If I won a lottery of 20 crore, how much will I get after tax deduction
If I won a lottery of 20 crore, how much will I get after tax deduction
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how much taxes do they take out of lottery winnings
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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government
The Lottery Department shall withhold Virginia income tax at the rate of % on the proceeds from any lottery prize in excess of $5,000 The tax shall be The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of % from all payments of reportable Connecticut lottery winnings made
slot car track for sale In addition, the Lottery is required to report to the IRS gambling winnings that are $600 or more, and Before the state of California gives him any of his winnings, 24 percent—$ million—will be withheld and sent directly to the Internal Revenue Service