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 isn’t taxed in Canada.
And even if it was, that’s good.
Anyone who gets rich should pay more taxes. Period. The richer, the more taxes you pay. That’s it.
Give back to the society that allowed you to get rich quick.
So if someone earns a million dollars once in their life, that million should be taxed at the same rate as a person who earns a million dollars every year of their life? I disagree
Yes. And that’s normally why jackpots in the US are usually bigger. To account for the taxes.
Good for you, I’m glad you aleady recognize your opinion is unpopular. Maybe you’d be happier with a wealth tax instead of an income tax, where they look at the grand total of everything you own instead of what you brought in recently.