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,