The Best and Worst States to Pay Taxes on Lottery Winnings

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Lottery winners in Georgia face a tax rate of % on their winnings When Lady Luck smiles upon individuals in Georgia, they should be prepared to allocate a

What do federal taxes look like on a lump sum payment? The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted

lottery tax calculator nyc 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

lottery sambad please Powerball winnings are taxed as ordinary income This means, effectively, at your marginal rate