Man hits $1 million prize on Ohio Lottery scratch-off ticket
Man hits $1 million prize on Ohio Lottery scratch-off ticket
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How does Ohio's tax code compare? Ohio has a graduated state individual income tax, with rates ranging from percent to percent There are also
¶16-305, Subtractions--Lottery Winnings Individuals and estates are subject to income tax on lottery winnings, prizes, and awards ( Sec But as lottery winnings are taxed as ordinary income, a windfall of this size would land Jeanne in the highest federal income tax bracket of 37%
firebird double 27 slot However, large estates, such as those belonging to lottery winners, are often subject to federal estate tax and, where applicable, to state-level estate taxes of the Revised Code, the state lottery commission shall deduct and withhold an amount equal to four per cent of the payment from each lottery prize award