Isn't the tax on the Korean Lotto absolutely insane???
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South Korea follows the principle of taxation based on substance under the Framework Act on National Taxes.
The Lotto itself is a game where the state starts by taking half of the total pool.
And then they come back with a spoon, ready to snatch another 1/3 of the winnings.
I honestly think this country has gone completely insane.
Fine, even if we assume I'll never win the Lotto anyway,
why is everyone staying quiet about something so nonsensical???
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