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I am confused...

flyboyron

By flyboyron
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Prokopchuk_9 Senior Enthusiast

Prokopchuk_9

Posted
Posted
Wait Canada has a government and taxes?! :lol:

I thought it was just a bunch of crazy rednecks up there.

Many people who won haven't declared it. They claim the money but don't announce it to everyone on tv.

 

Lol didn't you hear? We just got our first weekly newspaper too!! Trollololol

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MikeNH Senior Enthusiast

MikeNH

Posted
Posted

Wait Canada has a government and taxes?! :lol:

I thought it was just a bunch of crazy rednecks up there.

 

Many people who won haven't declared it. They claim the money but don't announce it to everyone on tv.

 

 

It depends on the lottery- Powerball requires your winning be made public, though not all state lotteries are like that. I know I'd sure as hell keep a low profile if possible.

SarahsGMC Senior Enthusiast

SarahsGMC

Posted
Posted

I'd live the way I do now even with millions of course I'd buy my own place etc but I'm not gonna roll around this small town in a Lamborghini I'd just build trucks and live comfortable invest in a business etc

 

 

Sent from your truck via Tapatalk

MikeNH Senior Enthusiast

MikeNH

Posted
Posted

I'd buy a modest house someplace quiet and blow the money in the garage/shop and the armory (like any dream home of mine wouldn't have an armory! :lol:). Pretty sure that would have to include some of the exotic stuff. I mean you have to love Lambo for being vulgar enough to call launch control "thrust mode" in the new Aventador. Haha

 

Oh and trophy wife too. :lol:

SILVERADOSC540 Senior Enthusiast

SILVERADOSC540

Posted
Posted

It's a pretty ridiculous system of taxation. I think the taxes on a lump sum like that comes out to about 32-35%.. so about 14.3 million after taxes. Then theirs inheritance tax.. gift tax.. vehicle tax.. housing taxes.. 6-8% taxes at store fronts.. so if the person spends the 14 million, yea probably 800,000+ goes to taxes just from spending it. I think you see a lot of the people you see go broke after winning the lotto is from buying ridiculous houses and then having insane property taxes.. and blow it.. and then cannot afford the taxes to even keep there lifestyle afloat.

 

Bottom line.. I'd love to know what the government does with all our Fn money.. because I know my roads around here suck.. all taxes are going up.. err.. just badness.. lol

Don't forget the estate tax. If you die before you spend it all, they tax the same money all over again. All that being said, and with all due respect to our neighbors to the north who probably and justifiably feel the same way, we live in the greatest country on the planet, and I'm willing to pay for that luxury. I'm sure that the taxes are much lower in other places. Places that I don't want to live in.

FargoZ71 Enthusiast

FargoZ71

Posted
Posted

Lol...you guys have no room to whine about taxes lol. Come up to Canadaland. 42% gets taken off my cheques, then 13% on every purchase I make. 2600 a year land tax on my property... I Wouldn't whine about winning 22 million LOL

 

 

If you factor in how many American's pay 450-800+ per month for health care.. I think you have a pretty raw deal. avg income of 2000-2500 for a person.. 800/2500 = 32%. On top of the 33% on avg thats taken out already. So they are working for 35% of their check total after healthcare in SOME instances.

MikeNH Senior Enthusiast

MikeNH

Posted
Posted

I don't know anyone who pays that much per month on health insurance. Even for family plans.

MikeNH Senior Enthusiast

MikeNH

Posted
Posted

I pay about $100/month but because I work for a smallish company it costs more. Bigger companies tend to be cheaper. Family insurance might be like $230. If someone is spending $800/month for insurance they're getting shafted. And my overall deduction percentage isn't even 30% not counting 401k contribution so I don't know where those numbers come from. I have lots of customers I've talked at length with in Canada about taxation and such and Canada definitely takes a bigger bite, especially in the eastern provinces but y'all seem to get more shit from it- like your govt is a bit better at spending the tax dollars but then again it's the US that keeps the bad guys overseas in line. This budget crap is complex. :lol:

RyanbabZ71 Senior Enthusiast

RyanbabZ71

Posted
Posted

You guys pay 500-800 a month for health insurance???? Really??

No

 

 

Ryan

tanked_darren Senior Enthusiast

tanked_darren

Posted
Posted

Apparently the new budget is going to raise the tax on cigarettes to $1.95/pack. And raise taxes on middle and upper class (more). And that's still a trillion dollar deficit! Where does it go?!

In british columbia we pay almost 11$ for one pack of smokes and don't get me started on beer and liquor i get excited when I can bring liquor back from the US.

'01LS1 Senior Enthusiast

'01LS1

Posted
Posted

Don't forget the estate tax. If you die before you spend it all, they tax the same money all over again. All that being said, and with all due respect to our neighbors to the north who probably and justifiably feel the same way, we live in the greatest country on the planet, and I'm willing to pay for that luxury. I'm sure that the taxes are much lower in other places. Places that I don't want to live in.

 

I am sure most agree with the above. BUT it is the billions you read about weekly that the gov't knows is fraud, waste or abuse & they do NOTHING about it. That money is going somewhere & more than likely lining peoples pockets who are either lobbyists or have friends in Washington DC. 7 of the 10 richest counties in the country surround the place. http://www.politifact.com/ohio/statements/2013/jan/14/jim-jordan/jim-jordan-says-seven-nations-10-wealthiest-counti/

 

The media does not cover him like they should, but research Senator Coburn from OK. Two years ago he identified $10 Billion that was pure duplication & when he brought the info to Harry Reid, it was ignored. He has since found billions more, yet we have a administration pushing class warfare to only TAX more. I NEVER thought the American public would support higher taxes, even if intended for the wealthy, it never stops there.

 

http://www.coburn.senate.gov/public/index.cfm/rightnow?ContentRecord_id=f814fffa-cd82-4130-a617-0b6fd368511f

tanked_darren Senior Enthusiast

tanked_darren

Posted
Posted

If you think the US is the greatest country on the planet to LIVE in your wrong. I'm not trying to bash the US but it is not the best country to live in. I'm not even going to say Canada is the best to live in.

 

I dont even think in the world opinion the US makes top 10 on many different top 10's. I'm not saying the US isn't good to live in, but no way in hell is it the best to live in and that is a fact.

 

If you think it is the best that would be your opinion at best not a FACT

 

 

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