37% federal tax rate

5% staye income tax

1. The Powerball on August 24, 2020, was $37 million with a lump sum payout of $29.6 million. Calculate the after-tax return on a $2 ticket for the lump sum payout using the probability of winning and tax rates given in the text. 1. The Powerball on August 24, 2020, was $37 million with a lump sum payout of $29.6 million. Calculate the after-tax return on a $2 ticket for the lump sum payout using the probability of winning and tax rates given in the text