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Winner Of $ Billion Lottery Gets $ Million After Tax

Winner Of $ Billion Lottery Gets $ Million After Tax

Daftar how does lottery tax workhow does lottery tax work
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A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax

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how dv lottery winners are selected Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

how to win the lottery in california 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

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