The Tax Take on Lottery Winnings in the Six New England States

massachusetts lottery tax
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Massachusetts Lottery faced precisely that Syndicates had to keep millions of losing tickets in boxes to show to tax auditors

The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that

massachusetts low plate lottery Massachusetts gross income is divided into two classes, Part A income taxed at 10% and Part B income taxed at 5% Part A income is comprised of interest,

massachusetts lottery the numbers game Yet the top marginal tax rate of 37 percent means you'd owe a lot more at tax time And state taxes typically are due as well The big impact