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Does a person with no income pay the same tax on lottery winning?
Wiki User
∙ 13y ago
yes because it is a winning
Wiki User
∙ 13y ago
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What is the Louisiana state tax percentage on large lottery winnings?
Lottery winning are the same as any other earning...and will be taxed federally and locally as any other income of that amount would be (which of course depends on many things, income level, number of dependents, number of deductions, etc.etc.)
Do you have a chance to win an iPad?
The real answer: you don't have a very good chance. About the same as winning a $500 prize in the lottery. You have zero chance of winning an iPad on an online lottery that you didn't enter.
Can you win a lottery?
If you are of legal age and otherwise meet all criteria for legally playing the game, then winning the lottery is just a case of purchasing the winning numbers. You would have the same chance of winning per ticket as everybody else.
What are the numbers for the lottory in majoras mask?
The winning lottery numbers vary by file. To win the lottery, buy a lottery ticket, remember the lottery numbers, go back in time, and input those numbers at the lottery shop in West Clock Town between 6:00 PM and 11:00 PM. The winning lottery numbers are the same for each cycle.
What if you die after winning the lottery?
Same as dying anytime. Your assets are given to next of kin and taxes.
How do you win a lottery in Pokemon SoulSilver?
Answer One: Get really lucky and you might winAnswer Two: The lottery number is the same with the Pokemon's ID number, so the more Pokemon you have, the better possibility of winning a lottery.
Taxes on winning 25000?
Winning - of any type - (casino, lottery, game show) are the same as any other earnings...and will be taxed federally and locally as any other income of that amount would be. (That of course depends on many things - your other income, or lack, number of dependents, number of deductions, etc. etc.) It cannot be considered a capital gain income...tried and failed by many. If you are a professional gambler, the answer may be different.
What does the government do with the taxes from lottery winnings?
Taxes on lottery (or gambing, etc) winnings are the same as any other ordinary income in both amount and use.
What is the single most common winning lottery number used?
There are none. In any fair lottery (such as WI state lottery) after a couple months, each number should have been selected almost the same amount of times.
Is there a good system to win lottery?
Well, all lottery's run by each state mainly run on the same system. The chances of winning the " Jackpot" is 1-80000, sorry to say. I have found the more you 'pay' on a lottery ticket the 'higher' your chances of winning are, but they are not increased by much. I would say, if you are thinking about buying a lottery ticket, save your money you are most likely in for a disappointment.
Is a lottery good idea?
I think if you try once to put a similar combination of numbers in dozens of major lotteries of various countries at the same time via the global lottery service thelotter.su/ to the total number of lottery tickets for example, 100 pieces - the result is unsurpassed. Very high probability that one of the lottery your combination of numbers will win
How do chances of winning the lottery improve if you buy 2 differently numbered tickets for the same draw?
Your chance of winning any particular prize doubles, but given that there are millions of permutations for the numbers, the chance of winning a major prize is still infinitesimally small.
