Edwin Castro, $ billion Powerball winner: How he spent lump sum

lottery taxes in california
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Alvarez opted for the latter, which amounted to $ before federal taxes Earlier in March, the California Lottery identified

Lottery winnings are considered taxable income for both federal and state taxes · Federal tax rates vary based on your tax bracket, with rates up to 37%  The good news is there is no income tax on lottery winnings here in California Ask for a detailed break out of all taxes at each step

south park video slot This means if you live in those states and win, you will get $374,954,812 One note: Your winnings could also be subject to local taxes in some However, there are 13 states that do not collect taxes on residents' lottery winnings California, one of the states that doesn't tax winnings