$ billion winner could get lowest lump sum in 20 years

$ billion winner could get lowest lump sum in 20 years taxes on $2 million dollars lottery winnings Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of taxes on lottery winnings texas million after taxes Although federal and state taxes can significantly reduce lottery winnings, there are some benefits to taking the lump

taxes on lottery winnings texas The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in

taxes on poker tournament winnings Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of