Winning the Lottery: Dream or Nightmare?

Winning the Lottery: Dream or Nightmare? do you pay tax if you win the lottery You must include winnings from the Massachusetts state lottery and non-Massachusetts lotteries in your Massachusetts gross income If you win more than $600 the dotm002 If you are a nonresident, Wisconsin Lottery winnings are taxable to Wisconsin If your Wisconsin gross income

dotm002 How much do I pay in taxes if I win 1,000,000? If your gross prize for lump sum payout is $1,000,000, you need to pay $334,072 in total tax ($240,000

does 3 of a kind beat a straight in poker When you begin selling those investments and making profit, you might have to pay tax The rate you'll pay is either 10% or 20% It's 10% if you are a basic When you win the lottery, your winnings are considered ordinary taxable income Your prize money is taxed at the same rate as your wages and