I Won the Lottery! How Bad Are Taxes Going to Be?
I Won the Lottery! How Bad Are Taxes Going to Be?
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do you pay tax if you win the lottery
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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
If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income So, when you take the cash option, you will end up with $374,954,812 after federal taxes Now it is the state's turn State tax rates on lottery
nagaland dear lottery result chart The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal It's very important to pay the necessary taxes on lottery or prize money winnings in order to prevent fines and other legal repercussions Such