california lottery tax rate
Income Tax On Lottery Winnings And Game Show Winnings In India
california lottery tax rate
website california lottery tax rate The top federal tax rate is 37% for income over $500,000 When it comes to lottery prizes, the first thing that happens after you turn in that california lottery jackpot The Golden State does not have a tax on gambling winnings per se Profits are simply treated as ordinary income Players can use the tax
california lottery tax rate The IRS automatically withholds 30% of net lottery winnings in the US The rate at which the net winnings are ultimately taxed though depends on Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax California State Lottery Act of 1984 , which authorized the apply the appropriate tax rate for claimants based on citizenship
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