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Out of country taxing on lottery winnings on Americans..

Topic closed. 8 replies. Last post 4 years ago by joshuacloak.

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March 31, 2012
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Posted: May 7, 2013, 3:28 pm - IP Logged

I think the currrent tax code sucks *&^%*( when it comes to winning lotteries or casino slot machine jackpots out of the USA..  So if i go to Canada and win either lotto or slot Jackpots i have to pay Obama taxes on winnings and i think that is a bunch of )(**&^^%R&% if you asked me...As you know fellow Canucks that come down to WA state and play in our native american casinos and hit the jackpot never have to pay taxes.. This also goes for illegals out of Mexico that hit the jackpots on casino slots and never pay taxes.. I see it all the time and just not fricken fair for us Americans...

    Original Bey's avatar - Lottery-022.jpg

    Bahamas
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    September 30, 2012
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    Posted: May 7, 2013, 3:35 pm - IP Logged
      helpmewin's avatar - dandy
      u$a
      United States
      Member #106665
      February 22, 2011
      19964 Posts
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      Posted: May 7, 2013, 3:59 pm - IP Logged

      I think the currrent tax code sucks *&^%*( when it comes to winning lotteries or casino slot machine jackpots out of the USA..  So if i go to Canada and win either lotto or slot Jackpots i have to pay Obama taxes on winnings and i think that is a bunch of )(**&^^%R&% if you asked me...As you know fellow Canucks that come down to WA state and play in our native american casinos and hit the jackpot never have to pay taxes.. This also goes for illegals out of Mexico that hit the jackpots on casino slots and never pay taxes.. I see it all the time and just not fricken fair for us Americans...

      well the country ain't gonna run by it's self we all have to pitch in i guess Patriot

      Let it Snow Snowman

        noise-gate's avatar - images q=tbn:ANd9GcR91HDs4UJhjxO7cmeMQWZ5lB_FOcMLOGicau4V74R45tDgPWrr
        Bay Area - California
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        December 12, 2012
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        Posted: May 7, 2013, 5:36 pm - IP Logged

        Uncle Sam is in the business of collecting monies, did you not know that?

          joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

          United States
          Member #32537
          February 12, 2006
          698 Posts
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          Posted: May 7, 2013, 5:38 pm - IP Logged

          bro, think long and hard about this................

          what do large corporations do?

          Bank of America
          Had $17.2 billion in profits offshore in 2012 on which it paid no U.S. taxes. Reported it would owe $4.3 billion in U.S. taxes if profits are brought home.

          Citigroup
          Had $42.6 billion in profits offshore in 2012 on which it paid no U.S. taxes. Reported it would owe $11.5 billion in U.S. taxes if profits are brought home.

          Microsoft
          Saved $4.5 billion in federal income taxes from 2009-2011 by transferring profits to a subsidiary in the tax haven of Puerto Rico. Had $60.8 billion in profits stashed offshore in 2012 on which it paid no U.S. taxes; reported it would owe $19.4 billion if profits are brought home.

          In 1952, corporate income taxes were nearly a third of the federal government’s receipts but had declined to less than 10% by 2012. This is due to loopholes

          corporations are in fact people to usa govt, , with godly amount of more rights then normal person,am not kidding u,  legal world is crazy town!

          for instance, u can't create a imaginary brother , give all your money to him,and go to IRS, o no, i didnt get this here money IRS,  my brother did, "my  imaginary brother" and sense he offshore and not under your IRS taxing power, no money due MWHAHAHAHA

          ofc  u control this imaginary being  and all ,so its really your money. but who cares about that small little detail..................

           

          however,  a  corporation can pull this off,  the "imaginary brother" is a  subsidiary in some  tax haven nation

          congrats, IRS just got screwed out of money

           

          now  IF u ever bring money INTO the usa, form your  imaginary brother/subsidiary in the tax haven

          u WILL pay, but only then

           

          so u win a jackpot outside the USA

          , step 1, create  imaginary person" a  corporation" claim the cash , tell IRS,  this new  corporation not in USA, belongs to whatever tax haven u wish

          and not pay a thing

          whatever u bring into usa, to pay for what u want here, there be TAX ,    see loophole, long as it does not"come into the usa" its off limits

          there tons of nations all around world, where if invest X amount of cash, they glady give u membership/passport ,   aka why be american, when u can be a american/jap/euro  member also 

          spend the  Money all over world however u want, JUST NEVER ever bring it back into USA , or its tax time baby..............

