$ billion Mega Millions: How is the lottery taxed in CA?

if u win the lottery how much is taxed
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There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

if i won the lottery meme The winning cash prize of $747,200,000 after the 24% IRS withholding tax, drops to $567,872,000 But the winner shouldn't spend all that After

if you win lottery what should you do Whether you take the prize as an annuity spread out over three decades or as an immediate, reduced lump sum, 24 percent of your win is withheld