Quote:
Originally Posted by BareBacked
I have heard people call lottery tax a "Stupid People Tax"
If some spent 9% of their income I tend to agree with the statement lol
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Good thing in Canada is whatever you win on the lotto is not taxed so that saying doesn't work here. Of course, if I would win I'd be paying taxes on everything that I bought, but I would not get taxed a penny on the actual winnings. A couple years back I was 1 # off from winning $12 000 000 on one of the lotteries in Canada. Won like $1909 by matching 6 of the 7 #'s. Had I won the $12 000 000 I would have gotten the full $12 million. I don't play the lottery very much though. Maybe 2 times per year IF that.