Section 194B of Income Tax Act

do you have to pay tax if you win the lottery
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Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

Note Income earned on any of the above amounts is taxable  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

video bonus slot machine With the Powerball now at a billion dollars, what do you do if you in fact have the winning Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual property tax for property you were already