How Big Will the Tax Bite Be If You Win the Powerball Jackpot?

Of states that do withhold tax winnings, North Dakota is the lowest at % Pennsylvania , Indiana , and Ohio also have low rates of

How Big Will the Tax Bite Be If You Win the Powerball Jackpot? Details on when and how much the winner pays differ by state Then there are 13 states that don't tax a person's lottery winnings, according to

Of states that do withhold tax winnings, North Dakota is the lowest at % Pennsylvania , Indiana , and Ohio also have low rates of

states that don''t have lottery State income taxes for the highest bracket vary from 0 to %–excluding California and Pennsylvania, which exempt lotto winnings Here's what

Yes Gamblinglottery winnings are subject to Michigan individual income tax to the extent that they are included in your adjusted gross income The Michigan

states legalizing online poker Theoretically, taxes should penalize all citizens equally regardless of any of these characteristics Unfortunately, the state lotteries don't appear to follow

Of course, there are also state lottery taxes But you don't have to worry about those if you win the jackpot in California — which does not