Oregon's lottery winner is a billionaire before taxes; how much will

how much of the lottery is taxed
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Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

The lottery tracking group estimated a final Oregon tax rate of % or $ million, reducing the prize to a final payout of $329,792,812  How much the winner could owe in taxes Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding

kerala lottery result 25.12 23 The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on Although you don't have to pay taxes on your lottery winnings, there are a number of things to keep in mind once the money has been sent to you