Thursday, April 29, 2004
Tax on Lotteries?:
Word is out that our friend Dalton is considering taxing lottery winnings. Shouldn't come as any great surprise when we look at his record to date. He has broken virtually every promise he made during the election, so it's hardly shocking that he would break the governments agreement with the people one more time. The government runs the lottery in Ontario. Therefore they already generate significant funds from it. Taxing the lottery would be the equivalent of a business earning profit from an adventure and then getting the added bonus of taxing the earnings of their partner. Sweet!!! Suddenly your Million Dollar Winner just turned into 500,000. The governments moral ground with lotteries is tenuous to begin with as many people believe that our leaders should not be involved with what is essentially a gambling scheme, and one with very poor odds for the players to boot. They should be content with the earnings they make already if not get out of the game all together.
Word is out that our friend Dalton is considering taxing lottery winnings. Shouldn't come as any great surprise when we look at his record to date. He has broken virtually every promise he made during the election, so it's hardly shocking that he would break the governments agreement with the people one more time. The government runs the lottery in Ontario. Therefore they already generate significant funds from it. Taxing the lottery would be the equivalent of a business earning profit from an adventure and then getting the added bonus of taxing the earnings of their partner. Sweet!!! Suddenly your Million Dollar Winner just turned into 500,000. The governments moral ground with lotteries is tenuous to begin with as many people believe that our leaders should not be involved with what is essentially a gambling scheme, and one with very poor odds for the players to boot. They should be content with the earnings they make already if not get out of the game all together.
# posted by Wil Smith : 5:59 a.m.