           

          and u know what's really sad about all this........ its not limited to offshore money..............

          if u  ever win north of 100m CASH atfer tax's here in any state lottery

          its better to just have a  corporation claim it"pay taxes ofc u cant avoid that first tax"

          , keep whatever amount u plan to spend here, say like 10m to live off of here etc

          and ship rest off to your"  imaginary brother"  subsidiary  corporation in a tax haven and let future investments be TAX free 

          why is simple

          if u have 100m in investments earning 7% or more per year

          that 7m, thats going to get taxed, EVER year in future

          if u want to just keep reinvesting   that money, why pay taxes ever year to IRS

          so save a few million bucks in taxes,  and keep reinvesting all future gains form your investments tax free

          so u grow richer faster

           

          hell i would do this if i won 100m atfer taxes

          u think am going to pay IRS millions ever year for decades off of my investments

          i glady become a world traveler/ and have many memberships to other nations

          i can buy my gaint cars/boat/ jet etc over sea's 

          hell i can even have the   subsidiary  corporation buy me  a Muti-millioner home inside USA'its corporate office yo " 

          but me the person, no i can only spend money that's been taxed first.

           understand  this, Loopholes abuse is a art form for corporations, legal work of lawyers that pull this stuff off is godly

           study what they do,and COPY it

           

          now for a small jackpot there no way am going to go thro all effect and legal cost to do this, sense amount saved would be low

          100m cash  thro, o hell NO, american people can kiss my  money goodbye,  i sure live here, but i be oversea's a lot baby.

           

          the core issue. is legal cost for a normal person, would be sky high, i even know some stuff about this in lawyer world

          ballpark range, to do this small scale as lottery winner  , your looking at 500m to 1m total cost legal wise

          am talking about finding a lawyer that handles corporation tax laws in usa , having some  other lawyer oversea in whatever nation the   subsidiary  corporation in"the subsidiary in a tax haven"

          having them all do paperwork/teamwork with each other/  ya its lot of hours and fees u be payin to legal department, but worth ever freaking penny saved

           

          as normal person would never even think of this, or go to even small amount of lawyers that WOULD even tell u 2 do this

          u almust never see it happen in real world of lottery winners

          but u COULD is my point,  i can't help it everyone to dumb ,so all lottery winners to date never done it, but don't u dare think u can not pull this off

          ever thing is legal and by the book to irs , its just so many loopholes its crazy  not to use them

          is it right? who cares!, corporations have never been know for  having great morals.............., they serve 1 god, the god of money, they  only pretend to be good people sense your future money to them ,  but look at what they do/and not at what they say

          u see the light. the light of pure evil genius.............................

          No bees, no honey.

            helpmewin's avatar - dandy
            u$a
            United States
            Member #106665
            February 22, 2011
            19964 Posts
            Offline
            Posted: May 7, 2013, 5:50 pm - IP Logged

            bro, think long and hard about this................

            what do large corporations do?

            Bank of America
            Had $17.2 billion in profits offshore in 2012 on which it paid no U.S. taxes. Reported it would owe $4.3 billion in U.S. taxes if profits are brought home.

            Citigroup
            Had $42.6 billion in profits offshore in 2012 on which it paid no U.S. taxes. Reported it would owe $11.5 billion in U.S. taxes if profits are brought home.

            Microsoft
            Saved $4.5 billion in federal income taxes from 2009-2011 by transferring profits to a subsidiary in the tax haven of Puerto Rico. Had $60.8 billion in profits stashed offshore in 2012 on which it paid no U.S. taxes; reported it would owe $19.4 billion if profits are brought home.

            In 1952, corporate income taxes were nearly a third of the federal government’s receipts but had declined to less than 10% by 2012. This is due to loopholes

            corporations are in fact people to usa govt, , with godly amount of more rights then normal person,am not kidding u,  legal world is crazy town!

            for instance, u can't create a imaginary brother , give all your money to him,and go to IRS, o no, i didnt get this here money IRS,  my brother did, "my  imaginary brother" and sense he offshore and not under your IRS taxing power, no money due MWHAHAHAHA

            ofc  u control this imaginary being  and all ,so its really your money. but who cares about that small little detail..................

