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Eastern Time (GMT-5:00) | Tax on Kentucky Lottery tickets no longer being considered Kentucky Lottery: Tax on Kentucky Lottery tickets no longer being considered54 Rating:Your outrage was heard FRANKFORT, Ky. — Kentucky lawmakers won't pursue a 6% tax on lottery tickets as a source of revenue to shore up the state's financially troubled pension system for government retirees. House Speaker Greg Stumbo said that idea was rejected out of concern that a tax might have stifled sales of lottery tickets that generate money for education programs in Kentucky. Instead, Stumbo said lawmakers will unveil legislation on Tuesday that will call for the lottery to create new games, including Keno, that could generate about $25 million for the pension system. He said the legislation would also call for tax revenue from slot-like machines, called Instant Racing machines, at horse tracks to be designated for pensions. He said that could eventually net $100 million a year for pensions, if the Supreme Court approves. AP, Lottery Post Staff We'd love to see your comments here! Register for a FREE membership — it takes just a few moments — and you'll be able to post comments here and on any of our forums. If you're already a member, you can Log In to post a comment. 16 comments. Last comment 3 months ago by . United States Member #128383 May 22, 2012 158 Posts Offline | | Posted: February 26, 2013, 1:22 pm - IP Logged | |
Good call, Kentucky. The lottery is NOT a tax on the poor. By calling it a tax, you are calling it mandatory, which is what taxes are. But the lottery is NOT mandatory, therefore calling it a tax highly inaccurate. | | |
Bay Area/ California United States Member #136486 December 12, 2012 563 Posts Offline | | Posted: February 26, 2013, 1:30 pm - IP Logged | |
Speaker Stumbo-stumbled but recovered to save face. I look forward to reading Stumbo do a mea culpa and say " Lottery Post readers took my proposal to the woodshed".
Good Call Speaker. | | |
Kentucky United States Member #35485 March 12, 2006 7583 Posts Offline | | Posted: February 26, 2013, 1:58 pm - IP Logged | |
About time they got something right Maybe they are not educated beyond their intelligence after all ( at least on this one ) Thanks for the info and news Todd | | |
Oklahoma United States Member #82920 November 12, 2009 3455 Posts Offline | | Posted: February 26, 2013, 2:36 pm - IP Logged | |
WTG Kentuckians  Win BIG everyone..... I Love Pink & Green....1908 | | |
Housekeeper MICHIGAN United States Member #82269 October 28, 2009 13119 Posts Offline | | Posted: February 26, 2013, 2:37 pm - IP Logged | |
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Ridge Runner - Oracle of the Appalachians Way back up in them dadgum hills, son! United States Member #74415 April 28, 2009 12432 Posts Online | | Posted: February 26, 2013, 3:10 pm - IP Logged | |
I knowed that wadn't goin' through. I knowed it. I'll never forget old whats-his-name...
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Hamilton, OH United States Member #4236 March 27, 2004 265 Posts Offline | | Posted: February 26, 2013, 3:21 pm - IP Logged | |
don't worry, they'll find a way to steal money for the pension fund. | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14722 Posts Offline | | Posted: February 26, 2013, 3:30 pm - IP Logged | |
don't worry, they'll find a way to steal money for the pension fund. Turning to Keno as a problem solver is always a good idea. | | |
Cape Coral, FL United States Member #137598 January 7, 2013 65 Posts Offline | | Posted: February 26, 2013, 6:42 pm - IP Logged | |
Hooray for Kentucky! "You miss 100% of the shots you don't take." ~ Wayne Gretzky 
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Connecticut United States Member #62108 May 29, 2008 16623 Posts Offline | | Posted: February 26, 2013, 7:52 pm - IP Logged | |
I can't even believed this idea was considered. What a bunch of krotchwaffles you got down there gary....unreal "...Life is not a matter of holding good cards,but sometimes playing a poor hand well... 'Fortune Cookie wisdom' | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14722 Posts Offline | | Posted: February 26, 2013, 8:59 pm - IP Logged | |
I can't even believed this idea was considered. What a bunch of krotchwaffles you got down there gary....unreal  Buy a $5 MM ticket and casher says, "That will be $5.30 please"....... People would hate it.
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U$A United States Member #106693 February 22, 2011 7595 Posts Offline | | Posted: February 26, 2013, 9:16 pm - IP Logged | |
Buy a $5 MM ticket and casher says, "That will be $5.30 please"....... People would hate it. just like the gas no one likes higher prices but they would keep buying them i like keno rock on KY. | | |
5+1 Winner Arizona United States Member #116287 September 7, 2011 14722 Posts Offline | | Posted: February 26, 2013, 9:21 pm - IP Logged | |
just like the gas no one likes higher prices but they would keep buying them i like keno rock on KY. Because taxes are hidden in the price per gallon, no one ever notices how high those taxes really are. | | |
United States Member #4963 May 30, 2004 3871 Posts Offline | | Posted: February 26, 2013, 10:23 pm - IP Logged | |
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