Re:Mega Millions ticket wins $1.34B lottery jackpot
by willnonya on Saturday July 30, 2022 @07:45PM
(#32291526)
Not 100% true? Not even slightly true. People have convinced themselves that only the "poor" play the lottery but that is patently false.
Yes it is a tax on a voluntary transaction but those are taxed already. I think the problem is less that people play the lottery than that the lottery is taxed so heavily to begin with.
Re:Mega Millions ticket wins $1.34B lottery jackpot
by rco8786 on Saturday July 30, 2022 @09:40PM
(#32292327)
Poor people spend more money on the lottery than middle/upper income. That’s not really a debate?
Anyway I’m not agreeing or disagreeing with the term. I am just explaining to you why people refer to it as a regressive tax.
So looking purely at the macro level, the net effect looks a lot like a regressive tax. Which is why people say that even if it’s not 100% true.