How much in taxes do you pay on lottery winnings?

That estimated $1.5 billion prize is only if the winner opts to take the winnings in 30 payments over 29 years. If you want the money now in one lump sum, the jackpot is a mere $930 million, a cut of 38 percent. Next up is the federal tax bill. Lottery winnings are taxed as ordinary income.

Is Lotto winnings tax free?

HM Revenue & Customs doesn't regard lottery winnings as income, so all prizes are taxfree – hurray! However, there could be tax implications once you've banked your winnings. You can download a syndicate agreement template from the National Lottery website.

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What is the purpose of chest tube water seal?

The middle chamber of a traditional chest drainage system is the water seal . The main purpose of the water seal is to allow air to exit from the pleural space on exhalation and prevent air from entering the pleural cavity or mediastinum on inhalation.

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