States That Won't Tax Your Powerball Winnings
States That Won't Tax Your Powerball Winnings
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Most states charge taxes on winnings, too, which range from % to % Eight states don't charge any income tax on lottery winnings
Unfortunately, Georgia is not one of these states Our state actually has one of the highest tax rates on lottery winnings, which is 6 percent Georgia state lottery laws earmark nearly half of the revenue for prize money, while 35 percent of lottery profits go straight to the Lottery for Education
lottery winner michael carroll How Do I Avoid Inheritance Tax on Lottery Winnings? In most states, you will not be required to pay inheritance taxes on inherited lottery winnings or any However, the IRS will scrutinize shared lottery arrangements and assert gift taxes when such arrangements do not pass muster joint decision making about what
