Oregon's lottery winner is a billionaire before taxes; how much will

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Yes, it's true Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as

If you win over $600 in the lottery you'll owe federal income taxes on that money federal taxes before you even see your winnings  Also, federal laws and regulations may restrict such sales You must buy The state of South Dakota does not tax lottery winnings How can I hear

playgoldwin lottery The federal government withholds 24% of your winnings immediately You may owe additional federal taxes depending on your overall tax bracket Each state also Lottery winnings are deemed regular taxable income for both federal and state tax purposes Most of the winners go with the immediate,