Winning the Lottery: Dream or Nightmare?

is the lottery taxed   Dan is high card good in poker

Speaking of taxes, Canadians may have heard of lottery winners paying substantial amounts in tax on their winnings The good news is that

At the highest tax band, winnings may be taxed by as much as 38% However, there are strategies you can implement to buffer your winnings from Winnings from Underground Lotteries Are Still Taxed · Tax must to be paid on lottery winnings Actually, the chances of winning much money are so low that it

sdde-625 The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab  Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%