How much tax will I pay on winning a Rs 10 Crore lottery in India?
Before the state of California gives him any of his winnings, 24 percent—$ million—will be withheld and sent directly to the Internal Revenue Service
Taxes on Lottery & Gambling Winnings: What You Need to Know how much taxes taken out of lottery winnings
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How much the winner could owe in taxes Before seeing a penny of the jackpot, the winner will pay a 24% mandatory upfront federal withholding
how many tickets are sold in the mater home lottery The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes