Here's what the $1 billion Powerball winner could owe in taxes

Lottery Calculator - The TurboTax Blog powerball lottery tax calculator The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that powerball virginia lottery The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

powerball lottery australia If the winner takes the 30-year annuity payments, that's $756 million after tax, according to 's tax calculator That's good