I Won the Lottery! How Bad Are Taxes Going to Be?

I Won the Lottery! How Bad Are Taxes Going to Be? lottery winning after taxes The top federal tax rate is 37% for income over $500,000 The first thing that happens when you turn in that winning ticket is that the federal lottery falafel The Department regularly notifies the Tennessee Lottery of individuals who owe tax debts of over $100 to the state If such a person wins a

lottery falafel Income from lottery winnings and online games are included under the head 'Other source of Income' and is taxable at the special rate of 30%

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