taxes on powerball, etc... https://www.lotterypost.com/thread/69887 Lottery Post Forum Topic: taxes on powerball, etc... en-us Lottery Post RSS Generator Reply #4 https://www.lotterypost.com/thread/69887/111616 https://www.lotterypost.com/thread/69887/111616 Mon, 09 Jun 2003 13:35:35 GMT hypersoniq thanks megamillionaire, I'll have to check that site out

]]> hypersoniq Reply #3 https://www.lotterypost.com/thread/69887/111545 https://www.lotterypost.com/thread/69887/111545 Sun, 08 Jun 2003 23:38:11 GMT megamillionaire Hypersonia: Have you e

]]> megamillionaire Reply #2 https://www.lotterypost.com/thread/69887/111544 https://www.lotterypost.com/thread/69887/111544 Sun, 08 Jun 2003 23:37:18 GMT Todd That post on the irs site is outdated. They only withhold 27% now.

]]> Todd Reply #1 https://www.lotterypost.com/thread/69887/111495 https://www.lotterypost.com/thread/69887/111495 Sun, 08 Jun 2003 18:10:16 GMT CASH Only H:Many lotteries also withhold towards state taxes.

]]> CASH Only taxes on powerball, etc... https://www.lotterypost.com/thread/69887 https://www.lotterypost.com/thread/69887 Sun, 08 Jun 2003 15:53:25 GMT hypersoniq Just for a rough estimate of your take-home from an advertised lump-sum value in the millions....Filing Single... (Lump Sum Jackpot * 0.614) + $212,330.00Filing Married... (Lump Sum Jackpot * 0.614) + $217,769.50The powerball drawing for 6/11/03 is estimated to have a lump sum value of $36,900,000.00....Keeping it simple would leave one happy couple with $22,874,369.50 or one lucky person with $22,868,930.00Also, the Powerball (and most other lotteries) are only required to hold back 27%, no... [ More ]

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