this post was submitted on 30 Dec 2024
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[–] Th4tGuyII@fedia.io 8 points 6 days ago

I'm sure if I was the lottery winner I'd be salty in this scenario, but you only get half as a lump sum anyway, and having $1 billion taxed at roughly half is probably how it should be.

The thing that makes it painful is as OP said, all billionaires should be getting taxed like this, not just that one who can't exploit tax loopholes.

[–] lud@lemm.ee 5 points 6 days ago* (last edited 6 days ago) (1 children)

I'm kind of surprised the USA taxes lottery winnings and I live in one of the heaviestly taxed countries. We don't tax lottery winning or other winnings from games of chance. Only winnings from games where some skill is involved (like poker I believe) is taxed.

[–] Jimmycakes@lemmy.world 4 points 6 days ago

They say the taxes generated are used strictly for education but they just cut the amount the lottery tax generates out of the budget and using it on tax breaks for the wealthy and still continue to pay teachers dog shit. This country is truly depraved in every way.

[–] DicJacobus@lemmy.world 3 points 6 days ago (1 children)

idk what's worse. the punchline of this joke, with pre-existing elites not being taxed, or the fact that someone could look at recieving 420 million, and find an excuse to get mad about it

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[–] Blackout@fedia.io 4 points 6 days ago

I can tell you what I would do with $424m, disappear. I'd still do good with most of it but I'm going to leave human society and go join a herd of elephants.

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