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What future Republican president would have the courage to write an executive order to totally ban a

Topic closed. 164 replies. Last post 3 years ago by Shelby Mustang.

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NY
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October 16, 2005
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Posted: November 14, 2013, 1:20 am - IP Logged

"

Taxes should be in the price of the ticket, not on the backs of winners.

BobP"

Why assume ticket prices would rise to $1.39?  That's not what happens in countries where the tax is built into the ticket price.  There's a lot of work around room in that dollar. 

As you know, the lottery games generally pay out only 50% of what they take in.  For every million paid out they take in two million.  About 15% goes to running the lottery scheme itself, the remaining 35% goes to the state.  Casinos make their millions on only 5% or less. The feds could take 15% from the state leaving them 20% leaving the price of tickets to the state auditors to decide, of course the states could pay 7.5% from the prize pool and 7.5% from the state profit, whatever works.  Oh and it's not just about having to pay taxes on millions, it's also about the pain in the butt paying taxes on that Pick-4 Straight Prize or in Florida the 4 number $1,200 win roll-down Pick-5 prize when there is no jackpot winner.

BobP

If taxes were going to be built into the ticket price the realsitic rate would be based on the amount that would currently be collected as income tax, if they could collect income tax on all prizes. Since they currently collect about $0 from prizes of less than $600 that means the total taxes would be higher.

For every $1 spent on a PB or MM ticket, 50 cents goes toward prizes. Most of that goes to the jackpot, which results in federal taxes of about 39.6%. About 10% goes to the 2nd place prizes, which probably result in an effective tax rate of perhaps 25%. Let's figure 15% for the 25% that goes to smaller prizes. That works out to an average rate of about 32%. If we figure average state taxes of up to 8% that wou dmean an additional 6% to cover state taxes. That's a total rate of 38%, but since it would only apply to the 50 cents that goes toward prizes it would add 19 cents to the cost of a $1 lottery ticket.

It would be easy enough for states to implement, but there's still the pesky problem of having the federal government tax a state run financial product.

Of course you're still asking that the taxes of the winners should mostly be on the backs of the losers.

    veganlife125's avatar - Lottery-061.jpg

    United States
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    May 18, 2013
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    Posted: November 14, 2013, 6:57 pm - IP Logged

    You do realize that since the Teabaggers hijacked the Republican party- the next time this country sees a Republican in the Oval Office is in 30 years time?
    Do you still see yourself playing the lottery at that time, many here would probably be in walkers or wearing diapers- what good would tax talk on lottery tickets do one then?

    noise-gate i don't put as much stock as you in which side gets to be president.  It gives one side or the other bragging rights for 4 years but thats about all.  It doesn't fix the overspending.  The elite rich who i assume you dislike control both parties and are not going to let either party finance the big ticket items ever with their money, sorry.  The middle/lower classes are paying for all of it with their taxes and job security. 

    I believe you are misinformed about the hijacking of the tea-party my friend.  The "teabaggers" didn't hijack the republican party...no.  The republican party hijacked the tea party from Ron Paul supporters way back in 2007.  To kick off support for Ron Paul's first candidacy those supporters actually went to the Boston harbor and dumped tea!  The whole thing caught on so well with support and internet fund raising that the republican party wanted the tea but not the Paul lol!  The whole tea party movement was about cutting spending first and foremost to balance the budget.  Once talk radio and cable news claimed the movement it was about guns, abortion, patriotism, defense, cutting taxes ect.  After the theft was complete i remember seeing an elderly couple at a tea party rally in support of John McCain holding up signs that said: "Don't Touch My Medicare!".  Thats the one program above all others thats bankrupted the country!   

    As Paul Harvey would say:  "Now you know the rest of the story!"   Good luck to all in MM Friday!

    Don't forget to visit the Lottery Post Gift Shop!


      United States
      Member #130815
      July 25, 2012
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      Posted: November 14, 2013, 7:05 pm - IP Logged

      LOL Teabaggers....anyways Ole Rand Paul got on Fox News today and said that obamacare would use doctors to tell on their patients to the govt which patients have guns....Now it's got me wondering if the law is soooo bad then why do you have to lie and scare people about it?? Also if a shred of his comment was true, how would that work with the hippa laws in effect? Doctor patient confidentiality...Tea party losing credibility by the minute

        NightStalker's avatar - 50logo
        East of Columbus, OH
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        Posted: November 15, 2013, 3:20 am - IP Logged

        It is actually in the law that doctors will ask their patients if they own guns. 

