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.
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. :-)