How much do lottery winners pay in taxes?

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The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

¶16-305, Subtractions--Lottery Winnings California law prohibits the imposition of any state or local tax on the sale of lottery tickets or shares of the While you don't have to report lottery winnings of $600 or less, if you win more than $5,000, the government will hit you with a 24 percent federal withholding

all or nothing wisconsin lottery HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are tax-free The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources ” The lottery winners are