Do I need to pay tax on my winnings?

us lottery tax
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How much tax do you pay on lottery winnings? In the , if you win a lottery of $600 or less, you don't have to report it If you win more than $5,000, you

If you win a 1 billion $ jackpot in US you pay around 450 mil -600 mil , and remaining can be transferred to India without any tax ,

uscis green card lottery If you win the jackpot you will be subject to the top federal tax rate of 37 percent Players who are not citizens are subject to an initial federal tax

uscis second lottery Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax