Discussion in 'Current Events' started by BIV, Nov 29, 2012.
I think I could still survive on winning over 100 million.
Nice return for 2 bucks.
But it is still disgusting the amount of money the gubbernment
takes in and still runs seriously in the red.
I'm not sure how the inevitable hayseed winner will ever survive without that extra $18M.
Assuming this is the type of person who wins, they'll need that money to maintain their lavish lifestyle. Trucker hats and Pall Malls don't buy themselves.
Don't blame the "fiscal cliff". Blame the regime.
That's a lot of Gibsmedats! Mitch McConnell busted out laughing at Tim Geitner today when he proposed what Obama wanted to do. Essentially it was "tax the rich and maybe we might cut something next year or something".
damn those winkle toed socialists regimes that used to make us pay alllllll that extra tax waaaaaaaay back in 1917-1924 and 1932-1987 and 1991-2003!!!!
I'm sure glad the country isnt headed down the communist trash chute it obvious was back then and we pay lower taxes now.
oh yes... almost forgot... because FREE STUFF!!!!!
Yeah im sure they would be fine for a few years beings most lottery winners are broke in 5-10yrs anyway but the point of the article to is to point out just how much taxes would jump by using lottery numbers to make it more shocking
Anyone who complains about getting taxed an extra $18M after winning half a billion dollars deserves a punch in the nuts.
I think the point is more that the govt continues
to take more and more and still is deeper than ever in debt.
I'd have no problem paying the tax but I know the money
will not be well spent.
exactly they are just gonna give it to the ni.........
there where 2 winners so that is 36 Million
Or themselves. Not sure which is worse at this point.
You suck at reading
Bullshit. That money comes from a pool of money earned (and already taxed at least once) by the people who played the lottery. Attitudes like yours are why we're in the mess we're in now. Enough is enough.
don is right. the money the pool comes from has already had its federal and state income taxes deducted from it. its kind of ridiculous that this same money again has to have the same taxes taken out of it again
With that logic there would be no taxes because all money has been "taxed" at some point. What if I bought a lottery ticket with a dollar my grandmother gave me for my birthday?
I shouldn't have taxes taken out of my paycheck, because it's paid for by selling goods that have had taxes paid on them by people who bought them using money that they had taxed when they were paid.
All of these are reasons why progressive income taxation is a broken system by design. It's designed to invoke class warfare, and this story/thread is a perfect example.
I'll be bold and say it should not be taxed at all. Like any cap gains, the money used to take the risk has already been taxed. Rich,poor, whatever....if you risk your money, you should keep 100% of your return tax free.
i didn't read it i just looked at the title
And if you earn it you shouldn't?
Do you have federal income taxes taken out of your paycheck?
Fixed that for you.
Always though it was odd you had to pay tax on lottery winnings as it is basically a government agency (ish) that is running it... like if you win anything in say a Ontario Casino or Lottery you don't have to pay tax on it. Also if you win 20 million you get 20 million in a lump sum... none of this x amount of dollars spread over 30 years or whatever.
Stoopid question if you get the yearly payout and you snuff it... do they still keep paying your estate?
Yes why? I'm not a 47% er
Nope. Which is why they do it.