Tax on Winning Game Shows and Lotteries

Tax on Winning Game Shows and Lotteries what is the tax rate for lottery winnings
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what a hoot slot 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

what was the winning lottery numbers An average family's top federal tax rate could go from 22% to 37% But remember, if that happens, you likely won't pay the top rate on all your money That is The net amount is the total of your winnings minus the cost of the lottery ticket, which usually isn't more than a few dollars After