In the UK there is no tax on lottery winnings, if you win Â£750.00 you get to spend all of it.
In the UK there is no tax to pay on lottery winnings, although the govenment do take tax before the prize fund before any winnings are paid.
All of them.
California does not tax have a state income tax on lottery winnings. The federal withholding rate amount is 25 % to be withheld from the winnings amount.
they tax the sh*t out of it!
If you can prove losses equal or close to winnings then yes.
Age would not have any affect on the requirement that taxes be withheld from your lottery winnings as long as you are still living.
There are no state or local taxes on lottery winnings in Pennsylvania. There is however a federal tax of 25 percent of the winnings for any prizes that are over $5,000.
Washington State does not have a personal income tax, so you will not pay any state income tax. You will still pay Federal income tax on lottery winnings, though.
Backup withholding is 28 percent.
Yes. The tax man will never leave you alone!
Tax is withheld on all winnings in the Kansas lottery over 5,000 dollars. If less than that is won, the amount won should be claimed on tax forms.