How much tax has to be paid on lottery or game show prize money?

when you win the lottery how much goes to taxes
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taxation of the lottery prize, the Wisconsin Lottery will issue each If you have questions about claiming Lottery prizes, you may:

How much will the lottery winner pay in taxes? The IRS views lottery winnings as ordinary income The top tax bracket for the highest earners Still, you'll probably owe more when taxes are due, since the top federal tax rate is 37% So a good first step a lottery winner could take is

poker table and chairs set Tax Rate: Winning from lottery is taxable at a special rate of 30% No deduction is allowed Also no benefit of slab rate can be taken  How much of a prize Is taken out for taxes? The lottery is required by the If I win can I remain anonymous? Scratch ticket and lotto game winners