Originally Posted by ward
it's a tax on people that are bad at math
there's been discussions about the lottery being a bad thing as too many poor people spend too much money (that they can't afford) on lottery tickets while people with above average money tend to not buy lottery tickets
Including tax and lump sum, you take home 35.5% of what you win. Figure that out...
For the math inclined, multiply the amount of money you would earn by 0.355 and youll figure out what you would take home from the lottery...