Post
Topic
Board Gambling discussion
Re: Another insane win!! $ 1B mega million jackpot
by
Jemzx00
on 25/01/2021, 01:58:55 UTC

A deduction by more than 60% is a robbery not taxation, imo. If lottery tickets are subject to sales tax then the winnings should be tax free
And I used to think the 25% my country imposes on lottery winnings was unfair!.

Still, ~$400 million is a huge amount of money so congratulation to the winner, whoever he is.
I think the most taxed thing is the lottery system which is also a common and expected thing when you're betting on it. What I didn't know is that it will be as much as 60% of the winnings  Shocked I thought that it'll be as much as 50%. In this case, it's more like your taxing the government when you're winning the lottery  Grin
Anyway, I'll take whatever I can get when I won the lottery whether if the government takes 70% from it.