California winner of record $2bn lottery prize says he is 'shocked

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

The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does, California: Does not tax lottery winnings at the state level Federal taxes still apply New Hampshire and Tennessee: Don't have general income tax, but they do

26 tarikh actor lottery sambad The benefit of the basic exemption limit and income tax slab rate is also not applicable to this income The entire amount received will be The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does,