Search Results: people lie

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!

Economist Paul Krugman noted: “We’ve all become desensitized, but it’s amazing how at this point the Trump campaign rests entirely on denouncing things that aren’t happening—[an] imaginary bad economy, imaginary runaway crime and now an imaginary failure of Biden and Harris to respond to natural disaster.”

FEMA spokesperson Jaclyn Rothenberg responded to a post claiming that FEMA was refusing to help conservative Americans, saying: “This is a lie. We help all people regardless of background as fast as possible before, during and after disasters. That is our mission and that is our focus.”

In contrast, numerous posters today noted that Trump repeatedly withheld federal aid from Democratic governors—including that of North Carolina—after disasters in their states. After the Trump campaign organized a fundraiser for victims of the hurricane, David Frum of The Atlantic reminded readers that in 2019, Trump was fined $2 million and three of his children were ordered to take classes as a penalty for taking for their own use funds from charities they ran.

When a reporter asked President Biden and Democratic North Carolina governor Roy Cooper to respond to Trump’s accusation that they are ignoring the disaster, Biden responded: “He's lying. And the governor told him he was lying…. I've spoken to the governor, spent time with him…. I don't know why he does this. And the reason I get so angry about it, I don't care about what he says about me, but I care what he communicates to the people that are in need. He implies that we're not doing everything possible. We are…. I assume you heard the Republican Governor of Georgia talk about that he was on the phone with me more than once. So that's simply not true. And it's irresponsible.”