion Powerball jackpot?

lottery tax calculator pa
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Your state will tax the winnings too, unless you live in a state that does not impose a state-level income tax The tax rate will be determined by your income

The tax is required to be withheld at the Pennsylvania personal income tax rate in effect at the time the prize payment is made The withholding requirement

lottery ticket uk According to the state's lottery, New Jersey taxes lottery prizes of more than $10,000 and up to $500,000 at a rate of 5% But since we're talking about a

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