US Politics on Sidechat | Should powerball winners owe income tax on it? $1,700m turns into $461m after taxes, if you take the lump sum here

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Should powerball winners owe income tax on it? $1,700m turns into $461m after taxes, if you take the lump sum here

#poll

6 upvotes, 3 comments. Sidechat poll by Anonymous in US Politics. "Should powerball winners owe income tax on it?
$1,700m turns into $461m after taxes, if you take the lump sum here"

Yes

No

Only if the winner is already rich

127 votes

Powerball Jackpot Tax Calculator

www.lotteryusa.com

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Anonymous 5d

Yes, winnings from gambling should be taxable income, even if it’s a really difficult gamble

13

Anonymous 5d

I ask because state lottery websites say that 17% to 30% of the ticket prices immediately go to education

post

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Anonymous

cheese_of_the_world_unite 5d

If you pay the Stupid Tax, and you somehow manage to win, good for you. But yeah you don’t get tax exempt status for that.

10