             

            however,  a  corporation can pull this off,  the "imaginary brother" is a  subsidiary in some  tax haven nation

            congrats, IRS just got screwed out of money

             

            now  IF u ever bring money INTO the usa, form your  imaginary brother/subsidiary in the tax haven

            u WILL pay, but only then

             

            so u win a jackpot outside the USA

            , step 1, create  imaginary person" a  corporation" claim the cash , tell IRS,  this new  corporation not in USA, belongs to whatever tax haven u wish

            and not pay a thing

            whatever u bring into usa, to pay for what u want here, there be TAX ,    see loophole, long as it does not"come into the usa" its off limits

            there tons of nations all around world, where if invest X amount of cash, they glady give u membership/passport ,   aka why be american, when u can be a american/jap/euro  member also 

            spend the  Money all over world however u want, JUST NEVER ever bring it back into USA , or its tax time baby..............

             

            and u know what's really sad about all this........ its not limited to offshore money..............

            if u  ever win north of 100m CASH atfer tax's here in any state lottery

            its better to just have a  corporation claim it"pay taxes ofc u cant avoid that first tax"

            , keep whatever amount u plan to spend here, say like 10m to live off of here etc

            and ship rest off to your"  imaginary brother"  subsidiary  corporation in a tax haven and let future investments be TAX free 

            why is simple

            if u have 100m in investments earning 7% or more per year

            that 7m, thats going to get taxed, EVER year in future

            if u want to just keep reinvesting   that money, why pay taxes ever year to IRS

            so save a few million bucks in taxes,  and keep reinvesting all future gains form your investments tax free

            so u grow richer faster

             

            hell i would do this if i won 100m atfer taxes

            u think am going to pay IRS millions ever year for decades off of my investments

            i glady become a world traveler/ and have many memberships to other nations

            i can buy my gaint cars/boat/ jet etc over sea's 

            hell i can even have the   subsidiary  corporation buy me  a Muti-millioner home inside USA'its corporate office yo " 

            but me the person, no i can only spend money that's been taxed first.

             understand  this, Loopholes abuse is a art form for corporations, legal work of lawyers that pull this stuff off is godly

             study what they do,and COPY it

             

            now for a small jackpot there no way am going to go thro all effect and legal cost to do this, sense amount saved would be low

            100m cash  thro, o hell NO, american people can kiss my  money goodbye,  i sure live here, but i be oversea's a lot baby.

             

            the core issue. is legal cost for a normal person, would be sky high, i even know some stuff about this in lawyer world

            ballpark range, to do this small scale as lottery winner  , your looking at 500m to 1m total cost legal wise

            am talking about finding a lawyer that handles corporation tax laws in usa , having some  other lawyer oversea in whatever nation the   subsidiary  corporation in"the subsidiary in a tax haven"

            having them all do paperwork/teamwork with each other/  ya its lot of hours and fees u be payin to legal department, but worth ever freaking penny saved

             

            as normal person would never even think of this, or go to even small amount of lawyers that WOULD even tell u 2 do this

            u almust never see it happen in real world of lottery winners

            but u COULD is my point,  i can't help it everyone to dumb ,so all lottery winners to date never done it, but don't u dare think u can not pull this off

            ever thing is legal and by the book to irs , its just so many loopholes its crazy  not to use them

            is it right? who cares!, corporations have never been know for  having great morals.............., they serve 1 god, the god of money, they  only pretend to be good people sense your future money to them ,  but look at what they do/and not at what they say

            u see the light. the light of pure evil genius.............................

            ever thing is legal and by book,

             

            are you talking about Richards Lustig Book i think tony869 did buy Richards book.

            Let it Snow Snowman

              joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

              United States
              Member #32537
              February 12, 2006
              698 Posts
              Offline
              Posted: May 7, 2013, 5:58 pm - IP Logged

              ever thing is legal and by book,

               

              are you talking about Richards Lustig Book i think tony869 did buy Richards book.

              i have no idea what u talkin about, i have no idea how u connected that with some random guy

              also i hate that guy, if i was u i  would never listin to that man folks

              save loser tickets thro, if ever win u can write off losers to winnings that are taxed 

              i ment to say,ever thing is legal and by THE book, added THE  to correct it

              its just a saying, as in ever thing good/ nonething wrong/ etc

               

              by the book aka  "as the rules demand" 

               

               

              No bees, no honey.

