State of NJ - Division of Taxation

As for state taxes, New Jersey automatically withholds 8% for payouts of more than $500,000, which will cost the winner about another $43

An average family's top federal tax rate could go from 22% to 37% But remember, if that happens, you likely won't pay the top rate on all your money That is

what to do if win the lottery Lottery winnings, considered taxable income, are subject to both federal and state income taxes The Internal Revenue Service imposes a

what does flush mean in poker The current federal income tax rates are 10%, 12%, 22%, 24%, 32%, 35%, and 37% So, depending on the amount of prize money received, the federal