The winning Powerball ticket was reported to be purchased in Zephyrhills, Florida. Assuming the lucky dog is also a Florida resident, he or she escapes state and local income taxes on the winnings. However, Uncle Sam is not so generous.
Want to be a ‘frugal’ person, but just not sure how to get there? We turned to some of our favorite budgeting and personal finance bloggers to ask them about their most effective saving habits — and we learned the secrets of their penny-pinching ways.
Here’s a tax-focused breakdown of Gatsby’s mysterious West Egg nest egg — with a few extra pieces of financial trivia sprinkled in for fun.