2 Mass Lottery players cash $1 million tickets on the same day
2 Mass Lottery players cash $1 million tickets on the same day
That takes the effective lottery tax rate in Massachusetts for big winners to 9%, as the state already levies a 5% individual income tax on its
As your financial situation improves, both the IRS and the State of Massachusetts consider your winnings income Therefore, winnings are taxed Lottery spending by state: Massachusetts residents spent $970 per capita in 2021 on lottery tickets, more than double any other state North
texas winning lottery numbers Massachusetts gross income is divided into two classes, Part A income taxed at 10% and Part B income taxed at 5% Part A income is comprised of interest, Encore Boston Harbor and MGM Springfield each pay a 25% tax on gross gaming revenue And of that tax: 20% goes toward local aid; 15% goes to the
