Jan 13, 2016 ... In fact, in most states (and at the federal level), taxes on lottery winnings over
$5,000 are withheld automatically. However, withholding rates ...
Mar 23, 2013 ... 10 Steps To Take When You Win A Lottery Jackpot ... fiscal cliff tax deal raised
the top federal individual income tax rate from 35% to 39.6% on ...
Jan 13, 2016 ... Or we could move to Canada: no tax on lottery winnings, and an instant 30% pop
at the current exchange rate. Weee, we're Billionaires, after ...
Jul 8, 2016 ... Lottery winnings are taxed as ordinary income. "If they win the jackpot, they're
going to be subject to the highest federal tax rate of 39.6 percent ...
Depending on your other income and the amount of your winnings, your federal
tax rate may be as high as 39.6%. Your lottery winnings may also be subject to ...
Lump-sum lottery winnings are taxable as ordinary income in the year the prize is
won. There is no reduced tax rate for lottery jackpots. As of 2012, the top ...
Jan 14, 2016 ... While all states (except California, Delaware and Pennsylvania) tax lottery
winnings, Georgia has one of the highest withholding rates in the ...
When you buy a lottery ticket, you're not the only one that hopes you win. If you hit
a really big ... What you owe is based on your actual tax rate. The way the tax ...
Winning the lottery comes with new pleasures as well as new taxes. Learn all
about the tax rate for lottery winnings at HowStuffWorks.
In the event of a win all of the taxes due on the prize money must be paid before
... The standard federal percentage for lotto winnings was 35 percent as of 2012.