this post was submitted on 29 Jul 2023
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Congratulations to the lottery company who was allowed to advertise a $400m prize as $1.28b.
Yep, that's the real issue!
Over here it's not taxed so prizes are smaller but they represent reality!
where? In Europe (euromillions) only prizes below 5k are exempt of taxation everything else is taxed 20%
In Canada
ok, nice!
So tax the tickets and not the prizes? I could get behind that.
You'd get significantly more if you didn't take it in a lump sum