Do you count the lottery as part of your charity plan?
August 17, 2007
|Posted: January 6, 2009, 10:24 pm - IP Logged|
I usually donate $30 a year to charity(Health related charities). Wouldn't the lottery be part of a charity since it's going towards education?
May 21, 2008
|Posted: January 6, 2009, 11:49 pm - IP Logged|
I think since the main lure of the lottery is to win money for yourself (charity is a bi-product) it does not classify the same.
October 16, 2005
|Posted: January 7, 2009, 4:58 am - IP Logged|
The IRS certainly doesn't think so. If you feel better knowing that half of what you spend goes to a good cause that's fine. If you expect anyone else to think any differently about your lottery spending than they would if you bet the same money at a casino I expect you'll be disappointed.
December 10, 2004
|Posted: January 7, 2009, 5:02 am - IP Logged|
With regards to the lottery wins, I am the charity here.
Of course I may give something to other charities as well if I hit the jackpot.
November 5, 2005
|Posted: January 7, 2009, 5:24 am - IP Logged|
I think it's more of a voluntary tax than a charity. Charity is usually something you give without expectations. I mean, if you give $10 to a food bank, what do you expect to receive in return? But everyone who buys a lottery ticket is hoping to benefit from the purchase.
December 24, 2007
|Posted: January 8, 2009, 10:39 pm - IP Logged|
As lotteries do raise revenue for public education and other public projects it can be considered a charity. In the UK, 28% of revenue raised by lottery sales goes to "Good Causes".
April 12, 2008
|Posted: January 8, 2009, 11:58 pm - IP Logged|
Winning jackpot first, charity last, in between all the spending spree and traveling. :D