Why are lottery winnings taxed in America?

Why are lottery winnings taxed in America? federal lottery tax rate
➡️【Mk.com】✅Casino provides a rich selection of games✅ and a user-friendly interface, allowing players to enjoy their favorite casino games anytime, anywhere. ✅  Such income is generally taxed at a flat rate of 30% Nonresident aliens generally cannot deduct gambling losses The only exception is Canadian federal tax rate for lottery winnings Depending on your filing status and the taxable income , you are subject to a 10-37% tax rate If your prize is over

federal tax rate for lottery winnings Still, you'll probably owe more when taxes are due since the top federal tax rate is 37% So a good first step a lottery winner could take

federal lottery tax calculator Taxes: The IRS requires that you report ALL Lottery winnings The Lottery is required by law to withhold 24% for federal taxes and % for state income Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,