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johnny reb
23 Aug 2017  #27,261

Have you bought your $2 lotto ticket for the $740 million drawing tonight ?
I have a feeling I may win it. :-)
Bobko
23 Aug 2017  #27,262

People, when I see title of this thread, I have erection

Please never change Crow!
jon357
23 Aug 2017  #27,263

People, when I see title of this thread, I have erection. What this means? Am I sick?

Yes
Ziemowit
24 Aug 2017  #27,264

$2 lotto ticket for the $740 million

You've forgotten to tell what the odds on that bet are and also how much tax will be deducted, sir.
Harry
24 Aug 2017  #27,265

Only tax-payers think about paying tax.
Ziemowit
24 Aug 2017  #27,266

Let's not be so sercastic. If Johnny won, he would have paid more tax than you'd have ever earned during your entire life, wouldn't he?
Harry
24 Aug 2017  #27,267

If Johnny won, he would have paid more tax than you'd have ever earned during your entire life, wouldn't he?

Depends on which lottery he was playing and what the relevant bi-lateral tax treaty says. If I won the British national lottery my tax liability would be zero, which is also the chance of me winning the British national lottery. Lotteries are just a tax on stupidity.
jon357
24 Aug 2017  #27,268

Fun though, when you win a few quid.
johnny reb
24 Aug 2017  #27,269

You've forgotten to tell what the odds on that bet are and also how much tax will be deducted, sir.

The odds were 292 million to 1.
That's like flipping a coin and having it being heads 28 times in a row.
Lottery officials say one winning ticket was sold, in Massachusetts, for the staggering $758.7 million Powerball jackpot.
After taxes the winner will bank $480.5 million.

Let's not be so sercastic. If Johnny won, he would have paid more tax than you'd have ever earned during your entire life, wouldn't he?

WHO ? Harry sarcastic !
The winner will pay more tax then Harry would earn in 80 plus life times.

Lotteries are just a tax on stupidity.

Here in America we call the lotteries, "The poor mans tax."
Lots of fun for a $2 bet.
And like they say, "you can't win if you don't play.
This morning I bought a $1 ticket to have a chance at a wimpy $50 million lottery with much better odds.
I think I may win it. :-)
Ziemowit
24 Aug 2017  #27,270

If I won the British national lottery my tax liability would be zero

In Poland you will have 10% standard tax deducted on major prizes. If you win 2 million, they will pay you 1.8 million.

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