How Are Lottery Winnings Taxed by State?

How Are Lottery Winnings Taxed by State? lottery tax percentage 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 lottery sambad 21 8pm A March 1986 Los Angeles Times survey on weekly expenditures on instant games tickets in California found that household lottery expenditures as a percentage of

lottery result nr 331 Winnings are taxed the same as wages or salaries are, and the total amount the winner receives must be reported on their tax return each year Before the winner