$ billion Mega Millions: How is the lottery taxed in CA?

how much does the government take from lottery winnings
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Generally, if someone wins a raffle, Lotto or prize money in a draw, these winnings are not taxable Similarly, prize money from a dog

The federal government will take 24% off the top of lump sum winnings from a lottery jackpot do not tax lottery winnings This means Lottery tax in Kerala, including cess and surcharge, stands at % So the Kerala lottery tax rate will be % of Rs 1 crore, that is, Rs

difference between texas hold em and poker Currently the two highest income brackets are taxed at 37% for incomes over $578,125 and 35% for incomes over $231,250 The governing lottery 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