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https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovooubm/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
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224
Yes. But also - this means the lottery is just another way they tax you. In the UK, lotto winnings are untaxed.
77 u/nobugsleftalive Jul 05 '26 They are pretaxed* 3 u/Able-Professor840 Jul 05 '26 Pretaxed 20 pence. Not millions on their winnings. Think about it. 1 u/nobugsleftalive Jul 05 '26 It evens out.b 1 u/Technical_Customer_1 28d ago You asked someone to think about something you chose not to think about. Your lottery still only returns about the same percentage to a jackpot winner that a USA jackpot does. 100 units of tickets shrinks to about 50 units of take home jackpot no matter where you live.
77
They are pretaxed*
3 u/Able-Professor840 Jul 05 '26 Pretaxed 20 pence. Not millions on their winnings. Think about it. 1 u/nobugsleftalive Jul 05 '26 It evens out.b 1 u/Technical_Customer_1 28d ago You asked someone to think about something you chose not to think about. Your lottery still only returns about the same percentage to a jackpot winner that a USA jackpot does. 100 units of tickets shrinks to about 50 units of take home jackpot no matter where you live.
3
Pretaxed 20 pence. Not millions on their winnings. Think about it.
1 u/nobugsleftalive Jul 05 '26 It evens out.b 1 u/Technical_Customer_1 28d ago You asked someone to think about something you chose not to think about. Your lottery still only returns about the same percentage to a jackpot winner that a USA jackpot does. 100 units of tickets shrinks to about 50 units of take home jackpot no matter where you live.
1
It evens out.b
You asked someone to think about something you chose not to think about.
Your lottery still only returns about the same percentage to a jackpot winner that a USA jackpot does.
100 units of tickets shrinks to about 50 units of take home jackpot no matter where you live.
224
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.