Power Ball Jackpot $425 Million this Wednesday Night
With no winner in the Powerball last night, the Jackpot now sits at $425,000.000.00 and is expected to grow closer to a half a billion before this Wednesday's next drawing. Now before you start spending (investing) all those zero's, there is one small little detail that must be taken care of first. Taxes. If you were to choose the lump sum payout, you would also see over $148,000,000.00 in real dollars quickly disappear for not letting them control "your winnings" for the next 30 years. You are then required to pay Federal taxes @ 25% of your gross winnings which takes another $70,000,000.00. out of your powerball jackpot. Your $425 million has already been cut more then in half, leaving you with a little more then $208,000,000.00 before your State taxes.Depending on which state you bought your power ball ticket, your state taxes range from zero in states of New Hampshire, Delaware and Florida, all the way up to an additional 8.82% in Read More Here-->>>
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