Do you think it's fair that lottery winnings are taxed by the federal

federal tax on lottery
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Lottery and other lotteries, are subject to federal and Minnesota income taxes federal income tax return You will need records to

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,

federal tax rate for lottery winnings A Amount to be withheld The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of

federal lottery tax rate The winnings are subject to federal income tax withholding The tax withholding rate is 24% for lottery winnings, less the