Posted on Jan 13, 2016
Taxes on a Powerball jackpot could be more than $400 million
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higher by the time you read this), and the odds are good that there will be a winner this time.
If there’s only one, we will have a new member of the billionaire club. Right? Wrong, because your friendly tax collectors are silent partners in the deal. Here’s the story on all the tax hits on a huge payout.
If there’s only one, we will have a new member of the billionaire club. Right? Wrong, because your friendly tax collectors are silent partners in the deal. Here’s the story on all the tax hits on a huge payout.
Taxes on a Powerball jackpot could be more than $400 million
Posted from marketwatch.comPosted in these groups: 
Lottery
Lottery
Posted >1 y ago
Responses: 5
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SFC Joe S. Davis Jr., MSM, DSL
SGM David W. Carr LOM, DMSM MP SGT you are absolutely right! Uncle Sam will always get his share!
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CPT (Join to see)
MAJ Ken Landgren and SFC Joe S. Davis Jr., MSM, DSL It depends on how it is paid out. If it is paid in segments or as a lump sum.
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