Redistribution: A Study of Lottery Winners

lottery income
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Directive 1: Taxpayer Davis must include her lottery winnings in her Massachusetts gross income The winnings

Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %, This includes winnings from the Wisconsin Lottery and out-of-state lotteries No deduction is permitted on the Wisconsin income tax return for

lottery songbird How Taxes on Lottery Winnings Work Before you see a dollar of lottery winnings, the IRS will take 25% Up to an additional 13% could be Michael Maginnis In 1991, he had the misfortune to win $9 million in the lottery ' Five years later, he sold his remaining winnings-