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If I won a lottery of 20 crore, how much will I get after tax deduction

If I won a lottery of 20 crore, how much will I get after tax deduction

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how much taxes on lottery winnings
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The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made

Have you ever wondered about people who win money on game shows like Kaun Banega Crorepati, Bigg Boss, Indian Idol, etc , paying tax or not? Do That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

4-digit lottery number for death Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax on the prize money Both residents and nonresidents of The CT Lottery is required by law to report and withhold federal income tax on all gambling winnings valued at more than $5,000 (Under certain

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