Win the Powerball jackpot? Think twice before taking the cash

do you pay taxes twice on lottery winnings
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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on

Taxation is imposed upon all income sources You may think that lottery winning would not be considered as an income source, but it is counted

do you pay tax on uk lottery winnings The IRS charges a flat rate of 24% on all lottery winnings over $5,000 For example, if you won $1 million, you would pay around $240,000 in

dolphin pearl slot machine Taxes take a big bite out of your winnings According to the USA Mega analysis, the annuity would pay out $ million after federal income