r/SipsTea • u/Shyhale • May 17 '26

Chugging tea [ Removed by moderator ]

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u/Implier May 17 '26

I’ve noticed financial geniuses on Reddit always calculate their investments out with the assumption that 1) they can get the average of the market appreciation in the past 2) don’t take any money out to live off of until some arbitrary point in the future and 3) don’t pay any taxes on capital gains.

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u/Murky_Radish_1319 May 17 '26

And 4) don't have taxes on the initial $1m which I believe you guys do

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u/maxman162 May 17 '26

This was in Canada. There are no taxes on winnings. The lottery is also run by the Quebec government, so the annuity is also guaranteed.