How much money do you pay in tax on powerball?

Question

If you Win $10,000 on powerball how much would they take out in taxes????? And do they pay you all at once???

Answer 1

They'd probably deduct 25% for federal up front.  Depending on your total income for the year and other circumstances, the amount you actually owe/pay might be more or less than that.

Answer 2

It depends on where you live, on whether your state has a state tax or not.

(Did you know you asked this question in the UK taxes category?)

Answer 3

depending on your other income you would most likely pay  31% federal  PLUS your states tax of aboput 9%.