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The amount you need to pay on gift tax is dependent on the value of the gift itself, but you can probably expect to pay anywhere from 20% to 40% of the value of
Do you need to pay tax on lottery winnings? if i win the lottery how much can i give to family
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if you win the lottery is it tax free How much do you win if you match the Powerball and one number? If you match Can I share my prize with a family member or friend? Absolutely