Wait, We're Winning the War on Poverty? A New Study Says: Absolutely
But when you measure after-tax income (RED) or consumption (GREEN), the story changes: Poverty rates ... re winning the war on poverty 24 hours after the Census reported more people living in poverty than the combined populations of California and Missouri.
NJ Senate panel advances bill to increase tax on lottery winnings to fund after school programs
New York State taxes winnings at a rate of 8.82 percent. But lottery winners in New York City — which tacks on another 3.876 percent — pay more than New Jersey winners. Pennsylvania does not tax lottery winnings. New Jersey law defines “at risk ...
How the Powerball lottery is really a tax on the poor
In addition, the tickets tend to be bought by people who are poor and/or jobless. As a result, the lottery really tends to act more like a tax than a game. Of course, the lottery is hardly a tax for the winner. However, the odds of winning the Powerball ...
Ohio casino cities tax your winnings
Columbus’ move to tax gambling winnings ... imposed income taxes on gambling winnings long before voters approved casinos in 2009. Of all the state’s 765 cities that impose income taxes, just five have a higher rate than Columbus does.
Taxes on winnings from game shows and lotteries
This section is applicable in respect of any incomes by way of winnings from any lottery or crossword puzzle in an amount exceeding Rs. 5,000/-. Tax has to be deducted at the rates in force which is currently at 40 per cent. 4. It will be clear that ...