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I don't know about everywhere, but here in the States if you spend $1 on a lottery ticket and win $1 million you are entitled to offset $1 of your income for the price of the ticket and potentially saving a dime in tax but you have to remit about 50% of your $1 million in tax eventually. If you were to turn around and sink the $1/2 million you're about to remit as tax into 1/2 million lottery tickets, your income would be offset by 90% of the playments in your government sponsored lottery. I see it as a license to play without penalty while eventually securing more winnings from being counted as income. |
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Only problem is -- you're rich! Who has the time to manage all those thousands of quick-pick purchases, and you're now a person of leisure (Oh, the irony!). Hence, you'd jump at the chance for to hire a lottery playing service. Think of the updates and accountancy reports you'll be entitled to. |
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So the point is to win the lottery ... then raffle off a tax deductable portion to others ... so the goverment doesnt charge you for taxes?
I'll [+] or [-] after you explain more thourally (<-wtf kind of spelling is that?) |
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So if you go out and buy several more thousand lottery tickets, all you will do is simply drive a demand for someone to create more losing lottery tickets. |
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sp. thoroughly. I think. But, as many know, I have terrible spelling... |
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