The State Lottery Tax: An Equity Analysis

Where there is a particular percentage that has been forgone either in favour of the Government or the agency conducting lotteries, then this portion will not

Lottery winnings are taxed for the year in which they are collected, allowing winners who choose annuities to spread out the tax bill If you win a house, boat,

lottery fast play All winnings from an out-of-state lottery are taxable for New Jersey gross income tax purposes, regardless of the amount Page 2 7 ) Q Will the New

lottery international After the 24% withholding, the winner could still owe another 13% in federal taxes, or about $70 million Marginal tax brackets for tax year