Why do we pay taxes on lottery winnings if the money people use to

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Lottery winnings are considered ordinary taxable income for both federal and state tax purposes That means your winnings are taxed the same as your wages or

According to federal and state laws, if you provide a social security number the Lottery withholds 28 percent from your prize winnings (24 percent federal; 4 The taxation of lottery winnings contributes to the state and central revenues, which are used for public welfare and development projects This

slot locking mechanism A 20% tax is applied to winnings that exceed the equivalent of €500 The Lottery Office will pay you the exact amount of after-tax winnings collected from the The Pennsylvania Lottery will automatically withhold PA personal income tax on prizes greater than $5,000 claimed after July 12, 2016 Winners of over $600