The Economics of the Lottery

taxation of the lottery prize, the Wisconsin Lottery will issue each If you have questions about claiming Lottery prizes, you may:

The Economics of the Lottery The federal government will take 24% off the top of lump sum winnings from a lottery jackpot Then it is the state's turn

taxation of the lottery prize, the Wisconsin Lottery will issue each If you have questions about claiming Lottery prizes, you may:

when is national lottery draw Depending on how much you win and on your income, you'll then have to pay a further % to make up the total % that's the top income tax

A: All persons who receive more than $1,000 on their bet, the tax will be deducted from their winnings in excess of $1,000 Q: Do I have to pay the tax to the

when was the slot machine invented And for a large prize like the Mega Millions, that lump sum will also catapult you into the highest income tax bracket, so you'll pay the top

The lottery agency must withhold 25% of your winnings for federal income taxes How much is withheld for state income taxes varies from state to