 |
Senior Member
|
|
Join Date: Jun 2008
Location: Great White North
Posts: 3,172
Favourites (more):
|
|
|
Senior Member
Join Date: Jun 2008
Location: Great White North
Posts: 3,172
Favourites (more):
|
I can't type the pound sign but but I did think it would have worked out to something like $200,000 USD,
but,
that goes to show how much I pay attention to exchange rates.
But here is the next question:
An American friend of ours moved here to Canada and was delighted to find out that lotto winnings are tax-free.
If you win a million.. you get a million.
From what she tells us - the US government taxes your winnings. You win a million and you actually 'net' whatever is left.. and they tax huge on big money.
(dont remember the percent but I thought she says 38%)
Anyways... anyone know how that works with a BBUK Winner?
It really isn't THAT much money after all. 100 thousand pounds and if you did get taxed (say 38%) then wtf?
Obviously I'd LOVE to have that instead of 'no money' but that really just buys you a new car and maybe a downpayment on a modest home.
$163,000 in Canada and you could could buy a very modest house. I mean in most big cities that isn't even a house.
In my city that is a very smaller older home with a tiny backyard and even that is assuming you get a good deal in the currently suffering market!
Again, Id LOVE to win that kind of money but it just makes me laugh to think some winners actually believed they would 'live large' and were now rich.
Uh no.
You maybe pay off uni debts and get a decent car and maybe enough for a downpayment if you are careful.
Then you have three parties and a vacation and you are broke again.
|