Why are lottery winnings taxed so heavily? Shouldn't a win be a win?

website does winning the lottery count as income Prize winners also pay betting and lottery tax on prizes The organiser deducts this from the prize money When do you pay betting and lottery tax? does daniel negreanu still play poker However, there are 13 states that do not collect taxes on residents' lottery winnings Because the federal government counts lottery winnings

does winning the lottery count as income Gambling winnings, including winnings from the Minnesota State Lottery and other lotteries, are subject to federal and Minnesota income  Gambling winnings are fully taxable and you must report the income on your tax return Gambling income includes but isn't limited to winnings from lotteries,  But here's the thing: if you generate income through your winnings, that's taxable For example, let's say you put your lottery winnings into a few stock market

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