2 ms·
Only in the USA... In Canada you can give people stuff if you like. Lotteries and gambling winnings are tax free. Gambling and lottery losses are not deductible
by aurizon 7y ago
Only in the USA... In Canada you can give people stuff if you like. Lotteries and gambling winnings are tax free. Gambling and lottery losses are not deductible.
I am constantly amazed that the USA taxes or tries to tax all that stuff, and defrauds you on the input deduction. You buy a lottery ticket = say $10. If your winnings are taxable, your $10 ticket cost should be a deduction - right?
Not in the USA. Then there are medical costs = fraud at a new and far higher level.