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The tax shall be withheld on the entire amount of the prize, not merely the amount in excess of $5,000 The tax must be withheld by the Lottery Department on

If you sell or otherwise dispose of an asset that was a prize from a lottery, you must declare any capital gains you make in your tax return You must declare Lotto winnings are tax free in Australia, the money is yours Any interest you earn off lotto sitting in the bank will be taxable as income

what slot machines payout the best There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above What is tax charged on lottery?