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

do you pay income tax on lottery winnings
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Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to

In India, winnings from the lottery are liable to a flat rate of tax at 30% plus 4% Cess without any basic exemption limit Further, If the Prize money

double double bonus poker strategy The tax must be withheld by the Lottery Department on the date of actual or constructive payment, whichever is earlier, as defined in federal Treasury

do slot machines take cash That means that if you pass away, whoever inherits your estate will have to pay Inheritance Tax on it Money, property, and assets can all