Is it true that you pay tax on lottery wins

Determine if your gambling winnings are exempt from federal income tax and if you're eligible to claim a refund of withheld taxes

Yet the top marginal tax rate of 37 percent means you'd owe a lot more at tax time And state taxes typically are due as well The big impact

lottery sambad 27 6 23 Revenue in the Lottery Operation in Australia Industry Revenue 1 Tax Structure Ratio Key Ratios Data tables IVARevenue (2013

lottery instants Lotto winnings in Australia are classified as tax-free income However, it is your responsibility to abide by any relevant tax laws in your