How much money will you get after taxes if you win the Mega

how much do they tax on lottery winnings
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With a large jackpot, if the winner opted for the lump sum cash value, they would be subject to federal income tax at the top tax rate, which is 37% (So after

US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government Is Lotto winning tax free? The winning amount is tax free, however you will be charged when you put it in the bank or when inheritance tax (40%

nagaland state lottery sambad morning their winnings of $3,000 as taxable income, and they will receive a they brought out of each gambling session if the records were  However, winning the prize requires you to pay taxes on your winnings If you win Rs 10 lakh, you will have to pay a 30% tax on lottery