Spartacus Mars Posted September 13, 2012 Report Share Posted September 13, 2012 So it's OK to take fuck loads that you don't deserve as long as you give more in absolute numbers to public fund than others? Quote Link to comment Share on other sites More sharing options...
kaosmark2 Posted September 13, 2012 Report Share Posted September 13, 2012 All I'm saying here anyone here wins the lottery, which is legally tax-free, not one single fucking one of us is sending a cheque to the tax-man with half the winnings. Quote Link to comment Share on other sites More sharing options...
eFestivals Posted September 13, 2012 Report Share Posted September 13, 2012 All I'm saying here anyone here wins the lottery, which is legally tax-free, not one single fucking one of us is sending a cheque to the tax-man with half the winnings. Interesting thought, but not necessarily relevant. We're talking about earnings, not winnings. But if we were, it could be pointed out that the lottery is taxed on input and not output no different to other gambling. And unlike other gambling, it's taxed at an exceedingly high rate - far higher than any possible income or gains taxes. Until you just said that, I'd never considered the possibility of paying tax on lottery winnings (if I was to do it, to be in with a chance of winning it), but now that you have I'm thinking it over. I'll get back to you on this. Meanwhile, we do have a culture where it's 100% normal and expected that earnings income is taxed, which leads me onto this... 1. if I won £1M on the lottery, would I happily hand over half in tax? I'm currently undecided as I've explained above. 2. if I earned £1M in my work, would I happily hand over half in tax. Yes, absolutely. Quote Link to comment Share on other sites More sharing options...
eFestivals Posted September 13, 2012 Report Share Posted September 13, 2012 Until you just said that, I'd never considered the possibility of paying tax on lottery winnings (if I was to do it, to be in with a chance of winning it), but now that you have I'm thinking it over. I'll get back to you on this. By default I won't hand half over as tax. This would be because the lottery is taxed on input (at a very high rate, by what goes to the 'good causes' by act of govt) and not output. However, I've always thought i'd give a chunk to good causes directly. But with you having raised the possibility of paying it over as tax, I'd perhaps consider doing that with some or all of the money I might otherwise give directly to good causes - because I strongly dislike the non-democratic effect of the 'personal cause' element of charity giving. So while I still haven't quite decided if I'd pay it over as voluntary taxes or give it to good causes directly, I'd be happy to see half leave my possession to do something better than I'd do with it personally. Quote Link to comment Share on other sites More sharing options...
kaosmark2 Posted September 13, 2012 Report Share Posted September 13, 2012 By default I won't hand half over as tax. This would be because the lottery is taxed on input (at a very high rate, by what goes to the 'good causes' by act of govt) and not output. However, I've always thought i'd give a chunk to good causes directly. But with you having raised the possibility of paying it over as tax, I'd perhaps consider doing that with some or all of the money I might otherwise give directly to good causes - because I strongly dislike the non-democratic effect of the 'personal cause' element of charity giving. So while I still haven't quite decided if I'd pay it over as voluntary taxes or give it to good causes directly, I'd be happy to see half leave my possession to do something better than I'd do with it personally. Quote Link to comment Share on other sites More sharing options...
eFestivals Posted September 14, 2012 Report Share Posted September 14, 2012 Is there a way to donate funds to the public treasury? there might not be a formal way, but I'm sure they can be persuaded to cash a cheque that's been sent to them. Quote Link to comment Share on other sites More sharing options...
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