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Old 01-10-2012, 19:30   #12
egg&chips
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Re: Lottery Winnings

Quote:
Originally Posted by Eric View Post
I don't know; but if you lose more than you afford, it could cost you an arm and a leg

And there is no tax on lottery winnings in Canada ... altho' some think that the lottery itself is a kind of tax.
It's certainly my opinion Eric. I object to how most revenue is gathered in the North and 'good causes' money distributed in the South. I suspect that a decent proportion of lottery cash is spent on stuff that our beloved leaders would have to finance were it not being done already. I think the lottery winnings should be taxed over a certain amount like in betting shop winnings on untaxed wagers.

By the way does anyone else object to the way the BBC gives a free advert to the profit making organisation Camelot??- sorry if it veers from the original post.
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