Tax on the stupid

[JEDI]

Lotteries when odds of winning > jackpot $.

What else?

 

[giantpinkbunnyhead]

People who paid $3000+ for the first PS3/ 360's on ebay?

 

[akshatp]

People who bet on Roulette/Slots

 

[halik]

Originally posted by: JEDI
Lotteries when odds of winning > jackpot $.

What else?

umm you mean (jackpot $) * (odds of winning) < (ticket price $)

 

[imported_mateo]

Yep... lottery = tax for the mathmatically challenged

 

[Stunt]

Credit Card interest.

 

[BurnItDwn]

For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

 

[waggy]

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

 

[akshatp]

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

LOL

 

[fleshconsumed]

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

 

[giantpinkbunnyhead]

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Not really. you're being taxed on the winnings, not the $1 you paid for the ticket. If they taxed that too, then you'd be double taxed on that dollar.

 

[waggy]

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

then they should cancel every other tax. since you buy items with that money and then taxed on it.

 

[manlymatt83]

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

uhhh....they only tax your winnings, not the $1 you spent to get the ticket to win. That money was never yours.

 

[Vegitto]

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Heh, next thing you know, you'll have to pay tax over your tax.

 

[fleshconsumed]

Originally posted by: giantpinkbunnyhead

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Not really. you're being taxed on the winnings, not the $1 you paid for the ticket. If they taxed that too, then you'd be double taxed on that dollar.

You're not getting it. Look at the big picture. Lots of people buy lottery tickets with their hard earned money that were already taxed. When people buy tickets, the money comes from their pockets, and those money were already taxed when they received their paycheck. When someone wins the lottery those money get taxed again for the second time.

It's just like inheritance tax, you pay taxes as you earn money, and then your children pay taxes on the money that you left them again.

 

[Ika]

Monster and Bose products

 

[waggy]

Originally posted by: fleshconsumed

Originally posted by: giantpinkbunnyhead

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Not really. you're being taxed on the winnings, not the $1 you paid for the ticket. If they taxed that too, then you'd be double taxed on that dollar.

You're not getting it. Look at the big picture. Lots of people buy lottery tickets with their hard earned money that were already taxed. When people buy tickets, the money comes from their pockets, and those money were already taxed when they received their paycheck. When someone wins the lottery those money get taxed again for the second time.

It's just like inheritance tax, you pay taxes as you earn money, and then your children pay taxes on the money that you left them again.

you ar emissing his point. you are not taxed EVER on taht 100 million. so yes you should be taxed on it.

anyway does it really matter? does getting taxed on 100 million you won make you stupid? if so ****** make me stupid. i will gladly take the 40-60 million left over (wich by the way was his argument).

 

[giantpinkbunnyhead]

Originally posted by: fleshconsumed

Originally posted by: giantpinkbunnyhead

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Not really. you're being taxed on the winnings, not the $1 you paid for the ticket. If they taxed that too, then you'd be double taxed on that dollar.

You're not getting it. Look at the big picture. Lots of people buy lottery tickets with their hard earned money that were already taxed. When people buy tickets, the money comes from their pockets, and those money were already taxed when they received their paycheck. When someone wins the lottery those money get taxed again for the second time.

It's just like inheritance tax, you pay taxes as you earn money, and then your children pay taxes on the money that you left them again.

Nope. You are taxed on INCOME. If you earn $40,000, and pay tax on it... then win $40 million, you pay tax on that too. Nothing is getting double taxed. You paid tax on the dollar you bought the ticket with.... but you're not paying tax on it AGAIN if you win. If your income was $40,040,000... that's how many dollars you pay tax on.

With inheritance, again it's not double taxation. Your parents would pay tax when they earn the money... then when you inherit it... it's income, and YOU pay tax on it. Neither you, nor your parents, paid tax on it twice. Each time, it was income to either you, or your parents.

A dollar gets taxed every time it gets received by somebody as income. It doesn't not count just because the dollar came in an inheritance.

 

[Itchrelief]

Um, money circulates. It's impossible to NOT double tax unless your economy somehow has every single dollar being spent ONCE then being hoarded/destroyed.

 

[grohl]

cigarettes

 

[funboy6942]

Originally posted by: giantpinkbunnyhead

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Not really. you're being taxed on the winnings, not the $1 you paid for the ticket. If they taxed that too, then you'd be double taxed on that dollar.

LOL that statement made me laugh because arnt you being double taxed on every penny you make? You get taxed when you make your wages then anytime you go spend your wages on something your taxed yet again.

 

[waggy]

heh personally i think you all are argueing the wrong point.

 

[giantpinkbunnyhead]

Originally posted by: funboy42

Originally posted by: giantpinkbunnyhead

Originally posted by: fleshconsumed

Originally posted by: waggy

Originally posted by: BurnItDwn
For the lottery, even if the odds somehow were in your favor, the fact that they take a HUGE chunk of it in taxes makes it pretty much ALWAYS a tax on the stupid.

yes. since you know spending $1 and winning 100 million with the goverment takeing 40% makes you stupid.

same with working. the goverment take a huge chunk! all those stupid people working hahahahah idiots.
😕

You earn your money, you pay tax once. People finance lottery by using their taxed money. So when government takes 40% tax from your lottery winnings it takes taxes from money that were already taxed.

That's double taxing.

Not really. you're being taxed on the winnings, not the $1 you paid for the ticket. If they taxed that too, then you'd be double taxed on that dollar.

LOL that statement made me laugh because arnt you being double taxed on every penny you make? You get taxed when you make your wages then anytime you go spend your wages on something your taxed yet again.

In a way... yes.. but it's different tax. I think we were debating on the income tax. Also depends where you live... Like where I live, there is no state tax and no sales tax, so most of my money really is taxed only once.

 

[vi edit]

Taxes aren't elective. Buying a lotto ticket is.

 

[waggy]

Originally posted by: vi_edit
Taxes aren't elective. Buying a lotto ticket is.

true. but does paying taxes on wining 100 million make you stupid? hmm