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

how much lottery after taxes   Dan how does poker work at a casino

resident affect my state income tax obligation with respect to a New York State lottery prize payment that I am entitled to receive after the move? A: When

After taxes , he cleared $ million He bought his ticket while picking up his regular coffee and biscuit at a gas sta- tion around the corner from Income from winning from lotteries is taxed as income from other sources with rate of 30% After adding cess, the rate comes to % income

poker games online real money How is the tax on winnings from game shows calculated? Under Section 194B194BB of the Income Tax Act, before distributing the winning amount 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,