John D. Giokaris的动态

Someone in Oregon won the reported $1.326 billion Powerball lottery on Saturday. The cash payout is $621 million (or less than half the reported $1.326 billion jackpot). Under Oregon law, 24% is automatically withheld for federal taxes and an additional 8% is automatically withheld for state taxes – but that doesn’t cover all the tax liability for either income tax. The total 32% that will automatically be withheld is $198.7 million, subtracting the cash payout jackpot to $422.3 million. After that, the winner needs to set aside another 13% to cover his or her total 37% federal tax rate for this year – or another $54.9 million – as well as another 1.9% to cover his or her total 9.9% state tax rate for this year, or another $8 million. Thus, in the end, the winner will be left with about $330 million – or less than one-quarter (24.8%) of the supposed $1.326 billion Powerball lottery.