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are lottery winnings taxed

are lottery winnings taxed

Special tax on lottery prizes and betting are lottery winnings taxed You are taxed on anything you win, whether it's cash, an item, a trip, or a service · Winnings are subject to federal and state income taxes · Most tangible are lottery winnings taxable Your winnings are considered taxable and are added to your ordinary income when taxes are calculated If your earnings are big enough, they can

are poker machines rigged Lottery sales are already taxed yet they tax your winnings Same way some states make you pay annual property tax for property you were already

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