Quote:
Originally Posted by Jdoughs
Of that 98 million, would he even walk with the 43 million clear that the Canadian one is? Here lottery winnings are tax free.
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That powerball winner will be lucky to come away with close to half of the 97 mill after it's taxed I'd wager.
Going by population alone, a $43 million jackpot is roughly 10 million more than our entire population. The USA would have to have a jackpot over $300 million to compare, then up it enough to allow for taxes.
No, Canada rocks for the tax free win thing. I've always said the tax man has no business putting their grubby little mitts on a person's winnings, and have never understood why Americans put up with it. Even on game shows, tax tax tax. Ug. If you win it, you should win it all. Like in Canada. :D
I'll be buying a few tickets later today.