PF Question re Powerball

Discussion in 'Political Opinions & Beliefs' started by Phoebe Bump, Jul 24, 2013.

  1. Phoebe Bump

    Phoebe Bump New Member

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    If you won a $590,000,000 Powerball jackpot, would you (*)(*)(*)(*) and moan about having to pay 37% in federal income tax?
     
  2. Murikawins

    Murikawins Banned at Members Request

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    Good question. No I personally wouldn't, given it took absolutely no skill or effort to get it. But I understand that some of my brethren would take a more extreme stance about money that IS yours.
     
  3. submarinepainter

    submarinepainter Well-Known Member Past Donor

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  4. Phoebe Bump

    Phoebe Bump New Member

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    Well, you DID pay $2 for the ticket. You paid your money and you tooks your chances just like any investor. And the money IS yours.
     
  5. Beevee

    Beevee Well-Known Member Past Donor

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    In many countries that have lotteries the tax is deducted at the time the ticket is purchased so that everyone who buys one is contributing to the government's coffers. The winnings are then deemed tax paid and all of it is received by the winner.

    It probably could not work that way in the US as conservatives despise the idea of even one cert of their money ending up with the Treasury.
     
  6. Murikawins

    Murikawins Banned at Members Request

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    Agreed. No problem with it, but regardless I think you're a bit stingy if you're going to whine about taxes when you win that much $ lol
     
  7. Taxcutter

    Taxcutter New Member

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    Nope. Not me.

    I'd pay the tax and laugh.
     
  8. Phoebe Bump

    Phoebe Bump New Member

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    US conservatives, especially the wealthy ones, just don't understand the jackpots they've hit. My suggestion is they try striking it rich in Tanzania or Afghanistan.
     
  9. Murikawins

    Murikawins Banned at Members Request

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    LOL HERE WE GO. Very different - conservatives are much more apt to either a. work for or b. have the skills required to make their money, or both. What a (*)(*)(*)(*)ing joke lol
     
  10. Pennywise

    Pennywise Banned

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    Of course. WTF did the government do for the money? Nothing. And all they will do is p!ss it away on wasted programs and slight of hand.

    Because it's a windfall I shouldn't care? Please.
     
  11. Phoebe Bump

    Phoebe Bump New Member

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    All I'm saying is that if you possess all those great skills, you should be able to make money wherever you go. You don't require infrastructure, you got SKILLS, by golly. Put 'em to work in Tanzania. Make a fortune. Best of luck to you and your skills.
     
  12. Albert Di Salvo

    Albert Di Salvo New Member

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    If illegal aliens can wander wherever they want in America I don't think there is any obligation by citizens to move overseas.
     
  13. Daggdag

    Daggdag Well-Known Member

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    I would not mind it. I could live very comfortably on $371,700,000. The only problem I have is that most of that money would end up going into the pockets of lobbyists, corporate executives, and politicians.
     
  14. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Me too, all the way to the bank.

    I don't have a problem paying taxes, the problem is what the Government DOES with it. Last year the Government $261 BILLION dollars in improper payments. In other words, they handed our the money WE paid in when it shouldn't have been. Are the employees that sloppily supervised? I drove and Armored Truck delivering money for a living for 20 years, one ooppss with a $25 dollar box of pennies and you were terminated. How do those clowns get to keep their jobs handing out $261 BILLION dollars that shouldn't have been?
     
  15. Spiritus Libertatis

    Spiritus Libertatis New Member Past Donor

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    On principle I can't abide by the government taking a greater cut of my money than someone else just because it's "not fair".

    Does it matter? Well -

    With that amount of money? Hell no. But it's stillk wrong.
     
  16. Taxcutter

    Taxcutter New Member

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    If one would turn their noses up at $371 large just because somebody else got some, they have serious envy problems.

    Now if they came and wanted some of my $371 grand, I have a problem.
     
  17. perdidochas

    perdidochas Well-Known Member

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    Of course. Anybody with any sort of common sense would.
     
  18. Pennywise

    Pennywise Banned

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    No, see you're supposed to be grateful that Big Brother didn't take 75%.
     
  19. johnmayo

    johnmayo New Member Past Donor

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    No way, that would be a tax deduction, the rate is 39%. 39% would be far too much. Don't forget the 15.3% of Soc Sec on the first 100k a year, plus state and local taxes.
     
  20. perdidochas

    perdidochas Well-Known Member

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    No SS is taken out of lottery winnings. SS is out of working income only.
     
  21. johnmayo

    johnmayo New Member Past Donor

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    It isn't considered regular income? I thought gambling was subject to the self employment tax. Poker winnings are I am pretty sure. Hopefully I am wrong, I do plan to hit at some point. :)
     
  22. Random_Variable

    Random_Variable New Member

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    What makes you think conservatives are against the idea of infrastructure? More generally, what makes you think conservatives (or even libertarians) are completely against taxation or the existence of government? They aren't anarchists ...
     
  23. Phoebe Bump

    Phoebe Bump New Member

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    My bad. Conservatives like infrastructure. They just don't like paying for it.
     
  24. Phoebe Bump

    Phoebe Bump New Member

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    I don't think you're gettin' it, Al. Everybody in America who has struck it rich has done so because the support system has been in place, whether it's the freeway system, the banking system or the tax system. If you disagree, try taking your 'skills' were those support systems are NOT in place. You will find out within 3 months that your skills don't mean dick. America makes millionaires, not the other way around. And it's way past time for the big money people recognize that fact rather than sniveling about taxes.

    Of course it's not my goose laying golden eggs. If they want to kill their own goose, proceed.
     
  25. Object227

    Object227 Well-Known Member

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    Oh the irony. Consider where the government has to obtain all of it's resources (hint: the private sector). Governments DON'T produce anything.
     

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