How much tax has to be paid on lottery or game show prize money?

does the lottery get taxed
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The tax withholding rate is 24% for lottery winnings, less the wager, for prizes greater than $5,000 An example of the calculation used to determine whether a

This means that even if the individual's income falls in the 20% slab rate, winnings from awards and prizes would still be taxed at @% The

does a straight beat a full house in poker Do you organise games of chance and are you based in the Netherlands? You have to pay betting and lottery tax Operators of gaming machines must

does publix sell lottery tickets in florida 8% for Lottery payouts over $10,000, if the claimant does not provide a valid Taxpayer Identification Number New Jersey Income Tax withholding