Why do we pay taxes on lottery winnings if the money people use to

why are lottery winnings taxed
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Lottery agencies are generally required to withhold 24% of all winnings over $5,000 for taxes If your winnings put you in a higher tax bracket,

Section 194B of the Income Tax Act requires 30% TDS on lottery & game show winnings over Rs 10000, with an effective tax rate of %,

why is lump sum lottery less There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above

why are lottery winnings taxed Who must pay Maryland income taxes on their winnings? Anyone who receives winnings from lottery games, racetrack betting or gambling must pay income tax