How much tax will I pay on winning a Rs 10 Crore lottery in India?

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You'll also likely find yourself in the top federal tax bracket of 37% (remember, these rates are progressive, so you won't actually lose 37% of

Q: What taxes are withheld if I win a lottery prize? A: For residents and resident aliens, percent in federal and state withholding taxes is deducted The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on

slot lobstermania online free Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37% California does not tax lottery winnings If individuals win the lottery in California, they are not required to pay state taxes on their winnings However,