Mega Millions After Taxes: How Much Will the Winner Get?

do you get taxed on the lottery
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Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

Hence, the sale of lottery tickets would be considered to be the supply of taxable goods and will Buyers would now have to shell out 28 per cent GST on

do lottery numbers have to be in the same line In the United States, the taxation of lottery winnings varies from state to state While some states impose taxes on lottery winnings, others do not

double roll slot The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on