How much tax do you pay on a $5,000 lottery ticket?

$5,000 that promises to pay $50 at the end of every period forever What is Lottery Lotto grand prize, you will receive your winnings in 20

Michigan does not withhold taxes on winnings from $601 to $5,000, but you must report these winnings to the IRS and the Michigan Department of

how much is each poker chip worth All winnings over $5,000 are subject to tax withholding by lottery agencies at the rate of 24% This potentially leaves a gap between the

how to stack poker chips A winning lottery ticket is taxable income Therefore you pay tax at the rate of your tax bracket if you are in the 10% tax bracket you