Search Results: odd fact about you

Some facts about lotto in the USA:

The taxation difference between a lump sum and annuity lottery payout primarily lies in the timing and amount of taxes paid. A lump sum payout is taxed immediately on the entire amount, often pushing the winner into the highest federal tax bracket of 37%. This results in a significant portion of the winnings being taxed upfront. In contrast, annuity payments are taxed annually as they are received, potentially at lower rates if future tax brackets are reduced or if the annual payout doesn't push the winner into the highest bracket.

Estimates suggest around 30% of lottery winners face bankruptcy within three to five years.

Lottery players in America tend to come from specific demographic groups:

Socioeconomic Status:
People in lower-income brackets spend a larger portion of their income on lottery tickets. The poorest households spend nearly 5% of their income on lotteries, while wealthier households spend much less.

Race and Ethnicity:
Blacks and Native Americans have higher average days of lottery play compared to other groups.

Gender:
Males play the lottery more frequently than females.

Age:
Lottery play peaks in the twenties and thirties, then declines with age.

The odds: gambling is often referred to as "a tax for people that are bad at math". Here's your proof:

Here are some events more likely than winning the lottery:

Struck by Lightning: 1 in 186,978 chance annually.

Attacked by a Shark: 1 in 11.5 million.

Dying in a Car Accident: 1 in 67,003.

Winning an Olympic Gold Medal: 1 in 662,0005.

The odds of winning the Powerball jackpot are about 1 in 292.2 million.

Approximately 1% to 2.6% of the U. S. population has a gambling addiction, which translates to about 2 to 10 million people.

Bet with your head, not over it!

On Monday the RNC approved a platform, the document that outlines the party’s position for the administration they hope to put into power. The evolution of GOP platforms since 2016 shows the evolution of the GOP. The 2016 platform fell pretty much within the norms of the genre, celebrating the nation and attacking the opposition before calling first for tax cuts—standard for the GOP since 1980—open markets, and deregulation of business and finance, as well as a smaller government. It called as well for an end to gay marriage, protection of gun ownership, and opposition to abortion.

In 2020 the GOP did not write a platform, simply saying “[t]hat the Republican Party has and will continue to enthusiastically support the President's America-first agenda.”

Today's platform, is basically just lifted from a Trump rally teleprompter. The only real sign of the old party is, of course, the platform’s promise to make the Trump tax cuts (which have already added $2.5 trillion to the national debt) permanent. Otherwise, it portrays a world that reflects Trump’s dystopian vision rather than reality, then promises to fix that dystopia either with vague promises or with culture war victories. In odd passages, it promises to do what Biden has already done: conquer inflation, bring supply chains home, revive manufacturing, and save the auto industry.

CNN fact checker Daniel Dale has been kept busy correcting the Republicans’ repeated lie that there is a violent crime wave in the U. S. under Biden; the opposite is true. Both violent crimes and property crimes have plummeted since the Trump administration. Republicans are also saying that Democrats “have eroded the American energy dominance that President Trump delivered.” In reality, while Biden is trying to shift the U. S. to renewables, Dale noted that “the U. S. under Biden is producing more crude oil than any country ever has…"

Do republican voters just not care about any of this? How did that happen?