Title: Re: [PEN-L:36417] Re: RE: Re: RE: Re: WSJ -
Is This A
Since winning the lottery is the way people get rich
(in their fantasies), why not propose exempting
lottery winnings from the federal income tax (which
would in fact only be fair, since such winnings
are
not income but transfers, and
You're right. You buy tickets with after tax dollars,
so taxing winnings is double taxation. (There's an
extra hidden tax in the fact that lotteries are
unfair, since their purpose is to raise revenue.)
Alternatively you could make the ticket price
deductible and tax the winnings. (That
