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.
Latest posts by David Conley (see all)
- Should you be paying “your fair share”:
We destroy another tax myth with facts- March 20, 2019
- Cliff notes of the new tax law:
Our cheat sheet guide to tax reform- March 16, 2019
- March madness-tax humor:
Bracket can be in the eye of the beholder- March 10, 2019