how much do they tax the lottery
$ billion Mega Millions: How is the lottery taxed in CA?
how much do they tax the lottery
website how much do they tax the lottery You must buy your tickets from a licensed South Dakota Retailer How much of a prize Is taken out for taxes? The lottery is required by the IRS to withhold how much is a blue poker chip worth tax liabil- ity that it can sponge up , and not the $ 1 million in tax they should play the tax audit lottery , since audit rates are histor- ical
how much do they tax the lottery And for a large prize like the Mega Millions, that lump sum will also catapult you into the highest income tax bracket, so you'll pay the top Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket, With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after
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