I had won a 50/50 draw in the US last year.
They had collected 40K
They kept half 20K
I was taxed at 30%
I took home 14K
I'm not complaining, but that 30% is a big hit, and it would be even higher for a lot of locals with income I would imagine.
I rarely even have the 1st number, let alone all of them.
I don't like the way they draw it this year, someone pressing a button. I want to see the winning ticket drawn, so for that reason I don't buy them anymore
The new system has way more integrity it is the reason I now buy $50 instead of $20.
The new system has way more integrity it is the reason I now buy $50 instead of $20.