Do you have to pay taxes on winning 1000 on lottery?

Answer 1

This person didnt even answer the question. Just running off at the mouth about nothing. You would have to pay taxes on any interest earned in subsequent years, not on the principal again. So if it is "without having any income from that money", then no, there is no additional tax on merely being rich -- only upon getting richer. However, if you buy taxable property, you may have to pay annual property taxes for as long as you own it, whether or not its value changes, then income tax if you sell it for a profit (with some exceptions).

The above may be true in some countries, but not in others. In some countries, you would have to pay tax each year just for having the money. France, for example, has a wealth tax.

Answer 2

Yes this is possible. You will know the amount after you complete your 2009 income tax return.

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Answer 3

This could be possible or you could possibly receive a refund of some of the amount that was withheld from your winnings at the time that you received your payment amount.

You will only know the answer that you want after you complete your income return correctly after you have included your lottery winnings on your 1040 income tax return and added the amount to all of your other total gross worldwide income then the taxable amount will be subject to your marginal tax rate amount. The maximum marginal tax rate is 35% of your taxable income. The rates go from -0- % to the maximum 35 % rate.