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

if you win lottery how much is taxed
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Lottery winnings are tax-free at the point of receiving them You could pay savings tax on interest earned or your estate could be subject to inheritance tax

10 lakh However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30

if i ever win the lottery meme If the winner takes the payout, as many do, the federal tax would cut the prize by around $149 million In an estimate from USA Mega, an

if i win lottery there will be signs The prize is taxed if a person takes the annuity option − which is what the advertised jackpot figure represents − or the lump sum A 2018 USA