Winning the Lottery: Dream or Nightmare?

Lotto – a tax on the poor lottery is a tax on the poor The poorest one-third of American households purchase one-half of the lottery tickets The lowest one-fifth of earners in America have the lottery kerala result today But the lottery itself truly is a tax on the middle and working class Among those making less than $36,000 per year, 40% buy lottery tickets

lottery ticket sales Others don't have a general income tax, but you'll still owe federal taxes A few states have specific rules on taxing lottery winnings: California: Does not