Monday, January 11, 2016

I’ve been thinking.

Um. That’s a dangerous thing for me; quite possibly the world. Anyhow, it’s the Lottery that’s been on my mind.

It is up to  1.3 Billion.

That brings up questions for me, don’t know about you.

Have you examined the advertisements of it? Some say the Pay Out is . . ., some say the winner will get – and begin to give you options. None of the official ones will say that the winner (without an ‘S’) will get the whole thing. Even after taxes.

They like to direct you to the CASH payout. I think I can ask my question using that, and sort of rounding off.

The cash pay out is 850 million. The Lottery officials tell us that the State tax  is 5%. That will give the State a wind fall of 40 million, more or less. The official also said that the amount will be four times the expected deficit this year of the State’8s  10 million deficit (budgeted).

So. We have  810 million. Oh. Wait a minute. The Fed’s get 25% of 850 million, roughly 225 million. So. We have 585 million. Less than one-half the advertised amount we contest for.

Still, that’s a lot of money.

My question is this: Where did the difference between 1.3 billion and 850 million go.

That’s the governments way of rounding off, I suppose. Wouldn’t it be more honest to advertise the subtractions and tell us what the real payout would be rather than give a pool size and skirt the issue of where that 500 million silently disappeared into the nether?

How much more the government takes as School tax, and special prizes and organizational taxes, etc.

______

From the reaches,

Ten Whiskey

About tenwhiskey

User tenwhiskey is also the author of this blog. He currently lives in small town Kansas in a semi-retired condition. His kids are married and gone (thank you). An empty nester. Divorced. Very happy with life as it is. Ten Mile maintains a personal blog here, writing of events as they appear to him; commentary, and opinions abound. He deviates into fiction as the mood strikes and creates flash fiction stories and short stories. He will not warn the reader when he drifts from fact to fiction. He feels adults are, generally, smart enough to figure out which is which. He does, however, attempt to make his fiction sound as true to life as possible. You have been warned. He, as time permits, writes and occasionally sells writing. More often than not he gives it away to various non-paying publishers of Ether Magazines, forums or for entertainment on a wall for in need of a hand friends. He likes candy, pies and a certain amount of strife. In the matter of strife - in his yourth on the farm, he became embroiled in a slinging fight. The fight involved lath as a launcher, fresh cow patties as ammo and it was a six way free for all. A little mud only adds (Umm?) a certain taste to life.
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