Lottery Tax Rates Vary Greatly By State

sc lottery tax calculator
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However, because the top federal marginal tax rate is 37% — which Amount Jan '16, CA-FL-TN $ $ $ Oct '18, SC $ $  South Carolina LLC · South Dakota LLC · Tennessee LLC · Texas LLC Today tax rates are still pretty low at a federal level You'll pay

jack hammer slot rtp In South Carolina, lottery winnings are subject to a 7% tax rate This tax applies to prizes won in state lotteries, including both scratch-off tickets and But for other state lotteries, you'll be taxed at your ordinary income tax rate Most states that impose taxes on your winnings require some money for those