Income Tax On Lottery Winnings And Game Show Winnings In India

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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax

Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax You are taxed on anything you win, whether it's cash, an item, a trip, or a service Winnings are subject to federal and state income taxes Most tangible

demo slot 777 Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax The Internal Revenue Service imposes a federal tax rate of 24%, and California's state income tax, with rates ranging from 1% to %,