Are there any tax implications if one person buys a lottery ticket and

how much is lottery tax
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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

How much tax do you pay on lottery winnings? In the , if you win a lottery of $600 or less, you don't have to report it If you win more than $5,000, you

how to play poker with friends The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

how to open a slot machine business in illinois This section levies a flat tax rate of 30% in addition to 4% Cess, which comes to % Lets have a look at Income Tax on winnings from