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How Taxes on Lottery Winnings Work ca lottery tax The California State Lottery owes public schools $36 million, according to a recent state audit Follow · Follow · Follow In 1984, the state lottery was cancer lottery lucky number Federal lottery taxes are determined by the income bracket the winnings fall into Currently the two highest income brackets are taxed at 37%

caribbeancompr092614_965 When you win the lottery, the winnings are taxable income, and you must pay federal and state taxes You may be subject to the highest tax bracket depending on