Income Tax on winnings from Lottery, Game Shows, Puzzle

Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments

Corporations – 7 percent of net income; Trusts and estates

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how many poker chips for 3 players Personal Income Tax Prizes received by Massachusetts residents from the Massachusetts lottery or from lotteries taxable at the rate of five percent (5