Yep. Lottery winnings aren?t calculated as income.
Actually they are. The large payouts deduct both federal and state taxes from your winnings. Fed has a special category for such winnings. You really didn't think the house would let you get off lightly, did you?
45 posted on 03/07/2012 10:19:26 AM PST by Covenantor
("Men are ruled...by liars who refuse them news, and by fools who cannot govern." Chesterton)