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Maryland Lottery Director Martin M Puncke echoes many of his fellow lottery directors when he contends that lotteries Lotteries as State Tax Policy 45

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karala lottery result today Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner Tax Information For prizes larger than $5,000, the Lottery is required to withhold the following taxes: % federal tax; % state tax for Maryland