How much tax do you have to pay for lottery winnings? It

how much do they tax the lottery
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While Americans are generally allergic to high taxes, the high tax rates on lottery winnings haven't provoked a public outcry If you win over

If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income  Lottery winnings are not taxed twice Just like a raise in wage, some people who win a significant prize may move into a new, higher tax bracket that may adjust

poker dice rules pdf While lottery winnings of $600 or less are not reported to the IRS, winnings in excess of $5,000 are subject to a 25 percent federal withholding The rewards are categorised as “Income from Other Sources” under Section 56 of the IT Act, 1961 How will you be taxed if you win a car or a