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Revised Statutes of Missouri, RSMo Section -

Revised Statutes of Missouri, RSMo Section -

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is there sales tax on lottery tickets
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A: For residents and resident aliens, percent in federal and state withholding taxes is deducted for every Lottery prize over $5,000 Current federal tax

of section 17C of the West Bengal Sales Tax Act, 1994, to make payment of tax at compounded rate on sales of lottery tickets To The Permission for payment of tax at compounded rate by the registered dealers of lottery tickets, withdrawal of option or revocation of permission

 Federal law requires that the Lottery report winnings of $600 or more to the IRS Federal income tax of 24% and state income tax of % are withheld from any Lottery winnings are considered ordinary taxable income by the IRS Even if an installment winner sells the future income stream to another

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