Let me get back to you on this one, once I win it, and hire me a tax lawer.
If the winning is from my home state lottery, it is state tax free. Federal tax is still owed, 30% I think.
There's also no tax deducted from lottery winnings in the UK
No taxes on lottery winnings in Canada either.
Yeah we may not pay tax on it, but if you invest it, you lose like half the interest to tax.
Well that changes my answer; I was sure we paid taxes on lottery ... still if I won the lotto I'd lose my Centre Link payments
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