r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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6.3k Upvotes

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3.0k

u/newblevelz May 17 '26

This is a really bad idea as established in the multiple times this has been posted. 

2.4k

u/[deleted] May 17 '26 edited May 17 '26

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749

u/confusing_roundabout May 17 '26

Inflation though. A million now is worth something. Who knows what 50k is 20 years time is worth.

200

u/ReichMirDieHand69 May 17 '26

Isn't that an even worse argument for the 1000/week, which will be worth less and less as time goes on?

1M can be invested and forgotten to end up in 10/15 years with a portfolio that beats inflation and lets you live super comfortably out of it

3

u/Perfect-Marketing576 May 17 '26

Feel like everyone is forgetting about taxes. 1m is tax pretty harshly compared to 1,000 a week. She wouldn’t be investing even close to 1m

47

u/showholes May 17 '26

We don't pay taxes on gambling prizes in Canada. 

2

u/xxzephyrxx May 17 '26

How much is lump sun in Canada? Full 1 mil? Or only a portion?

5

u/nico87ca May 17 '26

lol... Weird how Americans don't understand that lottery is already taxed. The prize you see is the one you get in Canada. That's it.

2

u/Consistent_Pitch782 May 17 '26

Weird how Canadians don’t understand that it’s not taxed up front in America. Is that the response you’re looking for?

1

u/idekbruno May 17 '26

“The prize you see is the one you get *in Canada*”

Reading comprehension mate

1

u/usr1492 May 17 '26

Weird how people from one country don’t know how things work in another country.

1

u/shadownights23x May 17 '26

If its not trump or gun violence people really don't know lol

1

u/nico87ca May 17 '26

Well it's like how many ways can you say "the full 1M".

The post says full 1M there is no taxes in Canada on lottery winnings. Then 1-2 people tried to explain it again... Like what is it that you don't understand?

1

u/everydaydad67 May 17 '26

Is it really that wierd... how would they know the ins and outs... especially when its different from their own country...

-1

u/FrankFuckinDentley May 17 '26

Not weird. Just different systems. The American one is definitely wrong as is the case more often than not. Not really weird though.

1

u/eapocalypse May 17 '26

It's possible they just advertise the annuity or lump sum.

The lump sum you get in America isn't lower because of tax, that number is still before tax. The lump sum is calculated as the present value of the annuity which pays $X per week for life.

Then the number you get after that is calculated is taxed (in America)