Are you playing powerball lottery?

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La Paix

Fuck this place
First 100
Jan 14, 2015
38,253
64,404
Yup. I hope I'm allowed to keep the winnings being a foreigner and all.
 
D

Deleted member 1

Guest
Not sure if serious....

30% withholding

Then the govt of great white North takes its cut..

1 billion CDN becomes 700 million.
Then 33% for Ottawa becomes roughly 466 million

Then you lose 16.8% for British Columbia

See now you're at like 380 million


If I won it I just have the top tax rate at 39%

So I'd take home 600 million Canadian.


There is 220 million Canadian dollars lost by you winning.

I'm willing to set up an extensive trust and corporation system to make sure you and I split that 220 million CDN





Also in the process of this hypothetical I realized that Canada has a much lower income tax rate in the US.

But holy crap between the provincial tax and sales tax they just keep chipping away at you guys.
 

La Paix

Fuck this place
First 100
Jan 14, 2015
38,253
64,404
30% withholding

Then the govt of great white North takes its cut..

1 billion CDN becomes 700 million.
Then 33% for Ottawa becomes roughly 466 million

Then you lose 16.8% for British Columbia

See now you're at like 380 million


If I won it I just have the top tax rate at 39%

So I'd take home 600 million Canadian.


There is 220 million Canadian dollars lost by you winning.

I'm willing to set up an extensive trust and corporation system to make sure you and I split that 220 million CDN





Also in the process of this hypothetical I realized that Canada has a much lower income tax rate in the US.

But holy crap between the provincial tax and sales tax they just keep chipping away at you guys.
If I win I'll buy every member a TMMAC mug.
 

SongExotic2

ATM 3 CHAMPION OF THE WORLD. #ASSBLOODS
First 100
Jan 16, 2015
41,796
54,690
Can you imagine if I get busted by the feds for money laundering a Canadian lottery winner via mixed martial arts coffee mugs?
It would be the 2nd biggest scandal in history

Right behind the Lawlor decision over condit
 

La Paix

Fuck this place
First 100
Jan 14, 2015
38,253
64,404
Can you imagine if I get busted by the feds for money laundering a Canadian lottery winner via mixed martial arts coffee mugs?
Then making a fortune off semen filled coffee mugs. Then we both profit from the movie inspired by real events.
 
D

Deleted member 1

Guest
Correction .. Lottery winnings are tax exempt under Canadian Income Tax Act so...


Made me look this up.

Its not counted as income by either government. It has a separate tax class.

30% for you guys 25% for us.
Can I still convince you to such a convoluted scheme over 50 million Canadian?

I need to move some mugs quick
 

Lamont Cranston

Who knows what evil lurks in the hearts of men?
First 100
Jan 15, 2015
4,905
5,131
Can you buy tickets online from Canada? I could use a billion Canadian dollars.
On on teh OG I sent a guy enough money to buy me a ticket and said if it wins we'll split it.

He bought the ticket but we did not win.
 

Ocean6

Active Member
Jul 31, 2015
62
42
Someone start one here!

Oboe is doing another one over there and a second guy is thinking of adding another one.

I want every chance I can get to win some of that $$$$ and pools are the best way to increase your odds.
 

delightone

Insert Crown here
First 100
Jan 14, 2015
3,437
4,266
Someone start one here!

Oboe is doing another one over there and a second guy is thinking of adding another one.

I want every chance I can get to win some of that $$$$ and pools are the best way to increase your odds.
Yes please
 

La Paix

Fuck this place
First 100
Jan 14, 2015
38,253
64,404
Someone start one here!

Oboe is doing another one over there and a second guy is thinking of adding another one.

I want every chance I can get to win some of that $$$$ and pools are the best way to increase your odds.
In