Phuket Taxi and Transfers

Page 1 of 6 123 ... LastLast
Results 1 to 20 of 111
Like Tree36Likes

Thread: US lottery 1.4billion dollars!

  1. #1
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248

    US lottery 1.4billion dollars!

    1st this is unreal.
    2nd it is sort of despicable that they have only done this by increasing the odds of winning by a huge % only to bring in more people to keep playing
    So basically a money grab.

    You would clear over 600million USD after taxes if you take the lump sum.
    Really amazing if you think about it if 1 person wom they'd be among some of the richest in the world from a lottery!

    And I just happen to be in the US tomorrow to play it 555
    justcruzing1 likes this.

  2. #2
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Moo Uaon's Avatar
    Join Date
    Aug 2012
    Location
    เชียงใหม่
    Posts
    18,935
    no tax on lottery wins like that in Oz.
    FACE YOUR FEARS LIVE YOUR DREAMS

  3. #3
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248
    Quote Originally Posted by Moo Uaon View Post
    no tax on lottery wins like that in Oz.
    Well there is......it's just taken out beforehand so the amount is after tax already.
    Same in Canada

    But it is a ploy the US uses to attract more players by advertising a bigger pre-tax amount

  4. #4
    Foundation Member Thai Dreamer ผู้เพ้อฝัน Sydney's Avatar
    Join Date
    Feb 2011
    Location
    Sydney Australia
    Posts
    7,167
    Quote Originally Posted by MarcTwoSix View Post

    And I just happen to be in the US tomorrow to play it 555
    And you have a fair chance of wining too !! .... a one in 292,000,000 chance, pretty good ..55
    Quarky likes this.
    The only thing that will stop you from fulfilling your dreams is you.

  5. #5
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248
    Quote Originally Posted by Sydney View Post
    And you have a fair chance of wining too !! .... a one in 292,000,000 chance, pretty good ..55
    Worth a punt.....as you guys would say!

    We also did a group one at work
    I figure that will win because there would be backlash that a bunch of Canadian bankers who aren't hurting for money win it 555

  6. #6
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Dupree's Avatar
    Join Date
    Nov 2012
    Location
    Frithco
    Posts
    10,239
    Anybody want to go halvesies on a ticket? 55
    I just girl in bar. Buy me one dink?....

  7. #7
    Uber Star Soi wanderer Uber Dreamer ผู้เพ้อฝัน Nomad's Avatar
    Join Date
    Jul 2012
    Location
    lOZt
    Posts
    2,660
    Quote Originally Posted by Dupree View Post
    Anybody want to go halvesies on a ticket? 55
    You not make enough in tips yesterday Dupree? 555
    "Don't wait around for your life to happen to you. Find something that makes you happy and do it. Everything else is just background noise." George Mason

  8. #8
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Moo Uaon's Avatar
    Join Date
    Aug 2012
    Location
    เชียงใหม่
    Posts
    18,935
    ok,i thought you meant the player had to pay tax.

    of course the pool would be taxed before any pay out here too.
    FACE YOUR FEARS LIVE YOUR DREAMS

  9. #9
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248
    Quote Originally Posted by Moo Uaon View Post
    ok,i thought you meant the player had to pay tax.

    of course the pool would be taxed before any pay out here too.
    No.....they do
    But the US advertises the pot amount before taxes whereas Australia and Canada advertise the after tax amount

  10. #10
    Foundation Member Thai Dreamer ผู้เพ้อฝัน Sydney's Avatar
    Join Date
    Feb 2011
    Location
    Sydney Australia
    Posts
    7,167
    Quote Originally Posted by Dupree View Post
    Anybody want to go halvesies on a ticket? 55
    Screw that, i am not sharing my 1.4 billion with anyone !! ... .






























    Ohh wait, wrong country ............................................. ok i am in
    The only thing that will stop you from fulfilling your dreams is you.

  11. #11
    Foundation Member Thai Dreamer ผู้เพ้อฝัน Sydney's Avatar
    Join Date
    Feb 2011
    Location
    Sydney Australia
    Posts
    7,167
    Quote Originally Posted by MarcTwoSix View Post
    No.....they do
    But the US advertises the pot amount before taxes whereas Australia and Canada advertise the after tax amount
    Nope ! .... you are having a off day ..555

    No taxes on any winnings in Australia ... only tax on income derived later from the winnings
    The only thing that will stop you from fulfilling your dreams is you.

