this post was submitted on 30 Dec 2024
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That's insane. In Europe when you'd win 1 billion € you get 1 billion €, no taxes, no lump sum reward.
Its a moot point because you're never going to win the lottery.
Are the lotteries state owned? In Quebec, that's why lotteries is not taxed. State lottery is a voluntary taxes in a itself
Lotteries historically were setup as a fundraising efforts by governments, hence taxing lottery winnings