What is the highest tax rate on lottery winnings in any state?

taxes on $2 million dollars lottery winnings
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A one quarter interest in a $2 Power Ball or Mega Millions ticket is worth $ 50 That minimal amount can be given away without any gift tax

Before getting your winnings, you'd have to pay a 24% tax withholding, which the IRS requires for winnings over $5,000, CNBC explains Out of Yes, lottery winnings are taxable under state and federal law In Pennsylvania, all lottery winnings are subject to the commonwealth's %

free online three card poker Do I have to pay taxes on my winnings? Yes All prize winnings are subject to federal and state income tax withholding State tax of % is automatically 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,