Why do we pay taxes on lottery winnings if the money people use to

taxes on lottery
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US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

When a person receives an income from lotteries, game shows or even wins money from a sports event like horse racing, this kind of special

taxes on 1 million lottery US lottery taxes differ from other countries because winnings are considered taxable income for both federal and possibly state taxes The federal government

taxes from lottery winnings Amounts won from a game show or lottery are taxable under Section 56 of the Income Tax Act, 1961 According to Section 194B winnings from lotteries,