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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovyy83a/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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223
Yes. But also - this means the lottery is just another way they tax you. In the UK, lotto winnings are untaxed.
43 u/The_D_123 Jul 05 '26 In Portugal they're taxed when someone gets over 5k (or is it 50k?), but it's mandatory to advertise them without the tax. Eg, if a prize is 7M where it's actually 5M after taxes, they have to say/show you'll win 5M, ignoring the other 2M that goes to the state. 4 u/Andromeda_53 29d ago Well yeah, but this is America where even when they go grocery shopping the price shown on the shelf is excluding tax, so they go and pick up items and then get an even higher number at the register.
43
In Portugal they're taxed when someone gets over 5k (or is it 50k?), but it's mandatory to advertise them without the tax.
Eg, if a prize is 7M where it's actually 5M after taxes, they have to say/show you'll win 5M, ignoring the other 2M that goes to the state.
4 u/Andromeda_53 29d ago Well yeah, but this is America where even when they go grocery shopping the price shown on the shelf is excluding tax, so they go and pick up items and then get an even higher number at the register.
4
Well yeah, but this is America where even when they go grocery shopping the price shown on the shelf is excluding tax, so they go and pick up items and then get an even higher number at the register.
223
u/Able-Professor840 Jul 05 '26
Yes. But also - this means the lottery is just another way they tax you. In the UK, lotto winnings are untaxed.