Stan, are you not happy with people giving money, to the government, in hopes of becoming the highest tax rate, tax payer. Half the ticket Monet goes directly to the lottery, the rest goes to the jackpot. Hit the big game and your 50% of the grand prize total, taken as a single payment, becomes 37% Federal, .9% Med.tax, state tax of 7-9% in most states, city or local income taxes as well. So you 50% share becomes a windfall tax for the government of almost 50% of your check. Then spend any money and pay 5-9% sales taxes, personal property taxes on large purchases, real estate taxes and on and on goes the tax bill. So the government gets 75+% of all lottery money one way or another. Worse will be the plague of people wanting money for their “charity” or friends and family wanting their share as well.
With that tax bill the only people I know who can afford to win the lottery are farmers. They can lose money, and still drive new pickups, for awhile
. May the rains be gentle and winds fair my friend.
