Post
Topic
Board Gambling discussion
Re: Sports winnings taxes
by
Lucius
on 24/04/2024, 14:02:02 UTC
How would you know that it's not a great fortune in the local currency that OP uses? You living in the same country as OP? I wouldn't say that because the fortune of someone is relative to which country you're living from, say for example you're a millionaire in a poor country but it doesn't mean anything in a rich country...
~snip~

I just wrote that it doesn't have to be a great fortune considering that it is a figure that represents 1 million something - but of course wealth is a very relative thing in relation to how one thinks about it and where one lives.

Let's say for example that the OP is from Nigeria and won 1+ million in local currency which is a little over $800, and even in that country that can't be considered wealth - or maybe it can? For more comparisons, we can take Argentina as an example, where 1 million pesos is worth about $1100, or 1 million Turkish lira, which is worth about $30 000.