Here in Georgia, the talk of the massive powerball payout is dominating the news. Although we don’t recommend the lottery as a viable substitute for working hard, saving, and investing wisely, some clients are curious how the various states would tax a multi-million-dollar payoff.
The chart below (you can click the chart for an enlarged version) will show which states tax the most, and the least, of your winnings.
He is also a founding Board Member and Finance Director of the Fayette Pregnancy Resource Center and serves on the Board of the National Equal Rights Institute.
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