I am probably wrong with this, but if we pretend interest wasn't taxed and you didn't spend ANY of the money and you always earned 5% interest Lump sum Installments 1 3,150,000.00 315,000.00 2 3,307,500.00 645,750.00 3 3,472,875.00 993,037.50 4 3,646,518.75 1,357,689.38 5 3,828,844.69 1,740,573.84 6 4,020,286.92 2,142,602.54 7 4,221,301.27 2,564,732.66 8 4,432,366.33 3,007,969.30 9 4,653,984.65 3,473,367.76 10 4,886,683.88 3,962,036.15 11 5,131,018.07 4,475,137.96 12 5,387,568.98 5,013,894.85 13 5,656,947.43 5,579,589.60 14 5,939,794.80 6,173,569.08 15 6,236,784.54 6,797,247.53 16 6,548,623.77 7,452,109.91 17 6,876,054.95 8,139,715.40 18 7,219,857.70 8,861,701.17 19 7,580,850.59 9,619,786.23 20 7,959,893.12 10,415,775.54
How doesn't it follow normal tax laws? Buying lottery tickets is, as you note, voluntary. This is an opt-in way for government to generate revenue. It's like saying that raffles are a sneaky way for churches/clubs to tax their members. It's not particularly sneaky, it's an explicit attempt to make money. Just as buying a carton of milk is. In one case, you buy a small chance (vanishingly small in the case of state lotteries) to win something, in the other case you get a carton of milk. Your choice as to what you opt to buy.
Wow at some of the comments on that page. This person a little jealous? And this coming from a person named veganpeace?!??!? This person is for peace? People make me sick and I am so fucking tired of piss poor attitudes in the world.
Sounds more like a right-winger trying to parody a left-winger. But it could be sincere. Just as there are insane right-wing nuts, there are insane left-wing nuts. This one, though, doesn't sound very real to me.
Oh, okay. You think they were being funny? I hope so man, cuz the way things have been going lately, this kind of upset\depressed me. So many people are so angry these days and it is starting to get to me.
Minstrel, I understand it is voluntary... but I just don't think lotteries should be used to raise money to run a government. I do understand you point... but it just seems like a way to squeeze money out of the non-rich. No one buys a lotto ticket to give money to government... they actually believe they can win... even though the odds are that if I bought a powerball ticket every day and there was a drawing every day it would be about 10,000 years before I could expect to win once. Of course there are only two drawings a week...
Uh, it one of the higher sources of income for Oregon schools. [Sarcasm]Damn teachers! Tricking people into wasting their money with their disclaimers about "this is not for investment purposes" and putting out ads about gambling can be a serious illness you should talk to your loved ones if you think they have a problem! What about those of us without loved ones?![/Sarcasm]
Well, it's often said: the lottery is a tax on people who are bad at math. I do understand your feeling that it is regressive in that it plays upon the irrational hopes of those who generally aren't doing too well. Of course, if the lottery didn't exist, such people would try to day trade their way to fortunes or simply go to Las Vegas. There will always be ways to gamble for people who hope to make a quick buck, or lots of bucks, without the education that they either don't have the time, money or motivation to get. At least the government may distribute some of it back in the form of infrastructure and social programs. Casinos definitely aren't going to do that.
goddamn it, how many times have we told you, don't reveal our shared identities? Is that so hard to comprehend? If the other posters realize that barfo and maxiep are one and the same, then they may come to understand all sorts of things that we don't want to make public. barfo
