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Finance 

Powerball jackpot hits $1 billion — but only if you pick the less-popular prize option. If you win, here’s the tax bill

October 31, 2022 admin-dominor business news, gambling, Government taxation and revenue, Internal Revenue Service, Investment strategy, Lotteries, National taxes, PERSONAL FINANCE, Personal taxes, State taxes, Taxes, Wealth, Windfalls



Regardless of whether you take the windfall as an annuity spread over three decades or as a lump sum payment upfront, taxes take a big bite out of the winnings.



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