                Avatar

                United States
                Member #125918
                March 31, 2012
                362 Posts
                Online
                Posted: May 7, 2013, 6:04 pm - IP Logged

                I have no issues paying taxes and have you looked into Canada's lottery system? For instance i have seen canucks keep all their winnings evening casinos.. Reason why they are able to keep it is because the winners help the local economy and have upto a year to spend it if it is under $1 million... Why can't the USA adopt the same rules like canada and i am sure if we did that it will help our economy...

                  joshuacloak's avatar - Money Swim-uncle-scrooge-mcduck-35997717-677-518.jpg

                  United States
                  Member #32537
                  February 12, 2006
                  698 Posts
                  Offline
                  Posted: May 7, 2013, 6:49 pm - IP Logged

                  I have no issues paying taxes and have you looked into Canada's lottery system? For instance i have seen canucks keep all their winnings evening casinos.. Reason why they are able to keep it is because the winners help the local economy and have upto a year to spend it if it is under $1 million... Why can't the USA adopt the same rules like canada and i am sure if we did that it will help our economy...

                  tony869

                  usa does not adopt , it creates its own madness

                  its american way....................

                   

                  on personal note, i have no issue with tax money going to our military

                  i just have issues with how its spent....... aka free stuff to people, how the hell does that serve me?

                  i hate govt waste and free handouts.

                   

                   

                  for instant, some americans got kidnaped by freaking pirates a few years back

                  our navy came to SOS call, had some navy seals  droped in, sniped the pirates heads off,and got our people back

                  worth ever freaking PENNY, justice was served

                  even southpark made fun of this , look up recent shows , its to funny not to watch

                   

                  also nonething about taxes is fair

                  all power govt has comes form people

                  will i know for a fact, no single american  has right to come to my door, and take MY money

                  no a single one

                  so if no single american has that right, how can they give a right they NEVER had to govt

                  its simple, they dont

                  ofc u say  sixteenth amendment gives gov power to tax

                  just 1 small little detail, no single american has right to come to my home,and kill me

                  if i have not done anything wrong, harmed NO other human being, i have lived and live lived

                  ofc no american has right to murder a other, when other done nonething wrong 

                  however,  by logic of madness,  if govt passed a amendment saying, we shall  have power to murder whoever we want for whatever 

                  u go o hell no u dont

                  who gives power to govt, the power comes form people, that's who gives it

                  where does any power come form, the people

                  the govt cant do what u cant do. period

                  people have never had power to steal my money

                  and nor does govt,  pass whatever law u want, u sure never will have that power

                   

                  all taxes are not fair,

                  so to even hope they will be fair is madness in logic

                   

                  lucky for everyone, i love what govt offers in protection

                  if i call 911, i have a small army come to save me

                  if am over seas , and call for help,  long as military not stoped by our politicians , i be helped out etc

                  plus u people out number me by millions, so why fight u, no need for blood to protect my money.

                  that's why i tried to inject my corporation logic here

                  u people want to abuse me and waste my money?

                  no issue,  i can also join any other nation,one that does not waste trillions, and sure offers me protections,

                  and have some of my money over there, tax free form usa

                  only idiots fight usa govt,  rich can just buy them self a membership to other nations"everyone welcomes money"  and chill out with money offshore

                  for instant, did u know usa has a stupid  tax on quiting membership here

                  lets say u win a jackpot as person here, pay 39.6%  total taxes

                   

                  however, lets say, u told american people, i no longer wish to be taxed in future, am taking my money and going else where!

                   u people just taken so much form me, never again!

                  ,and i quit my membership here"Renounce US citizenship"

                   

                  irs, goes alright, but there special leave tax,  hand over a other 39.6% if u super rich

                  that's right u just been double taxed, its wealth leaving  tax

                  plus In fact, a former U.S. citizen is required to file tax returns to the IRS for several years after giving up citizenship.

                  is it fair, nope, do they care,nope

                   

                   

                   

                  or i could just do a  corporation methold , 

                  i keep my  U.S. Citizenship and have money offshore

                  i can be citizen/member of other nations"   everyone welcomes lots of money"

                  that's funny thing, we have green card lottery to get in this nation

                  but if u got lots of money, come on in bubby, 

                  if anyone wins lottery and hates taxes 

                  for god sake,  use loopholes and save as much money as u can. without having to fight anyone or have govt rob u blind for quiting

                  brains win

                  No bees, no honey.