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Tag: Money In The Bank

Taxes on lottery winning

September 19, 2009 Lotto Questions

How do taxes on lottery winning work? I know that when you win a large sum of money in the lottery you have to pay a large amount of taxes, sometimes it can add up to 40% of your winnings. But after paying these taxes, you put the rest of your money in the bank, do you ever have to […]

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