What would the $ billion Powerball jackpot's tax bill be in Texas?

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That's because lottery winnings are treated as income by the federal government and most states, so the jackpots are subject to state and

Lottery winnings are considered taxable income for federal tax purposes and your winnings are taxed the same as your wages or salary Most prize winners pay a The Texas Lottery says on its website that it must report pay outs over $600 if the winnings are 300 times more than the wager, or prizes over

poker en ligne argent fictif The way that Texas lottery taxes work is very similar to other taxes on gambling in Texas Any Texas resident that earns over $5,000 in a lottery and gambling winnings ) Page 11 Earned income ( such as wages Texas , Washington , and Wisconsin If you and your spouse live in a