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#41
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Whoo Hoo Whoo Hoo
On Thu, 31 Mar 2011 21:28:04 -0700, "NormG"
wrote this crap: In Canada Lotto winnings are tax free. I think the rationale is that taxes are on earned income. Not sure how they rationalize steal^x^x^x^x Taxing inheritance. They don't. They just do it. They tax capital gains too, which is not earned income. But the one that kills me is corporate taxes which the corporation passes on the consumer. Then if they make a profit, it gets taxed, the remainder is a dividend to the stockholders, which gets taxed. Do you wonder why China is catching up to us? Vote for Palin-Brown in 2012. Repeal the nightmares. |
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#42
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Whoo Hoo Whoo Hoo
On 04/01/2011 12:28 AM, NormG wrote:
lal_truckee wrote: On 3/31/11 8:40 AM, Walt wrote: Lotteries are particularly bad since their expected value is usually in the range of -.5, meaning you lose roughly half of what you wager in the long run. If you factor in the taxes you owe on the winnings, it's even worse. You can deduct gambling losses from winnings if you keep records, so your .5 expected value means taxes can be a net wash. Just thought you'd want to know. In Canada Lotto winnings are tax free. I think the rationale is that taxes are on earned income. Not sure how they rationalize steal^x^x^x^x Taxing inheritance. That's easy. How many people win the lottery? How many people die? It's a no-brainer, it easy to be generous if you are not too generous. |
#43
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Whoo Hoo Whoo Hoo
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#44
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Whoo Hoo Whoo Hoo
On Fri, 1 Apr 2011 09:47:22 -0700, "NormG"
wrote this crap: wrote: In Canada Lotto winnings are tax free. I think the rationale is that taxes are on earned income. Not sure how they rationalize steal^x^x^x^x Taxing inheritance. They don't. They just do it. They tax capital gains too, which is not earned income. I dunno, I would think that a return on an investment is earned, wouldn't you? Nope. sure don't. There's more ways to earn income than labouring for someone else all your life. Lottery? Begging? Inheriting? Fill me in here. Vote for Palin-Brown in 2012. repeal the nightmares. |
#45
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Whoo Hoo Whoo Hoo
On 2011-03-28 16:49:02 -0600, said:
I had a winner on the lottery today. Happy April 1st to you too. -- Now skiing Brian Head, Utah Ski Photography: http://Powderday.us Carpe powder-diem! |
#46
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Whoo Hoo Whoo Hoo
On Thu, 7 Apr 2011 15:00:52 -0600, Let Mikey Ski It!
wrote this crap: On 2011-03-28 16:49:02 -0600, said: I had a winner on the lottery today. Happy April 1st to you too. You're welcome. I won enough money to buy a beer. Vote for Palin-Brown in 2012. Repeal the nightmares. |
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