I think taxes should be based on a 5-year rolling average, to ease the burden for people who have high income only once in their life. Winning the lottery or patenting an invention that makes you rich is the American dream. Let’s tax high earners but show some lenience for folks who have a once in a lifetime windfall.
Lottery winnings in Canada are tax free. Only the earnings from investing it is taxed according to standard laws. It makes a lot of sense because the lottery itself is a form of taxation. The government already got their cut from the tickets purchased by everyone.
In the US you pay the players tax, then you get taxed on the winnings, then you get taxed on income earned from investments.
Meanwhile American billionaires pay next to nothing. What an uncivilized country.