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Originally Posted by Young
$40 Million Tax Free dollars? Big deal.
I'll take my $350 Million Powerball.
One time lump sum payment brings it down to about $230 Million
After taxes I'm still looking at a cool $150 million.
awww the good ol' US of A.
And thats just the Powerball. Mass Millions (just Massachusetts) is at about $20 Million. Mega Millions is up in the 90's. Then there is the Daily numbers, the big game. etc etc. period.
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$40 million is huge for Canada. Like I said, that's more dollars than there are people in this country. Does that not register with you?
As for the powerball and all other US lottories, game shows, etc..... I bet you didn't know that if a Canadian wins, well, your government still takes it's cut as per usual. HOWEVER... there is a company up here in Canada that can get that back for us. SO... if for example I were to win that powerball (which I won't, largely because they don't sell tickets for it here), but if I won it, I would get about the same $150 million. Then I can put in with this certain company to get back the rest of the win. They get me back about another $100+ million or so, then they take half.... leaving me with in the $200 mil range rather than your $150 million.
Plain and simply put... Canada owns.
