Tax on Winning Game Shows & Lotteries

taxes on $2 million dollars lottery winnings
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Fourteen states don't levy additional tax on lottery winnings: Alabama, Alaska, California, Delaware, Florida, Hawaii, Nevada, New Hampshire,

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twin spin slot free play Lottery winnings that are more than $5,000 get a federal tax of 24%, therefore, you'll be cutting more than $12 million from the annual payments THAT is the amount that you pay tax on — 37% federal plus whatever your state might charge — so you end up with something between