How are Lottery Winnings Taxed?

how much taxes come out of lottery winnings
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Besides the time-value-of-money discount rate, a lump-sum payout also results in federal tax of 37% on every dollar over $539,900

How do I calculate lottery lump sum after taxes? · Check how much the lump sum payout differs from the advertised lottery prize In Pennsylvania, all lottery winnings are subject to the commonwealth's % state personal income tax, plus an additional 24% through federal

million dollar poker game out those golden nuggets in nice, clean display cases so that you won't miss much in taxes — this book also explains legal strategies for slashing Any bonus or commission provided to lottery agents, sellers of lottery tickets, or sales made by them out of lottery winnings, etc , is not subject to