Slava Ukraini 🇺🇦
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You do not refute my comparative point that, for an American winner, the government takes one bite when the prize is received and another bite from the yield on what remains, whereas a U.K. winner only faces the latter.
You do not refute my comparative point that, for an American winner, the government takes one bite when the prize is received and another bite from the yield on what remains, whereas a U.K. winner only faces the latter.
Relative to the UK model, the US system subjects the same underlying pot of money to 2 layers of tax that a UK winner escapes on the first layer. Americans are taxed on lottery winnings = 1x taxed
Then taxed on interest and/or CG of the remainder = 2x taxed
Relative to the UK model, the US system subjects the same underlying pot of money to 2 layers of tax that a UK winner escapes on the first layer. Americans are taxed on lottery winnings = 1x taxed
Then taxed on interest and/or CG of the remainder = 2x taxed
Relative to the UK model, the US system subjects the same underlying pot of money to 2 layers of tax that a UK winner escapes on the first layer. Americans are taxed on lottery winnings = 1x taxed
Then taxed on interest and/or CG of the remainder = 2x taxed
Relative to the UK model, the US system subjects the same underlying pot of money to 2 layers of tax that a UK winner escapes on the first layer. Americans are taxed on lottery winnings = 1x taxed
Then taxed on interest and/or CG of the remainder = 2x taxed
Socialism is what they called social security.
Socialism is what they called the growth of free and independent labor organizations.
Socialism is their name for almost anything that helps all the people.
—Harry Truman, 1952
Socialism is what they called social security.
Socialism is what they called the growth of free and independent labor organizations.
Socialism is their name for almost anything that helps all the people.
—Harry Truman, 1952