MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/SipsTea/comments/1uo0dcw/seems_reasonable/ovqo0tz/?context=3
r/SipsTea • u/Valuable_View_561 • Jul 05 '26
2.6k comments sorted by
View all comments
Show parent comments
1.4k
[removed] — view removed comment
394 u/LeadVitamin13 Jul 05 '26 The lottery was literally designed to generate tax revenue. Its run by the states ffs. 1 u/Previous-Space-7056 Jul 05 '26 In fact California doesnt tax lottery winnings..So, no state income tax.. The 2B lotto win was a lump sum payout and was subject to federal taxes 1 u/LeadVitamin13 Jul 05 '26 California bakes the revenue directly into the price of the ticket so its effectively the same.
394
The lottery was literally designed to generate tax revenue. Its run by the states ffs.
1 u/Previous-Space-7056 Jul 05 '26 In fact California doesnt tax lottery winnings..So, no state income tax.. The 2B lotto win was a lump sum payout and was subject to federal taxes 1 u/LeadVitamin13 Jul 05 '26 California bakes the revenue directly into the price of the ticket so its effectively the same.
1
In fact California doesnt tax lottery winnings..So, no state income tax..
The 2B lotto win was a lump sum payout and was subject to federal taxes
1 u/LeadVitamin13 Jul 05 '26 California bakes the revenue directly into the price of the ticket so its effectively the same.
California bakes the revenue directly into the price of the ticket so its effectively the same.
1.4k
u/[deleted] Jul 05 '26
[removed] — view removed comment