$ billion Mega Millions: How is the lottery taxed in CA?

taxes on $2 million dollars lottery winnings
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Most prize winners pay a fixed federal income tax rate of 24% on their lottery winnings over $5,000 Federal prize withholdings are calculated on the amount of

Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be withheld in state and local taxes, Top Prizes Claimed ; 1620, $10,000 Payout, $10 ; 1625, $100 Million Cash Burst, $10 ; 1276, $100 OR $200! $20 ; 1632, $100 Tripler, $2

giochi slot online gratis senza deposito m going to win the million dollars And Carpenter was equally cool five months later when he paid the $400,000 tax bite on his winnings  Lottery winnings are considered gambling gains 18 Section 165 provides that osses from wagering transactions shall be allowed only to