        How is that relavent to my medical care?  It might be if I've accidentally shot my foot or something, but not if I have a bad back.

        Life's Too Short To Be Unhappy Cool


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          July 25, 2012
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          Posted: November 15, 2013, 7:01 am - IP Logged

          And if you did she just left in the foot that is when they would ask that question. That's it. They asked that before the law

            Teddi's avatar - Lottery-008.jpg

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            May 13, 2013
            1200 Posts
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            Posted: November 15, 2013, 5:59 pm - IP Logged

            noise-gate i don't put as much stock as you in which side gets to be president.  It gives one side or the other bragging rights for 4 years but thats about all.  It doesn't fix the overspending.  The elite rich who i assume you dislike control both parties and are not going to let either party finance the big ticket items ever with their money, sorry.  The middle/lower classes are paying for all of it with their taxes and job security. 

            I believe you are misinformed about the hijacking of the tea-party my friend.  The "teabaggers" didn't hijack the republican party...no.  The republican party hijacked the tea party from Ron Paul supporters way back in 2007.  To kick off support for Ron Paul's first candidacy those supporters actually went to the Boston harbor and dumped tea!  The whole thing caught on so well with support and internet fund raising that the republican party wanted the tea but not the Paul lol!  The whole tea party movement was about cutting spending first and foremost to balance the budget.  Once talk radio and cable news claimed the movement it was about guns, abortion, patriotism, defense, cutting taxes ect.  After the theft was complete i remember seeing an elderly couple at a tea party rally in support of John McCain holding up signs that said: "Don't Touch My Medicare!".  Thats the one program above all others thats bankrupted the country!   

            As Paul Harvey would say:  "Now you know the rest of the story!"   Good luck to all in MM Friday!

            If it's the same person, then I believe the sign actually read 'Keep the Government out of my Medicare' or something to that effect, which is so completely ironically hilarious it borders on lunacy.

              Teddi's avatar - Lottery-008.jpg

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              Posted: November 15, 2013, 6:17 pm - IP Logged

              can we please not all fall for the tactics of the fear-mongering media-whores? Where reality is often skewed and the same laws in effect for the last decade that are being carried over suddenly become an issue like it's something new. HIPAA laws are there to protect the patients' rights. They haven't gone away, in fact they've gotten more and more stringent. There are some laws that supercede HIPAA, and those are very rare, but being shot is one of them. That MUST be reported and yes, you can be questioned about gun ownership. Accident, purposeful, or wrong place/wrong time, it doesn't matter. What's interesting now is that it's suddenly a big deal. It's all much ado about nothing. When a gun is purchased and registered, and that information stored, that's much more information about gun ownership than healthcare workers are going to get from patients. 

              Let's pretend that what one of the media whores said was correct and all of a sudden every doctor was required to ask every single patient about their gun ownership (because we're in Bizarro world and this is actually conceivable); if a patient answers, 'no, I don't have a gun' when they actually do, what exactly would happen then? Is the doctor going to run a background check to find out if that's true or not? Perform a citizen's arrest for lawful gun ownership? Everyone needs to stop drinking the Koolaid. The assertions would be funny if so many weren't buying into the scare tactics.

                veganlife125's avatar - Lottery-061.jpg

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                May 18, 2013
                263 Posts
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                Posted: November 17, 2013, 11:52 pm - IP Logged

                What future Republican president would have the COURAGE to write an executive order to totally ban ALL FEDERAL TAXES ON FUTURE LOTTERY WINNERS? 

                 

                that ship has sailed man..everyone had their chance at something like that with Ron Paul,, but they opted for the FOX hyped, nipple-oid romney

                He made it fun to watch though didn't he?  I knew he didn't have any chance of winning but to watch him get the other candidates to cringe during the debates everytime he talked about cutting Medicare & Military Spending to balance the budget made those 2 runs worth the price of admission JonnyBgood07!

                Don't forget to visit the Lottery Post Gift Shop!

                  THRIFTY's avatar - great seal_obverse.jpg
                  NEW YORK
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                  April 29, 2010
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                  Posted: November 18, 2013, 2:16 pm - IP Logged

                  noise-gate i don't put as much stock as you in which side gets to be president.  It gives one side or the other bragging rights for 4 years but thats about all.  It doesn't fix the overspending.  The elite rich who i assume you dislike control both parties and are not going to let either party finance the big ticket items ever with their money, sorry.  The middle/lower classes are paying for all of it with their taxes and job security. 

