Washington Capitals' Kacharov won $1M in lottery

Discussion in 'National Hockey League Talk' started by Kshahdoo, Aug 13, 2019.

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  1. KirkAlbuquerque

    KirkAlbuquerque Registered User

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    Lol it was a Canadian who started it because someone insinuated that a Canadian might want to stay in the US.
     
  2. Caeldan

    Caeldan Whippet Whisperer

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    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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  3. tony d

    tony d HFBoards Sponsor Sponsor

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    Congrats to him on his lottery win, way to go.
     
  4. TheTakedown

    TheTakedown Puck is Life

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    are you not aware of how federal taxes work?
     
  5. Tomas W

    Tomas W Registered User

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    Kaschin-arov
     
  6. TheKrewe

    TheKrewe Registered User

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  7. Jussi

    Jussi Registered User

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  8. Howboutthempanthers

    Howboutthempanthers Thread killer. Sponsor

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  9. cptjeff

    cptjeff [insert joke here]

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    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.
     
  10. joe dirte

    joe dirte Registered User

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    you mean like millions who go per year?
     
  11. McNurse

    McNurse Registered User

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    I like this thread
     
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  12. CiCi

    CiCi Registered User

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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.
     
  13. Tripod

    Tripod Registered User

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

    IlikeEich Registered User

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

    energy-subsidies-chart.jpg


    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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  15. BertCorbeau

    BertCorbeau Global Moderator

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    Ok, we're done here.
     
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