  12. #12
    ประเทศไทยเพื่อน Founding Member Thai Dreamer ผู้เพ้อฝัน PeteGill's Avatar
    Join Date
    Feb 2011
    Location
    South Africa
    Posts
    15,204
    Almost enough to buy a small country...

  13. #13
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248
    Quote Originally Posted by Sydney View Post
    Nope ! .... you are having a off day ..555

    No taxes on any winnings in Australia ... only tax on income derived later from the winnings
    What I am saying is Canada and Australia already take their cut before the winnings
    The US takes it after
    Same result.

    Believe me.....Australia and Canada are great countries but they aren't putting on a lottery out of the goodness of their hearts 555

  14. #14
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน Moo Uaon's Avatar
    Join Date
    Aug 2012
    Location
    เชียงใหม่
    Posts
    18,935
    they take their cut from the pool and the winner gets the lot after that....no commitment to the winner.
    FACE YOUR FEARS LIVE YOUR DREAMS

  15. #15
    ประเทศไทยเพื่อน Founding Member Thai Dreamer ผู้เพ้อฝัน Changone's Avatar
    Join Date
    Feb 2011
    Location
    .
    Posts
    12,399
    Quarky likes this.

  16. #16
    Foundation Member Thai Dreamer ผู้เพ้อฝัน Sydney's Avatar
    Join Date
    Feb 2011
    Location
    Sydney Australia
    Posts
    7,167
    Quote Originally Posted by MarcTwoSix View Post
    What I am saying is Canada and Australia already take their cut before the winnings
    The US takes it after
    Same result.

    Believe me.....Australia and Canada are great countries but they aren't putting on a lottery out of the goodness of their hearts 555
    OK cut is a more correct way of calling it .... its not a tax at all, there is no tax involved, its more a profit after all costs of running the lottery ( about 34 cents in the dollar ) and then handed onto things like hospitals, health services, sporting organisations, arts and cultural groups ...

    For Australia this is run at a state level .....
    The only thing that will stop you from fulfilling your dreams is you.

  17. #17
    Foundation Member Thai Dreamer ผู้เพ้อฝัน Sydney's Avatar
    Join Date
    Feb 2011
    Location
    Sydney Australia
    Posts
    7,167
    Quote Originally Posted by Changone View Post
    Hardly a dilemma at 600 million or even hardly a dilemma at 100 million ... thats just your accountant mind at work ..5555

    Take the payout.... tomorrow you might get in the way of a oncoming bus !!
    The only thing that will stop you from fulfilling your dreams is you.

  18. #18
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248
    Quote Originally Posted by Moo Uaon View Post
    they take their cut from the pool and the winner gets the lot after that....no commitment to the winner.
    I know but it comes out the same in the end.
    If the lottery pool is 1 billion in US and you get 600mil after taxes
    The Canada/Aussie lottery is you win 600mil but they already took the 400mil before you won.

    So yes, you don't have to pay taxes on it but the lottery pot is basically the same


    And actually Canada's is a scam
    They cap it at 60million so if no one wins it stays 60mil and the govt keeps all the extra weeks collected until someone wins
    Total BS

  19. #19
    Foundation Member Thai Dreamer ผู้เพ้อฝัน Sydney's Avatar
    Join Date
    Feb 2011
    Location
    Sydney Australia
    Posts
    7,167
    ^^^ But its not into the government coffers in Canada is it ?

    Never looked at it this way before ... lotto is lotto, the amount you win is roughy the amount advertised or promoted .... who cares what happened to the profit as long as it is spent on something for the community
    The only thing that will stop you from fulfilling your dreams is you.

  20. #20
    Uber Star Soi wanderer Thai Dreamer ผู้เพ้อฝัน MarcTwoSix's Avatar
    Join Date
    Jun 2013
    Posts
    21,248
    Quote Originally Posted by Sydney View Post
    ^^^ But its not into the government coffers in Canada is it ?

    Never looked at it this way before ... lotto is lotto, the amount you win is roughy the amount advertised or promoted .... who cares what happened to the profit as long as it is spent on something for the community
    I don't know what you mean on that question?

Page 1 of 6 123 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •