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Pop quiz: When is a $656 million lottery jackpot not a $656 million lottery jackpot? Answer: When Uncle Sam gets his hands on it. And according to the

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In this video we talk about how much a state lottery would need to pay out so that the winner of the state lottery can receive a monthly check that

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Texas Sales Tax Growth Reflects Improving Economy

Dean Ferguson of the Texas Comptroller's Revenue Estimating Division explains why sales tax is important to state and local government.

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This video illustrates and explains the calculations involved to obtain the net present value of investment(or cashflow). It also includes a demonstration

IRS Pursues Lottery Winner Cheated by Tax Scammers

Richard Sherwin won the Illinois lottery and thought he had it made. Unfortunately he was induced by tax scammers to invest in a partnership that created

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An 84-year-old Florida woman is lucky that she doesn't owe state taxes on her lottery millions, but the new money could mean some of her Social Security is taxed.

Lottery Advice. What to do with a winning lottery ticket; Who to tell after winning the lottery; What to expect after winning the lottery; Learning how to say "no

As a lottery winner, one of the big questions is whether to take the lump-sum option or multiple annual payments. Your choice will have some tax implications, since

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Powerball Jackpot: Winning Lottery Numbers Earns Player Half Billion Dollars

Steve Osunsami goes inside the drawing for the record-high jackpot. For more on this story, click here:

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