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How much tax does the IRS take from lottery winnings? The IRS automatically withholds 30% of net lottery winnings in the US The rate at which
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Lottery winnings are taxed as ordinary income, and a prize of this size would be subject to the top tax bracket of percent (And as
how to cut a slot in wood The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does,