                  I believe you are misinformed about the hijacking of the tea-party my friend.  The "teabaggers" didn't hijack the republican party...no.  The republican party hijacked the tea party from Ron Paul supporters way back in 2007.  To kick off support for Ron Paul's first candidacy those supporters actually went to the Boston harbor and dumped tea!  The whole thing caught on so well with support and internet fund raising that the republican party wanted the tea but not the Paul lol!  The whole tea party movement was about cutting spending first and foremost to balance the budget.  Once talk radio and cable news claimed the movement it was about guns, abortion, patriotism, defense, cutting taxes ect.  After the theft was complete i remember seeing an elderly couple at a tea party rally in support of John McCain holding up signs that said: "Don't Touch My Medicare!".  Thats the one program above all others thats bankrupted the country!   

                  As Paul Harvey would say:  "Now you know the rest of the story!"   Good luck to all in MM Friday!

                  Are you into Yin and Yang? Playing the lottery has a negative and positive too.

                  US Flag

                  PLAY THE LOTTERY SOMEDAY-IT IS OKAY TO DREAM!

                    veganlife125's avatar - Lottery-061.jpg

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                    May 18, 2013
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                    Posted: November 19, 2013, 5:57 pm - IP Logged

                    Are you into Yin and Yang? Playing the lottery has a negative and positive too.

                    Yes THRIFTY my friend.  I met a gal at a halloween party a few weeks ago and she introduced me to a "yin & yang" i wasn't aware of: "White Wine & Peach Schnapps" together.   After about 2 of those she went to yin'in and i went to yang'in. Big Grin

                    Don't forget to visit the Lottery Post Gift Shop!

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                      NH
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                      December 5, 2009
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                      Posted: November 27, 2013, 4:13 pm - IP Logged

                      Everyone lives off the government one way or another...There's no way around it...

                        haymaker's avatar - Lottery-012.jpg
                        Egg Harbor twp.south Jersey shore
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                        Posted: November 27, 2013, 4:47 pm - IP Logged

                        What future Republican president would have the COURAGE to write an executive order to totally ban ALL FEDERAL TAXES ON FUTURE LOTTERY WINNERS? 

                        Heck if we want to go that far then what Republican candidate would actually have the COURAGE to propose "specific big cuts to the budget" in order to balance it and save the country from the fate of Detroit?Big Grin

                        I'm sure It won't be Chris Christie, Gov. of Jersey.

                        He would'nt even sign a bill to make lottery winners anonymous for 1 year.

                        So I doubt he gives a blink about fed taxes on winners.

                        Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

                          Jill34786's avatar - Lottery-006.jpg
                          Windermere, FL/Franklin, TN
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                          March 1, 2007
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                          Posted: November 27, 2013, 9:34 pm - IP Logged

                          Everyone lives off the government one way or another...There's no way around it...

                          "Everyone lives off the government one way or another"

                          That may be true for public sector, welfare recipients and Government employees but in my part of town it is the Government who live and spend with proceeds from us tax payers.

                          ** Some people fulfill their dreams by receiving entitlements from the Government while others wake up and work hard for it! **

                            mikeintexas's avatar - tx avatar-1.gif
                            Texas Panhandle
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                            December 20, 2012
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                            Posted: November 27, 2013, 9:46 pm - IP Logged

                            "Everyone lives off the government one way or another"

                            That may be true for public sector, welfare recipients and Government employees but in my part of town it is the Government who live and spend with proceeds from us tax payers.

                            I Agree!

                            I know it was after the Civil War when "the United States is..." changed to "the United States are..." but I couldn't tell you when "government of the people, by the people and for the people" became no longer true.

                              rcbbuckeye's avatar - Lottery-043.jpg
                              Texas
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                              October 23, 2007
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                              Posted: November 28, 2013, 10:23 am - IP Logged

                              I Agree!

                              I know it was after the Civil War when "the United States is..." changed to "the United States are..." but I couldn't tell you when "government of the people, by the people and for the people" became no longer true.

                              There isn't a specific date when it changed from "government of the people, by the people, and for the people". It was, and still is gradual. Every day, we lose a little more freedom. Every day, we wake up and wonder, what happened? When did the government become socialist?

                              As of now, it's too late. There is no turning back. I don't like what I see for the future of my kids and grandkids.

                              CAN'T WIN IF YOU'RE NOT IN

                              A DOLLAR AND A DREAM (OR $2)

                                 
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