How the Lottery Works and How Much You'd Keep If You Won

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Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax Congratulations! You're a lottery winner Now you're probably wondering, is my prize taxable? In Australia, lottery winnings are

today kerala lottery result live tv live The federal government will immediately take $142,824,000 from that cash option Remember, the rest of your federal tax bill comes next All must pay lottery tax of % with cess if the winning amount is above Rs 10000, regardless of their income, winnings, age,