taxes on the lottery vs taxes of the lottery

Both phrases are correct, but they are used in different contexts. 'Taxes on the lottery' is the more common and appropriate phrase to use when referring to the taxes imposed on lottery winnings. On the other hand, 'taxes of the lottery' could be used to refer to the taxes related to the operation or organization of the lottery itself.

Last updated: March 21, 2024 • 706 views

taxes on the lottery

This phrase is correct and commonly used when referring to the taxes imposed on lottery winnings.

This phrase is used to indicate the taxes that are levied on the winnings obtained from the lottery.

Examples:

He was surprised by the high taxes on the lottery jackpot.
The government collects significant taxes on the lottery prizes.
The taxes on the lottery winnings can vary depending on the amount won.
She had to pay a large portion of her winnings in taxes on the lottery.
Winners need to be aware of the taxes on the lottery they receive.

Show examples from the web [+]

Nov 5, 2012 ... 04.15.1999 In a past issue of the Journal of Taxation, Farhad Aghdami wrote an article titled, "The Morning After: Tax Planning for Lottery ...
Jan 24, 2015 ... As such, you must pay income taxes on the lottery winnings. You can take losses against the winnings. We have a CPA and tax attorney at our ...
The state and city governments where the taxpayer resides may also impose taxes on the lottery winnings at the time that the taxpayer receives the winnings.
insurance for the lottery winner through an Irrevocable Life. Insurance Trust in order to pay estate taxes on the lottery winnings upon the death of the lottery ticket.

Alternatives:

lottery taxes
taxes on lottery winnings
taxes on lottery prizes
taxes on lottery earnings
taxes on lottery money

taxes of the lottery

This phrase is correct but less commonly used. It could refer to the taxes related to the operation or organization of the lottery itself.

This phrase could be used to describe the taxes associated with the functioning or management of the lottery system.

Examples:

The government collects taxes of the lottery to fund public programs.
The taxes of the lottery are used to support various community initiatives.
The allocation of taxes of the lottery is subject to government regulations.
The taxes of the lottery are distributed among different government departments.
The taxes of the lottery play a crucial role in funding public services.

Show examples from the web [+]

Security and Privacy. At Align, we take your security and privacy seriously. We've gathered the information and tools below to serve as a resource for our ...

Alternatives:

lottery-related taxes
taxes related to the lottery
lottery operation taxes
lottery organization taxes
lottery management taxes

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taxes on the lottery vs taxes of the lottery