Lottery jackpot records

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Lottery winnings are considered taxable income for both federal and state taxes Federal tax rates vary based on your tax bracket, with rates up to 37% Winning

Question: My husband and I recently won the grand prize from my State's lottery Can you provide some guidance on how we will be taxed on our lotto winnings The winner of the lottery jackpot that currently sits at $ billion would expect to pay at least $135 million in federal income taxes if they

master 777 slot In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the government  While Americans are generally allergic to high taxes, the high tax rates on lottery winnings haven't provoked a public outcry If you win over