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OK a little fact checking here. I hate to interupt rdgrnr with facts but Catholic Charities also gets government funding, whether we like it or not. Actually Catholic Charities recieved more money from the federal government (2.2 billion in 2010), through the White House Office of Faith-Based and Neighborhood Partnerships, than the Corporation of Public Broadcasting recieved (455 million 2012) in total from the feds. The salvation army also gets gov't money from the same office.
Giving money to Catholic Charities or The Salvation Army, who already take money out of our checks every week whether we like it or not, is nuts.
Of course - it isn't nuts. Neither is aiding NPR, PBS or the ACLU. All of these organizations serve a purpose.
Nutley, New Jersey United States
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August 1, 2012
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Quote: Originally posted by maelstrom on May 15, 2013
OK a little fact checking here. I hate to interupt rdgrnr with facts but Catholic Charities also gets government funding, whether we like it or not. Actually Catholic Charities recieved more money from the federal government (2.2 billion in 2010), through the White House Office of Faith-Based and Neighborhood Partnerships, than the Corporation of Public Broadcasting recieved (455 million 2012) in total from the feds. The salvation army also gets gov't money from the same office.
Giving money to Catholic Charities or The Salvation Army, who already take money out of our checks every week whether we like it or not, is nuts.
Of course - it isn't nuts. Neither is aiding NPR, PBS or the ACLU. All of these organizations serve a purpose.
"Established in 1990, The NRA Foundation, Inc. ("NRA Foundation") is a 501(c)(3) tax-exempt organization that raises tax-deductible contributions in support of a wide range of firearm-related public interest activities of the National Rifle Association of America and other organizations that defend and foster the Second Amendment rights of all law-abiding Americans."
Toronto Canada
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January 26, 2013
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Quote: Originally posted by whiteballz on May 15, 2013
In this scenario how much would each lottery ticket cost? What would the matrix be like for this game? If you were to say the ticket price stays the same at $2 each and the matrix stays the same with having to match all 6 white balls out of 59 and then matching the red powerball out of 35, then I would stop playing the lottery. I would also imagine lottery sales would plummet sharply and the lottery goes out of business in 2 months.
For me to spend $2 per ticket and go up against ridiculous odds, I would need a huge payoff. Neither of those two options would appeal to me so I would vote with my wallet and never play the lottery again. Don't get me wrong, i like the idea of giving money to charity but I was the one that took all the risk by spending my own money to buy $2 tickets and then take on about 176 million to 1 odds against me. If I some how managed to beat the odds I would like to be the main recipient of the jackpot.
I wouldn't mind buying a ticket for $2 if we can get a weekly allowance of $5000 after-tax per person (say 4, for the avg family) for food, clothing,
gas, and other "necessities" for life, 3 Audis for me and my parents, and a 2-5 million dollar home.
I'll be completely honest. I'm no altruistic person. I'm selfish. I don't like being forced to donate to charity. I'm not saying I'll never donate to charity.
If I donated it'd be because I felt good about helping those in need. Being forced to donate doesn't make me feel good. So choice 1 might as well be
without the charity part for me. I mean as a citizen that takes advantage of the roads and parks and police (and health care here in canada), I see more
reason to pay taxes than forced charitable donations anyway.
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Given the choices in the original post I would probably choose not to play. My two dollar day dream includes margaritas and palm trees, it most certainly does not include holding down a job.
Toronto Canada
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January 26, 2013
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Quote: Originally posted by maelstrom on May 15, 2013
Given the choices in the original post I would probably choose not to play. My two dollar day dream includes margaritas and palm trees, it most certainly does not include holding down a job.
You can hold two jobs (palm tree watcher, kind of like those bird watchers, and margarita taster) to solve that problem. And get some educational
allowance for a botany degree and wine tasting lessons.
Nutley, New Jersey United States
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August 1, 2012
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Quote: Originally posted by yoho on May 15, 2013
You can hold two jobs (palm tree watcher, kind of like those bird watchers, and margarita taster) to solve that problem. And get some educational
allowance for a botany degree and wine tasting lessons.
Yeah, I can see people taking advantage and trying to find loopholes in any of the options. For example:
"also any college tuition or educational experience (say if you want to go to police academy or flight school or something like that) you need will also be paid for."
I would become a perpetual student in that case, taking classes year after year, just to avoid having a real 9 to 5 job and so I can party with college girls.
Also, he said you'd never go hungry but he never specified what the winner would have to eat. So does that mean the winner could order lobster and filet mignon every night if he wanted?
Inland Empire United States
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October 22, 2011
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I'd be happy to set up my own charity foundation if I win tonight or Friday night.
I want to help fellow veterans and their children. I want support them by providing educational materials, baby goods, toys and whatnot. Then in the Phase II I will set up the scholarship program for Veterans in So Cal. (LA, OC, and San Bernadino Counties)
People say the fed confiscate the 25% tax. But I know how to make them cough them back to me. If I invest in large rental properties then I would use them for tax deduction. Then setting up the charity will add some more. I am not against the concept of tax itself. I just want to get the tax deductions within a legal boundary.
If I can afford to buy all the veteran's children in So Cal 32GB iPad I would be happy to do it, as long as it doesn't damage the principal prize. (which does and will)
Nutley, New Jersey United States
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Quote: Originally posted by gogidolim on May 15, 2013
I'd be happy to set up my own charity foundation if I win tonight or Friday night.
I want to help fellow veterans and their children. I want support them by providing educational materials, baby goods, toys and whatnot. Then in the Phase II I will set up the scholarship program for Veterans in So Cal. (LA, OC, and San Bernadino Counties)
People say the fed confiscate the 25% tax. But I know how to make them cough them back to me. If I invest in large rental properties then I would use them for tax deduction. Then setting up the charity will add some more. I am not against the concept of tax itself. I just want to get the tax deductions within a legal boundary.
If I can afford to buy all the veteran's children in So Cal 32GB iPad I would be happy to do it, as long as it doesn't damage the principal prize. (which does and will)
"People say the fed confiscate the 25% tax. But I know how to make them cough them back to me."
You need to be very careful about this. Giving money to a 501(c)(3) tax-exempt organization is a tax deduction not a tax credit. Which means you will not lower your tax liability dollar for dollar. If you end up winning the lottery in 2013, your marginal tax rate would be 39.6%. So for every $1 you give to a 501(c)(3) tax-exempt organization, you will lower your tax liability by only about 40 cents.