Almost 75 % taxation

This newspaper headline was shared to me today about someone winning the +2 billion dollar Powerball lottery. Apparently the winner can only keep a mere 600 million USD. Because the rest is taxed out of the winner…

That seems just nuts. It’s not like casino winnings are taxed? Why in heaven’s name tax a lottery? In Belgium that is probably the only thing that is not taxed…

Ah well, 600 million isn’t bad either!

Sincerely,

Pele23

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