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Old 10-04-2017, 11:42 PM   #8471
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Originally Posted by IcyFlame View Post
I dunno about europe, but in NZ they don't tax lotto winnings unlike in the states where you lose like 60% of the winnings to tax right off the bat.
Never understood the reasoning, but yeah lotto winnings here are taxed like crazy. 2-3 times what regular income is taxed.

And personally if I won a large sum of money for whatever reason I'd invest in land. Put enough in the bank to live comfortably for the rest of my life, build myself a medium size house with a big garage/workshop for my tools/truck, then spend the rest of it on as much land as I could afford. Need a little money? Sell the lumber on part of it. Need a lot of money? Sell a chunk of the land itself.
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