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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (3587)	2/1/2006 12:15:39 PM
From: ManyMoose	Read Replies (1) \| Respond to of 71588

The jackpot statements are essentially fraudulent because the only way you could get that amount would be to take it as an annuity. You could get the same amount by taking the $75.6 million and investing it in a CD. Lottery players do not think that far ahead, I'm afraid. They should be required to state the jackpot as $40 million, after taxes. The lottery could never be an investment, no matter how big the payout. It's a voluntary tax for poor people.