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General rule

Every person, including the Government of the United States, a State, or a political subdivision thereof, or any instrumentalities of the foregoing, making any payment of winnings which are subject to withholding shall deduct and withhold from such payment a tax in an amount equal to the product of the third lowest rate of tax applicable under section 1(c) 1 and such payment.

in view

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▸rulespec code

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statutes/26/3402/q.yaml

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Rules

withholding_winnings_proceeds_threshold

Parameter

source: 26 USC 3402(q)(3)(A)-(C)

- name: withholding_winnings_proceeds_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 3402(q)(3)(A)-(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3402
            excerpt: more than $5,000
  versions:
    - effective_from: '0001-01-01'
      formula: '5000'

wager_proceeds_to_wager_ratio_threshold

Parameter

source: 26 USC 3402(q)(3)(A), (C)(ii)

- name: wager_proceeds_to_wager_ratio_threshold
  kind: parameter
  dtype: Decimal
  source: 26 USC 3402(q)(3)(A), (C)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3402
            excerpt: at least 300 times
  versions:
    - effective_from: '0001-01-01'
      formula: '300'

wager_proceeds

Derived

source: 26 USC 3402(q)(4)

- name: wager_proceeds
  kind: derived
  entity: Payment
  dtype: Money
  period: Day
  unit: USD
  source: 26 USC 3402(q)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3402
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3402
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (if proceeds_are_not_money: fair_market_value_of_nonmoney_amount_received_from_wager else:
        amount_received_from_wager) - amount_wagered

winnings_subject_to_withholding

Derived

source: 26 USC 3402(q)(3)

- name: winnings_subject_to_withholding
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Day
  source: 26 USC 3402(q)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3402
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#wager_proceeds
            output: wager_proceeds
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#withholding_winnings_proceeds_threshold
            output: withholding_winnings_proceeds_threshold
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#wager_proceeds_to_wager_ratio_threshold
            output: wager_proceeds_to_wager_ratio_threshold
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        wager_proceeds > withholding_winnings_proceeds_threshold
        and (
          wager_placed_in_state_conducted_lottery_with_state_agency_or_authorized_employee_or_agent
          or wager_placed_in_sweepstakes
          or wager_placed_in_wagering_pool
          or wager_placed_in_lottery_other_than_state_conducted_lottery
          or (
            wagering_transaction_in_parimutuel_pool_for_horse_races_dog_races_or_jai_alai
            and wager_proceeds >= wager_proceeds_to_wager_ratio_threshold * amount_wagered
          )
          or (
            other_wagering_transaction_not_described_by_state_lottery_sweepstakes_wagering_pool_lottery_or_parimutuel_pool
            and wager_proceeds >= wager_proceeds_to_wager_ratio_threshold * amount_wagered
          )
        )

slot_keno_bingo_tax_exemption_applies

Derived

source: 26 USC 3402(q)(5)

- name: slot_keno_bingo_tax_exemption_applies
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Day
  source: 26 USC 3402(q)(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3402
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        payment_is_winnings_from_slot_machine
        or payment_is_winnings_from_keno
        or payment_is_winnings_from_bingo

payment_of_winnings_treated_as_wages_for_section_3403

Derived

source: 26 USC 3402(q)(7)

- name: payment_of_winnings_treated_as_wages_for_section_3403
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Day
  source: 26 USC 3402(q)(7)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3402
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#winnings_subject_to_withholding
            output: winnings_subject_to_withholding
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: winnings_subject_to_withholding

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us/statute/26/3402/q/1 — General rule · Axiom

General rule

Official source

in view

Whole section

▸rulespec code

Shown source

statutes/26/3402/q.yaml

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This encoding covers the parent provision us/statute/26/3402/q; no dedicated encoding exists for this exact provision yet.

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Rules

withholding_winnings_proceeds_threshold

Parameter

source: 26 USC 3402(q)(3)(A)-(C)

- name: withholding_winnings_proceeds_threshold
  kind: parameter
  dtype: Money
  unit: USD
  source: 26 USC 3402(q)(3)(A)-(C)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: amount
          source:
            corpus_citation_path: us/statute/26/3402
            excerpt: more than $5,000
  versions:
    - effective_from: '0001-01-01'
      formula: '5000'

wager_proceeds_to_wager_ratio_threshold

Parameter

source: 26 USC 3402(q)(3)(A), (C)(ii)

- name: wager_proceeds_to_wager_ratio_threshold
  kind: parameter
  dtype: Decimal
  source: 26 USC 3402(q)(3)(A), (C)(ii)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/26/3402
            excerpt: at least 300 times
  versions:
    - effective_from: '0001-01-01'
      formula: '300'

wager_proceeds

Derived

source: 26 USC 3402(q)(4)

- name: wager_proceeds
  kind: derived
  entity: Payment
  dtype: Money
  period: Day
  unit: USD
  source: 26 USC 3402(q)(4)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3402
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3402
  versions:
    - effective_from: '0001-01-01'
      formula: >-
        (if proceeds_are_not_money: fair_market_value_of_nonmoney_amount_received_from_wager else:
        amount_received_from_wager) - amount_wagered

winnings_subject_to_withholding

Derived

source: 26 USC 3402(q)(3)

- name: winnings_subject_to_withholding
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Day
  source: 26 USC 3402(q)(3)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: definition
          source:
            corpus_citation_path: us/statute/26/3402
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#wager_proceeds
            output: wager_proceeds
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#withholding_winnings_proceeds_threshold
            output: withholding_winnings_proceeds_threshold
            hash: sha256:local
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#wager_proceeds_to_wager_ratio_threshold
            output: wager_proceeds_to_wager_ratio_threshold
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        wager_proceeds > withholding_winnings_proceeds_threshold
        and (
          wager_placed_in_state_conducted_lottery_with_state_agency_or_authorized_employee_or_agent
          or wager_placed_in_sweepstakes
          or wager_placed_in_wagering_pool
          or wager_placed_in_lottery_other_than_state_conducted_lottery
          or (
            wagering_transaction_in_parimutuel_pool_for_horse_races_dog_races_or_jai_alai
            and wager_proceeds >= wager_proceeds_to_wager_ratio_threshold * amount_wagered
          )
          or (
            other_wagering_transaction_not_described_by_state_lottery_sweepstakes_wagering_pool_lottery_or_parimutuel_pool
            and wager_proceeds >= wager_proceeds_to_wager_ratio_threshold * amount_wagered
          )
        )

slot_keno_bingo_tax_exemption_applies

Derived

source: 26 USC 3402(q)(5)

- name: slot_keno_bingo_tax_exemption_applies
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Day
  source: 26 USC 3402(q)(5)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: exception
          source:
            corpus_citation_path: us/statute/26/3402
  versions:
    - effective_from: '0001-01-01'
      formula: |-
        payment_is_winnings_from_slot_machine
        or payment_is_winnings_from_keno
        or payment_is_winnings_from_bingo

payment_of_winnings_treated_as_wages_for_section_3403

Derived

source: 26 USC 3402(q)(7)

- name: payment_of_winnings_treated_as_wages_for_section_3403
  kind: derived
  entity: Payment
  dtype: Judgment
  period: Day
  source: 26 USC 3402(q)(7)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/26/3402
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/26/3402/q#winnings_subject_to_withholding
            output: winnings_subject_to_withholding
            hash: sha256:local
  versions:
    - effective_from: '0001-01-01'
      formula: winnings_subject_to_withholding