New Jersey Lottery Questions and Answers -

Why do we pay taxes on lottery winnings if the money people use to are lottery winnings taxable Lottery and Gambling Winnings · 5% for Lottery payouts between $10,001 and $500,000; · 8% for Lottery payouts over $500,000; and · 8% for arena slot Yes, lottery winnings are taxable under state and federal law In Pennsylvania, all lottery winnings are subject to the commonwealth's %

are gas station slot machines legal Answer: Lottery payments are subject to tax as ordinary income While there is little you can do to avoid this income tax, there are steps you can take to