Special tax on lottery prizes and betting

why are lottery winnings taxed
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There are taxes on lotto coupons And you pay for a ticket with your sallary that has already been taxed The winnings are therefore pre taxed,

That is unless your regular household income already places you in the top tax bracket prior to winning In that case, all of it is taxed at 37% This can be In fact, lottery winnings are taxed, with the IRS taking up to 37% Curiously, though, only 24% is withheld and sent directly to the

wv lottery numbers Prizes that are given in a competition or contest are not taxable gambling or lottery winnings if no advantage or inequality in amount or value is offered or California, unlike some other states, does not levy income tax on lottery tickets purchased within its borders However, this doesn't mean