Lump Sum or Annuity for Lottery Winners?
Lump Sum or Annuity for Lottery Winners?
million to collect about $ 55 million in gaming taxes and licence fees from Federal Hotels This compares with about $ 10 lottery In 2008 , this Greens
Generally, the federal government taxes prizes, awards, sweepstakes, raffle and lottery winnings, and other similar types of income as ordinary income, no Lottery prizes are taxable If you win more than $600 it will be reported to federal and state tax agencies If you win more than $5,000, taxes
slot machine disegno The winning cash prize of $747,200,000 after the 24% IRS withholding tax, drops to $567,872,000 But the winner shouldn't spend all that After By limiting the rate at which your winnings are taxed, the annuity would have saved you $150,000 in taxes on that first $1 million in lottery winnings Gross
