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Discussion in 'Philosophy & Psychology' started by Thomas Stearn, Jun 5, 2019.
“I don't know much about being a millionaire, but I'll bet I'd be darling at it.”
― Dorothy Parker
Remember good old John Beresford Tipton? .. Just checked the inflation calculator out of curiosity, and it would be like $10 million today. . They would have to call it The Billionaire.
In Las Vegas and I play the WSOP and win $9million I will also not have to pay any tax.
Nor will a Canadian.
An American will as some other countries(think if you are from Norway you pay 70%) will pay tax
Seems that the Americans tax you at the rate of your countries tax rate on gambling winnings.
70% Tax in Norway?... 70% ? really ? WoW!!!!!!
This is odder and odder.....No gambling tax is levered in Norway But if you win money abroard the Norway will tax you at 70% but then the Americans tax you as well
Wonder when the winner goes home is he taxed again.
The average non professional pays 27%...that's still HIGH!!! wow!!
It would sound that, for a time, that moron was reasonably happy. The lottery doth both giveth and taketh away....
If you are British or from Canada you do not pay any Tax.
The Americans tax you at the rate that is charged in your country.
Both the UK and Canada have no tax on gambling winnings.
Yes I know...I was referring to the Norwegian average tax payer..@27% according to your link...
Incidentally what's the percentage of tax on winnings for Americans in the USA ?
It depends. Most lottery payouts can be taken as a lump sum or in installments. Also, the amount of the winnings has to be considered... but the taxes on a substantial lottery win would be hefty.
I'm sure big money would change m and probably for the worse.
Time and time again I've seen families torn apart over fewer
dollars than. I kI won a large amount, somewhere down the road
I'd probably wish I had not won any at all. Don't know, just going
by what I see when others have won. But maybe not. We can
guess but I think we really don't know.
I wouldn't tell any member of my family or any friends ....except for my o/h and my daughter...!!