Washington Capitals' Kacharov won $1M in lottery

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Caeldan

Whippet Whisperer
Jun 21, 2008
15,459
1,046
Canadian lottery winners are not taxed.
He would get the full $1million if he played here.

Are Lottery Winnings Taxed in Canada? - Lottoland.com

It's both yes and no. The amount you receive from the lottery is not considered income for taxes, but one of the reasons our lottery amounts aren't as high (other than the US having up to 9x the number of lottery players) is that the prize money awarded is the "after tax" amount. So the government already gets theirs before it comes to you.

I used to be able to source this claim but can't find it now... Hmmm..
 
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Krewe

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Mar 12, 2019
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cptjeff

Reprehensible User
Sep 18, 2008
20,381
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Washington, DC.
Corporate subsidies would be labour.
Most of them are structured as tax deductions so they don't show up on an expenditures chart at all. It's not a matter of the US government actually paying cash to farms, (though that does exist) as tax exemptions and refunds for buying crop insurance, fuel used, buying seeds, etc. And nearly all of it goes to large agribusiness conglomerates like Cargill, Tyson, or Perdue, not the actual farmers doing the work on the ground.

The US has a ton of corporate subsidies structured this way, because it makes it very hard to pin down a precise number for just how much money they're getting via favorable tax treatment, and thus a lot harder to rally the public against and fight politically. We also do that for a lot of social welfare benefits, which has the effect of making it incredibly confusing for people to figure out what benefits they qualify for and often makes it quite difficult to claim those benefits.
 

CiCi

Registered User
Aug 14, 2019
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So the guy most likely made a pretty good penny from his day job with the Caps and then he became extremely lucky winning the lottery. I would say before he won the lottery he was doing pretty well money wise so the taxes he has to pay whatever the high amount on this lottery winning probably isn't going to break him after he receives his winnings. In my opinion the guy is probably living it up about right now.
 

Tripod

I hate this team
Aug 12, 2008
78,743
86,024
Nova Scotia
Yeah good thing "people" don't require "food" to live and can sustain themselves on nebulous and factually incorrect anti corporation rants.

Canadians make less, have higher living costs, no good beaches, freeze 9 months a year, have to hop the border any time they get seriously sick or injured to use crappy American health care instead of their amazing socialized health care, but hey, they have... Umm...

No offense, but this is some uneducated post about Canada.
 

TheDawnOfANewTage

Dahlin, it’ll all be fine
Dec 17, 2018
12,023
17,488
This is hysterically, ridiculously inaccurate.

total_spending_pie%2C__2015_enacted.png

..you posted a pie chart that does absolutely nothing to parse out the spending on these two issues, good work.

energy-subsidies-chart.jpg



Yeah good thing "people" don't require "food" to live and can sustain themselves on nebulous and factually incorrect anti corporation rants.

Canadians make less, have higher living costs, no good beaches, freeze 9 months a year, have to hop the border any time they get seriously sick or injured to use crappy American health care instead of their amazing socialized health care, but hey, they have... Umm...

Rant? Here's my sources, where are yours?
About $59 billion is spent on traditional social welfare programs. $92 billion is spent on corporate subsidies. So, the government spent nearly 50% more on corporate welfare than it did on food stamps and housing assistance in 2006.


Welfare Statistics: Government Spends More on Corporate Welfare Than..

Corporate welfare - Wikipedia

Daniel D. Huff, professor emeritus of social work at Boise State University, published a comprehensive analysis of corporate welfare in 1993.[37] Huff reasoned that a very conservative estimate of corporate welfare expenditures in the United States would have been at least US$170 billion in 1990.[37] Huff compared this number with social welfare:
In 1990 the federal government spent 4.7 billion dollars on all forms of international aid. Pollution control programs received 4.8 billion dollars of federal assistance while both secondary and elementary education were allotted only 8.4 billion dollars. More to the point, while more than 170 billion dollars is expended on assorted varieties of corporate welfare the federal government spends 11 billion dollars on Aid for Dependent Children. The most expensive means tested welfare program, Medicaid, costs the federal government 30 billion dollars a year or about half of the amount corporations receive each year through assorted tax breaks. S.S.I., the federal program for the disabled, receives 13 billion dollars while American businesses are given 17 billion in direct federal aid.[37]

Dude, in a free market you just can't get a burger at McDonalds for $2. Making food cheaper doesn't help Americans, it helps corporations, because it's not all food, it's the food they've chosen to subsidize, and I'd rather just pay less in taxes and have the option to eat healthier foods that aren't subsidized to the point of being artificially cheap.​
 
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