$340 Million Powerball

In ,
W P Dixon typed:
Yeah,
but you have to live in Canada

That is certainly one reason why I do.. among many others.. [g]
Principle among them, of course, the fact that I was born and raised here..


Patrick
student SP
aircraft structural mech
and couldn't win a bet on a one horse, horse race!!!

"Ghost" wrote in message
news:UBS5f.252082$tl2.251910@pd7tw3no...

You guys pay tax on the lottery! What a rip off!

I noticed on the website the guy who won $93m but only got $36m, talk
about being stiffed.

Our lottery pays out tax free and in a lump sum. None of this pay you
over 20 years crap. You win $93m you get $93m.

Who runs your lottery, some sort of organized crime syndicate?
Because, I can't believe that a governmental agency would run one
as you describe.

Canada.. does not charge any tax on lottery winnings..
on interest earned, but not on amount won. Current 6-49 national Lottery
is currently up to around $30 million and the winner will get a cheque
for all of it.

--
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If we are what we eat, then I'm easy, fast, and cheap.

wrote in message
oups.com...

Chris wrote:
"Montblack" wrote in message
...
It's airplane-buying time again. It's been almost 3 years!!

http://www.powerball.com/
$340 million dollar prize. Drawing on Wednesday evening.


You guys pay tax on the lottery! What a rip off!

I noticed on the website the guy who won $93m but only got $36m, talk
about
being stiffed.

Our lottery pays out tax free and in a lump sum. None of this pay you
over
20 years crap. You win $93m you get $93m.

Who runs your lottery, some sort of organized crime syndicate?
Because, I can't believe that a governmental agency would run one
as you describe.

The National Lottery licenced by the Government
http://www.national-lottery.co.uk/pl...boutHistory.do

You have to believe it too.
I can buy tickets on-line too.

That is certainly one reason why I do.. among many others.. [g]
Principle among them, of course, the fact that I was born and raised here..

Then it's not your fault...

:-)

Just kidding! We love Canada! Why, heck, it's like our 51st state, but
without having to pay taxes!

;-)
--
Jay Honeck
Iowa City, IA
Pathfinder N56993
www.AlexisParkInn.com
"Your Aviation Destination"

Ghost wrote:

Our lottery pays out tax free and in a lump sum. None of this pay you
over 20 years crap. You win $93m you get $93m.

Who runs your lottery, some sort of organized crime syndicate?
Because, I can't believe that a governmental agency would run one
as you describe.

Canada.. does not charge any tax on lottery winnings..
on interest earned, but not on amount won. Current 6-49 national Lottery is
currently up to around $30 million and the winner will get a cheque for all of it.

Yeah but what is that in real money? ;-)

Jim Burns wrote:
Now I feel depressed and lonely. I thought that you and I were the only
hold-outs left. Now I don't know what to do. Maybe I can borrow a dollar
from a stranger to buy a ticket, then I can still say I've never spent any
of my own money on the lottery. *sigh*

Just think.... for the price of a lottery ticket you could:

I'm still with you here. I always refered to it as a tax on those who
aren't good at math. In Florida, they have been running ads about how
lame it is to only play if the jackpot is high. Apparently enough
people do that to affect their take noticably. Wow.

Now, Montblac, if you do win, do I still get in on the deal? I follow
this group almost daily, but I'm still a student pilot so I don't have
much to add generally.

John Stevens
Solo Student, 32.6 hours

wrote)
[snip]
Now, Montblac, if you do win, do I still get in on the deal? I follow
this group almost daily, but I'm still a student pilot so I don't have
much to add generally.


Sure. (See note below)

BTW, you have more to add than you realize.


Montblack
(Um, we didn't win. Not even close)

In ,
Darrel Toepfer typed:
Ghost wrote:

Our lottery pays out tax free and in a lump sum. None of this pay you
over 20 years crap. You win $93m you get $93m.

Who runs your lottery, some sort of organized crime syndicate?
Because, I can't believe that a governmental agency would run one
as you describe.

Canada.. does not charge any tax on lottery winnings..
on interest earned, but not on amount won. Current 6-49 national Lottery
is currently up to around $30 million and the winner will get a cheque
for all of it.

Yeah but what is that in real money? ;-)

I assume you are referring to US Dllars, or Euros?. Yen.. etc.. in any event these days about .85 cents US, but then we still get to keep it all, not turn over 50% to the govt, or wait 20 yrs to collect, while still paying taxes.. I'll take our way.. [g] Might be less, but it's all mine, and I can spend it now.. assuming one wins, of course [g]

--
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Thou shalt not weigh more than thy refrigerator.

wrote:
Jim Burns wrote:

Now, Montblac, if you do win, do I still get in on the deal? I follow
this group almost daily, but I'm still a student pilot so I don't have
much to add generally.

John Stevens
Solo Student, 32.6 hours

The winner was in Jacksonville, Oregon. A tiny town near the California
border. I haven't been there in over 25 years but there wasn't much to
the town then. I suspect that lottery winnings is more than the rest of
the town is worth...

Tony

Ghost wrote:


Might be less, but it's all mine, and I can spend it now.. assuming one
wins, of course [g]


That's the hard part. ;o)

Tony

"Jay Honeck" writes:

From my perspective, the lottery is just a "stupid tax" that I am
not required to pay. However, many others do...

That's my perspective, too.

Yet, today, for some reason, Mary and I blew a $5 bill on FIVE (count 'em --
FIVE!) Powerball tickets!

That's five more than we've ever bought before! (We actually had to ask
the clerk how to play the lottery. The people in line were incredulous...)

I feel so, so, I don't know....*stupid*...

:-)

I've called it "paying my stupidity tax" quite often myself.

Let me offer for your possible use my rationalizaton: While, in
strictly *financial* terms it's a bad bet, that's not what actually
matters. In some arbitrary measure of personal "utility", an
occasional dollar spent on a lottery ticket is a complete triviality,
it doesn't constrain any other portion of my life at all. However,
winning 340 million dollars would completely transform some segments
of my life (in ways I think would be for the better), a great increase
in utility. Hence buying a lotter ticket is risking "nothing" to
potentially (very low probability) gain a great deal -- clearly a
rational decision.

Hope that helps!
--
David Dyer-Bennet, , http://www.dd-b.net/dd-b/
RKBA: http://noguns-nomoney.com/ http://www.dd-b.net/carry/
Pics: http://dd-b.lighthunters.net/ http://www.dd-b.net/dd-b/SnapshotAlbum/
Dragaera/Steven Brust: http://dragaera.info/