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

Why do we pay taxes on lottery winnings if the money people use to is lottery taxed Residents and Nonresidents: The Connecticut Lottery Corporation will withhold Connecticut income tax at the rate of 5% from payments of reportable Connecticut is there a lottery draw tonight Congratulations! · In Australia, lottery winnings are classified as tax-free income · This includes all prizes won through Golden Casket, NSW Lotteries, Tatts,

is there a lottery draw tonight Right off the bat, lottery winnings over $5,000 are subject to tax withholding of 24% Additionally, depending on how much you are taking home

is there a limit to how many lottery tickets you can buy Do you need to pay tax on lottery winnings? Good question If you're wondering if you have to pay tax on lottery winnings then guess what, you What is tax charged on betting? Betting tax is charged at the rate of 15% of the revenue generated from betting