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Taxes

Topic closed. 2 replies. Last post 11 years ago by KRB03.

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Palm Harbor, FL
United States
Member #32362
February 11, 2006
145 Posts
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Posted: February 14, 2006, 10:19 am - IP Logged

Does anyone know how much taxes are taken out on the PB if you take it in one lump sum? I'm sure state lotteries are different. Here for the FL lotto, they take out 63.7% Shocked

    Shawnintennesse's avatar - British Pint_414_.jpg
    Springfield,Ohio
    United States
    Member #14006
    April 19, 2005
    3972 Posts
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    Posted: February 14, 2006, 10:24 am - IP Logged

    Fedral taxes are between 25% and 30 %.

    Cant remember which. Florida is ripping you off.

    If it weren't for Vtracs and STXS where would we be?

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      Palm Harbor, FL
      United States
      Member #32362
      February 11, 2006
      145 Posts
      Offline
      Posted: February 14, 2006, 11:00 am - IP Logged

      Fedral taxes are between 25% and 30 %.

      Cant remember which. Florida is ripping you off.

      they have the federal tax and then "lotto" tax. Thats why if I ever win the FL Lotto I will take installments as payment....