In Canada tou don't. Weird
2007-01-30 17:04:16 · 15 answers · asked by Anonymous in Entertainment & Music ➔ Polls & Surveys
It is considered as income. Same thing applies if you win big in Vegas.
2007-01-30 17:07:29 · answer #1 · answered by steve 6 · 1⤊ 0⤋
Because it's considered income and in America, we have to pay income taxes. We even have to pay taxes on inheritance, even though the taxes were already paid for on what we inherited before we inherited it!. Just another way for the government to make money.
Advice: If you win the lottery (and I mean the BIG lottery...$1 million plus), always opt for the payments instead of cashing out. You'll end up paying less taxes and you won't blow all of your money in a short period of time.
2007-01-30 17:17:13 · answer #2 · answered by Smooth Criminal 3 · 0⤊ 0⤋
Not sure about Canada, but in France, you DO pay the taxes, you just don't know it.
For instance, when the jackpot is advertised at say 100Millions in the US, the same one would be advertised at 45Millions in France because they have already deducted the taxes from it.
It's just a matter of how you present the facts.
I surmise that this is quite similar in Canada...
2007-01-30 20:35:17 · answer #3 · answered by Pascal N 2 · 0⤊ 0⤋
If he legally performed the lotto in the rustic, while he's a Canadian citizen, then definite he will pay u . s . a . taxes and in all probability even some variety of Canadian tax for bringing the winnings over to canada
2016-12-17 06:14:10 · answer #4 · answered by ? 4 · 0⤊ 0⤋
Yeah, you pay taxes. I would gladly pay taxes if I won the lottery. If anyone had a problem with that, just give it back.
2007-01-30 17:10:45 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Well its called Greed in America cause they as in the ones taking the money cant do or wont do back breaking jobs cause they learned how to steal (as in Take)so Gawd forbid if you get ahead
2007-01-30 17:12:13 · answer #6 · answered by Agent99 6 · 0⤊ 0⤋
Yes we do have to because we have to claim any income ,so after the taxes we get raped doll it sucks
2007-01-30 17:16:46 · answer #7 · answered by redneckwoodman 6 · 0⤊ 0⤋
Nothing is certain except death and taxes.
- Ben Franklin
2007-01-30 21:17:24 · answer #8 · answered by Matthew 2 · 0⤊ 0⤋
Because Uncle Sam can't keep his fingers out of anybody's pie!
2007-01-30 17:11:22 · answer #9 · answered by Chocoholic 4 · 0⤊ 1⤋
It is still income, so Uncle Sam is there with both hands out
2007-01-30 17:09:41 · answer #10 · answered by Anonymous · 1⤊ 1⤋