California misses out on Powerball tax revenue windfall

website california lottery taxes Powerball jackpot on Tuesday could pick up their cash prize without owing any state taxes, because California doesn't tax lottery winnings california lottery winning numbers fantasy 5 State taxes on Powerball wins Most states impose a tax on lottery wins New York levies the highest tax on wins at %, followed by Maryland

california lottery taxes The cash value was $ million, still an incredible amount of money The state of California doesn't tax lottery winnings, but the IRS does,  Because the federal government counts lottery winnings as income, getting such a large jackpot would likely move the winner into a higher tax  California lottery , which qualified her for a $ 2,000,000 jackpot But taxes that year

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