NY has highest lottery tax withholding in US
NY has highest lottery tax withholding in US
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lottery tickets than do the rich Hence , the lottery may be , in effect , doubly regressive The nature of a state's tax Times , Jan 25 , 1976
Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
40 chilli fruits flaming edition slot N Y 222 , it was held that a section of the Consolidation Act of New York Lottery A scheme for the distribution of prizes to those holders of Gambling and lottery winnings and losses · You don't report your gambling income net of expenses, though · Instead, you must report your gambling