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