Photo: Ivan Samkov

How much does the IRS take from lottery winnings in Florida?

Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Utah, Washington, and Wyoming. Winners in other locations could pay as much as 10.75% in state or local taxes, according to USA Mega.

fortune.com - How much you'll pay in taxes for Powerball $2.04 billion jackpot

Does Nadal use pure Aero?

While Nadal started with the Pure Drive, he helped develop the Pure Aero and remains involved in Babolat's product testing and innovation process....

Last updated Feb 15, 2021

Who is the most famous player in rugby?

Thought by many to be the greatest rugby player of all time, Richie McCaw holds a joint record three World Rugby Player of the Year awards. He was...

Last updated Dec 11, 2021

Make Your Bookie Cry And Pull The Hair By Generating $23,187

Promotion

After 40 consecutive drawings, there’s been no winner for the Powerball—putting the new jackpot at $2.04 billion, the largest prize in history. The previous record Powerball pot was back in 2016, when it reached $1.58 billion. It was split by three winners in California, Florida, and Tennessee. The Powerball figures were drawn Tuesday morning after a nearly 10-hour delay. That helped the jackpot climb from $1.9 billion to over $2 billion. Winners can choose to receive a one-time lump sum payment or an annuity, with the prize being paid out over 30 years. Most financial experts advise winners take the lump sum, and that’s what most winners opt to do. If there’s a winner who chooses the lump sum option, they could take home roughly $929.1 million, the second-highest cash prize ever. The winner—or winners—will owe 24% to the IRS in federal taxes, and then additional taxes when they file (winning that much money will put you in the top federal tax bracket). Then there are the state taxes. Fourteen states don’t levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Utah, Washington, and Wyoming. Winners in other locations could pay as much as 10.75% in state or local taxes, according to USA Mega.

Washington, D.C.: 10.75%

Maryland: 8.95%

New York: 8.82%

New Jersey: 8%

Oregon: 8%

Wisconsin: 7.65%

Minnesota: 7.25%

South Carolina: 7%

Connecticut: 6.99%

Montana: 6.90%

Idaho: 6.50%

West Virginia: 6.50%

Vermont: 6%

Rhode Island: 5.99%

New Mexico: 5.90%

Georgia: 5.75%

Arkansas: 5.50%

Iowa: 5%

Kansas: 5%

Kentucky: 5%

Maine: 5%

Massachusetts: 5%

Mississippi: 5%

Nebraska: 5%

North Carolina: 4.99%

Illinois: 4.95%

Ohio: 4.80%

Louisiana: 4.75%

Oklahoma: 4.75%

Arizona: 4.50%

Michigan: 4.25%

Colorado: 4%

Missouri: 4%

Virginia: 4%

Indiana: 3.23%

Pennsylvania: 3.07%

North Dakota: 2.90%

The drawing was originally scheduled for Monday, Nov. 7, at 11 p.m. ET. but was delayed until Tuesday morning.

What do line judges shout in tennis?

The line umpire signals a ball out by making a verbal ""out"" call (""fault"" for a serve) followed by the extension of the arm shoulder high in...

Last updated Mar 15, 2019

What is +1.5 run line?

With a run line, the standard spread is always 1.5 runs. The favorite will be -1.5 runs and will need to win by two or more to be graded as a...

Last updated Nov 6, 2019

Promotion

How much taxes would I pay on $500000?

If you make $500,000 a year living in the region of California, USA, you will be taxed $215,575. That means that your net pay will be $284,425 per year, or $23,702 per month.

talent.com - $500,000 income tax calculator 2022 - California - salary after tax

Summary

If you make $500,000 a year living in the region of California, USA, you will be taxed $215,575. That means that your net pay will be $284,425 per year, or $23,702 per month. Your average tax rate is 43.1% and your marginal tax rate is 50.7%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of $100 in your salary will be taxed $50.72, hence, your net pay will only increase by $49.28.

Bonus Example

A $1,000 bonus will generate an extra $493 of net incomes. A $5,000 bonus will generate an extra $2,464 of net incomes.

How do you predict a football win?

One of the best ways to predict football matches is by using data and statistics. You can use data to find patterns in how teams play. For example,...

Last updated Aug 23, 2022

What is the most predictable game?

Top 3 Easiest Predictable Sports 1) Soccer. The other term used for soccer is football. ... 2) Tennis. Tennis is one of the easiest sports to...

Last updated May 4, 2018

Promotion

How often do pros hit a hole in one?

The odds of making a hole in one are 12,500 to 1. For professional golfers, the odds of making a hole in one drop to 2,500 to 1.

Last updated Dec 20, 2019

Promotion

What is a bookie illegal?

Sportsbooks and bookies that offer sports betting outside of these licensing regimes – whether in person or online – are illegal. Federal law makes...

Last updated Mar 1, 2021