Powerball winners can claim their $1 billion prize in two ways, by either taking the whole jackpot in 30 annual payments over 29 years or by claiming a smaller lump sum of cash upfront, which most lottery winners opt for.
The lump sum is estimated to be $497.3 million, according to Powerball, which would be subject to an initial 24% federal tax withholding of roughly $119.3 million, leaving the winner with about $377.7 million.
10 Countries with Low Taxes You'd Never Expect
If you ask any wealthy person in the US or any western country, how much taxes they pay, chances...
Got Crushed in the Market? Harvest Your Losses to Lower Your Taxes - The Washington Post
There's no sugarcoating the stock market's 20% plunge, but there is a small consolation prize: You have one of the best opportunities in years to lower your tax bill.
That's because the US tax code allows investors to sell poor-performing stocks and use those investment losses to offset capital gains from selling better-performing assets, such as stocks, bonds, a home or business.
How Day Traders Can Reduce Taxes
Day trading can be a fulfilling and lucrative career. If you know what you're doing, you can make a serious chunk of change. But with every financial success comes everyone's favorite consequence: taxes. So how do day traders avoid taxes, or at least reduce them?
Long-term capital gains are profits you collected after selling an investment you held for over a year. These are taxed at a lower rate of 0% – 20% depending on your income.
Costs to vote considered modern "poll taxes" – Center for Public Integrity
Under a new law , thousands of Missouri voters could have to pay $15 to acquire the documents needed to get an ID to vote.
Wyoming voters also face their state's new ID law , passed last year, which requires a government or student identification card to cast a ballot. Voters without one must present certain proof of identity to obtain the state's free voter ID. A birth certificate there costs $25.
EU companies bemoan uptick in windfall taxes | International Tax Review
Italy Turns to AI to Find Taxes in Cash-First, Evasive Culture
Italy's aggressive use of artificial intelligence to close Europe's biggest tax gap is starting to make inroads, but still must overcome a national legacy of tax avoidance and strict EU data privacy laws.
"In the last few years, the use of technology and digitization has proven to be a real game changer," said Paolo Valerio Barbantini, deputy director general and head of the taxpayers division of the Italian Revenue Agency, in a recent video.
AZ Big Media Arizona property taxes will see No. 3 greatest 5-year increase - AZ Big Media
You may think your property taxes are low—or high—but what will Arizona property taxes look like one, five, or 10 years from now? In Arizona, those increases taxes in property may be larger than expected.
Arizona is the No. 3 state predicted to have the greatest property tax increase in five years, or by 2027. With average annual property taxes jumping from $1,956 next year to $4,785 in five years, residents can expect to see an increase upwards of $4,785.
Send that check, pay your taxes | Letters to the Editor | chronicleonline.com
On Nov. 1, I should receive Citrus County Property tax bill from Janice Warren. Property taxes have been around since 6,000 B.C. Clay tablets from the city-state Lagash (part of modern day Iraq) showed figures called "bala" or rotation.
Some feel the property tax is a tax on capital, which would make it a progressive tax. Usually property value continues to increase annually. Low-income families with lots of kids consume more in government services (such education) than they pay in taxes.
The Powerball jackpot keeps getting larger because players keep losing. No one matched all six numbers and won the… https://t.co/uIBb2GsKip AP (from Global) Sun Oct 30 12:15:27 +0000 2022
One lucky lotto player could be in for a very big treat on Halloween night as the Powerball jackpot grows to an est… https://t.co/D3wBicnnbx CNN Sun Oct 30 11:30:16 +0000 2022
The #Powerball jackpot reached an estimated $1 billion for the next drawing on Halloween. If a player wins Monday's… https://t.co/ez4tOx0Br3 ABC7 Sun Oct 30 05:35:09 +0000 2022
For only the second time in its 30-year history, the Powerball jackpot has reached an estimated $1 billion. https://t.co/G2toF5xgn7 nytimes (from New York City) Mon Oct 31 03:59:41 +0000 2022
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