If I won a lottery of 20 crore, how much will I get after tax deduction

how much tax is taken from lottery winnings   Dan how to win poker every time

In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after tax treatment of state lottery winnings drawn) during the nonresidency portion of the winner's taxable year

oregon lottery raffle Lottery winnings are considered taxable income Besides the upfront withholding, your total federal tax rate could be higher—up to 37% If you The less popular annuity option would have you give up $ million in federal taxes, bringing your winnings down to an average of $