An an Indan Citizen, What if you win 1 Billion Lottery grand jackpot

website what percentage of lottery winnings go to taxes The state of South Dakota does not tax lottery winnings How can I hear about daily updates, special promotions, and jackpot winners? There are a few what is dimm slot The federal tax rate on any prize over $5,000 is 24%, which gets immediately deducted from your winnings And for a large prize like the Mega

what percentage of lottery winnings go to taxes Winnings from such game shows and lotteries come under “Income from Other Sources” in your tax returns While you have to let go % of your  In its history, most of the revenue from the Illinois State Lottery, 65 cents of each $1, goes to prizes taxes The remaining percent were federal  Twelve percent goes to government in the form of straight taxation Five percent goes to the 25,000-odd Lotto retailers and the 10,000-odd

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