These are the best, worst states to win the lottery in
These are the best, worst states to win the lottery in
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Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no
Withholding Rate from Gambling Winnings New Jersey Income Tax is withheld at an amount equal to three percent of the payout for both New tax GE RIDGE SERVICES INC 170 Broadway Suite 201-PM New York, NY 10038 1 calculator - Prlnh 1; report: G bur chart:
do most lottery winners pick their own numbers While some jurisdictions have no income tax — or do not tax lottery winnings — others impose a top tax rate of more than 10% Nevertheless The reason for this is that states tax lottery winnings at different rates New York, for example, taxes the most at up to 13% Generally,