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I want to win the powerball jackpot.

My uncle was wondering if he were to win the powerball jackpot and he lives in watertown tn how much will he h

  • how much will he win if he choses the lump sum and after taxes

  • Answer:

    If the totaly prize paid over 29 years was 100 million, the cash option would be roughly half or 50 million. The tax rate for that is 35% so you would end up with 32.5 million - about 1/3 of the advertised prize.

Jackawoo... at Yahoo! Answers Visit the source

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Are we mind readers as to how much the powerball is up to...

Heather

5000000000000000000000000000000000000000…

futurevet56

about 2/3's of it

barb

Lump sum = 1/2 of the prize, then figure that the Feds take 30% of that. My state does not take 'State Taxes' from any lottery winnings. You are always better off taking a lump sum. I don't trust that the lottery will be here for 40 years or if I would live another 40 years. get it and GO! As long as the state has your money, you never know what will become of it. As long as Bush is in some sort of power, you may get screwed too. You can invest that lump sum and do something with it, or live on the interrest.

Mr. Spin

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