I Won the Lottery! How Bad Are Taxes Going to Be?

why is the lottery taxed
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You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize

The Powerball jackpot has grown to an estimated $1 billion Here's what the winner can expect to pay in taxes

why is lottery lump sum less Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes,

why slot machines are rigged You do not have to report certain non-taxable amounts as income, including the following: lottery winnings of any amount, unless the prize